$NEAR trades at 4.9370, back to flat on the day at minus 0.1 percent after tagging 4.6340 this morning. The bounce off that low is 6.5 percent.
Turnover was 121.24M over the last 24 hours against a 30 day average of 201.68M, so 0.60x, across 459,654 trades. The full round trip down and back up happened on under two thirds of the usual volume.
Open interest carries the story of the dip. It stood at 52.76M tokens at 20:00 UTC yesterday, peaked at 53.96M at 10:00 this morning while price was still falling, and has eased back to 52.58M since. In dollar terms it went from 259.32M to 249.85M across the same window.
The positioning side is the part worth watching. The long short account ratio bottomed at 1.4149 at 10:00, then printed 1.4361, 1.4468, 1.4802 and 1.5056 at 14:00. Four consecutive hourly increases, taking it to 60 accounts in 100 holding longs, with the biggest jump landing after the low was set.
Funding turned at the 08:00 settlement, minus 0.0018 percent, the first negative print since 16:00 on 18 October.
On the daily the trend is still higher highs and higher lows. The session low at 4.6340 landed on the 4.62 support that has held since 10 October, and the next level under it is 4.30. The 6.00 of 12 October sits 17.7 percent overhead, the 3.916 of 21 September is 26.1 percent down.
Rank 17, a 6.13B cap, and four straight hourly prints of accounts adding longs while it recovered.
Follow for the data behind the move, not the headline.
#near #altcoin #crypto #defi #bitcoin
Turnover was 121.24M over the last 24 hours against a 30 day average of 201.68M, so 0.60x, across 459,654 trades. The full round trip down and back up happened on under two thirds of the usual volume.
Open interest carries the story of the dip. It stood at 52.76M tokens at 20:00 UTC yesterday, peaked at 53.96M at 10:00 this morning while price was still falling, and has eased back to 52.58M since. In dollar terms it went from 259.32M to 249.85M across the same window.
The positioning side is the part worth watching. The long short account ratio bottomed at 1.4149 at 10:00, then printed 1.4361, 1.4468, 1.4802 and 1.5056 at 14:00. Four consecutive hourly increases, taking it to 60 accounts in 100 holding longs, with the biggest jump landing after the low was set.
Funding turned at the 08:00 settlement, minus 0.0018 percent, the first negative print since 16:00 on 18 October.
On the daily the trend is still higher highs and higher lows. The session low at 4.6340 landed on the 4.62 support that has held since 10 October, and the next level under it is 4.30. The 6.00 of 12 October sits 17.7 percent overhead, the 3.916 of 21 September is 26.1 percent down.
Rank 17, a 6.13B cap, and four straight hourly prints of accounts adding longs while it recovered.
Follow for the data behind the move, not the headline.
#near #altcoin #crypto #defi #bitcoin