The US’s first spot $NEAR ETF was listed yesterday. On its second day, NEAR ranked 6th on Binance’s 24-hour spot trading volume, with approximately $197 million.
Bitwise’s NRR will take the NEAR it holds and stake it; an annualized return of about 5% is added to the NAV, with a management fee of 0.75%. The net inflows for the first day have not been released yet.
On-chain data: NEAR Intents has processed over $32 billion in total, and the inflation rate has just dropped to 2.5%.
As for price: 1.92 thirty days ago, now 4.89—up 155%. The peak of this move was 5.578.
Levels: 5.0 to 5.58 is the previous high resistance zone; below, 4.55 is the intraday low on 9/29, and 4.03 is the one-week low.
Thesis: ETF fund flows in the first week are the key signal. Only if inflows keep coming does it have the qualification to challenge 5.58. A break below 4.5 indicates that “buy the expectation, sell the fact” is being realized. If you chase at higher levels, keep your position light.
$NEAR
Bitwise’s NRR will take the NEAR it holds and stake it; an annualized return of about 5% is added to the NAV, with a management fee of 0.75%. The net inflows for the first day have not been released yet.
On-chain data: NEAR Intents has processed over $32 billion in total, and the inflation rate has just dropped to 2.5%.
As for price: 1.92 thirty days ago, now 4.89—up 155%. The peak of this move was 5.578.
Levels: 5.0 to 5.58 is the previous high resistance zone; below, 4.55 is the intraday low on 9/29, and 4.03 is the one-week low.
Thesis: ETF fund flows in the first week are the key signal. Only if inflows keep coming does it have the qualification to challenge 5.58. A break below 4.5 indicates that “buy the expectation, sell the fact” is being realized. If you chase at higher levels, keep your position light.
$NEAR