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NEAR price falls 6% amid $1B leveraged futures exposure and rising liquidations.

Market News
02 Nov 2026, 14:39 WIB
Coinpaper
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Bearish
NEAR price falls 6% amid $1B leveraged futures exposure and rising liquidations.

NEAR's price dropped about 6% to $4.12, breaking below key support at $4.30 amid a decline in leveraged futures exposure nearing $1 billion. Liquidations hit $2.83 million in 24 hours, mostly from long positions, signaling bearish pressure as traders reduce risk. The token faces critical support levels around $4.05 and $4.00, with potential further downside if these break. Despite institutional interest and cross-chain growth, NEAR's short-term outlook remains cautious due to weakening technicals and falling open interest.

NEAR trades at Rp74.718 on Pluang as of Nov 02, 2026 19:52 WIB, down 6.57% in the last day. The platform shows a strong sell sentiment with 95% of orders to sell and only 5% to buy. Typical holding time for NEAR investors on Pluang is 51 days, indicating a relatively short-term trading horizon.

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