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NEAR Protocol token drops 5.64% in four hours, hitting $4.94 amid heavy long liquidations.

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
NEAR Protocol token drops 5.64% in four hours, hitting $4.94 amid heavy long liquidations.

NEAR Protocol's token price fell 5.64% within four hours, dropping from $5.24 to $4.94 as of October 8, 9:43 a.m. ET. Over the past 24 hours, the token declined by 2.16%, with a market cap of about $6.6 billion, ranking 21st among cryptocurrencies. The price drop triggered $810,000 in long position liquidations on major exchanges Binance, Bybit, and OKX, compared to $10,000 in short liquidations, indicating that most losses came from long holders. This suggests bearish sentiment and potential caution for investors in the near term.

NEAR Protocol's token is trading at Rp89,010 on Pluang as of October 8, 2026, 21:02 WIB, down 2.12% in the past day, closely mirroring the 2.16% decline reported in USD terms. Its market cap stands at Rp118.55 trillion, with a high trading volume of Rp27.91 trillion over 24 hours. The Pluang platform shows a strong sell sentiment with 87% of orders to sell, contrasting with only 13% buying interest, while typical holders keep their tokens for about 51 days, indicating cautious short-term engagement among investors.

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