$NEAR 5,14 — this afternoon, it swept 5.632, above the 5.58 peak on Sep 28, then was pulled back to 5.14 (−8.8% from the peak).
24-hour volume: $1.17 billion. Open interest rose 10% ($271 million → $297 million), briefly hitting $323 million at 2 p.m. before pulling back 8%; 59% of accounts are long. According to AlphaMaven (Oct 1), the first U.S. spot NEAR ETF (Bitwise) attracted $62 million in its first three sessions, about 1% of market cap.
The concern: according to the same source, NEAR had risen about 160% in the month before the fund launched, so the new ETF inflows are small compared with that increase.
4H is bullish; 12H is bearish. The indicator dashboard is not in agreement.
Main direction: stay on the sidelines. Reassess when a 4H candle closes outside 4.95–5.63.
After sweeping 5.58 and reversing, have ETF inflows already been fully priced in?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#NEAR #NEARProtocol $NEAR
24-hour volume: $1.17 billion. Open interest rose 10% ($271 million → $297 million), briefly hitting $323 million at 2 p.m. before pulling back 8%; 59% of accounts are long. According to AlphaMaven (Oct 1), the first U.S. spot NEAR ETF (Bitwise) attracted $62 million in its first three sessions, about 1% of market cap.
The concern: according to the same source, NEAR had risen about 160% in the month before the fund launched, so the new ETF inflows are small compared with that increase.
4H is bullish; 12H is bearish. The indicator dashboard is not in agreement.
Main direction: stay on the sidelines. Reassess when a 4H candle closes outside 4.95–5.63.
After sweeping 5.58 and reversing, have ETF inflows already been fully priced in?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#NEAR #NEARProtocol $NEAR