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Near Protocol (NEAR) drops over 10% amid $1.33M long liquidations in four hours

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Near Protocol (NEAR) drops over 10% amid $1.33M long liquidations in four hours

Near Protocol (NEAR) experienced a sharp decline of 10.23%, falling from $5.03 to $4.51 within four hours on October 8, extending its 24-hour loss to nearly 14%. This drop was accompanied by $1.33 million in long position liquidations across major exchanges Binance, Bybit, and OKX, significantly outweighing short liquidations of $130,000. The heavy liquidation of long positions suggests traders were forced to close bets expecting price rises. NEAR remains the 21st largest cryptocurrency by market capitalization at about $5.7 billion. No specific reason for the sudden price drop was identified in available market data.

NEAR Protocol is trading at Rp81.019 on Pluang with a 1-day change of -13.45% as of Oct 09, 2026 01:42 WIB, closely mirroring the sharp drop reported in the news. The platform shows a market cap of Rp105,88 trillion and a 24-hour trading volume of Rp36,34 trillion, indicating active participation despite the price decline. Pluang users currently have a 41% sell and 59% buy order split, with a typical hold time of 51 days, suggesting a mix of cautious selling and longer-term holding amid volatility.

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