NEAR is out-trading XRP and BNB on Binance while Bitcoin sits flat.
NEAR/USDT: $5.17, +2.7%, $146M of 24h volume - the 5th-biggest USDT pair on Binance, ahead of XRP ($125M) and BNB ($81M). BTC is -0.6% on the same window.
Why: Bitwise's spot NEAR ETF (NRR) listed on NYSE Arca Sept 29 and took $35.5M of net inflows day one - about 7.2M NEAR, 0.55% of supply, off the market in one session. Korean reports frame it as 순환매: rotation out of BTC/ETH into AI and ETF alts.
The same bid runs down the compute stack: $NEAR leads on volume, iExec's $RLC is today's top gainer at +137% on $44.7M, and $TAO holds $33.6M while most alts are red.
Setup: NEAR's 24h range is $4.92-$5.37. Traders watch that $4.92 low into the European open.
Korea, Japan, China - holding AI tokens into the close, or rotating back to majors?
#Write2Earn #Altcoins #알트코인 #仮想通貨 #加密货币
Not financial advice. DYOR.
NEAR/USDT: $5.17, +2.7%, $146M of 24h volume - the 5th-biggest USDT pair on Binance, ahead of XRP ($125M) and BNB ($81M). BTC is -0.6% on the same window.
Why: Bitwise's spot NEAR ETF (NRR) listed on NYSE Arca Sept 29 and took $35.5M of net inflows day one - about 7.2M NEAR, 0.55% of supply, off the market in one session. Korean reports frame it as 순환매: rotation out of BTC/ETH into AI and ETF alts.
The same bid runs down the compute stack: $NEAR leads on volume, iExec's $RLC is today's top gainer at +137% on $44.7M, and $TAO holds $33.6M while most alts are red.
Setup: NEAR's 24h range is $4.92-$5.37. Traders watch that $4.92 low into the European open.
Korea, Japan, China - holding AI tokens into the close, or rotating back to majors?
#Write2Earn #Altcoins #알트코인 #仮想通貨 #加密货币
Not financial advice. DYOR.
