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NEAR Protocol sees $11.65M long liquidations as price drops 2.19% to $4.34

Market News
24 Oct 2026
Tokenpost
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Bearish
NEAR Protocol sees $11.65M long liquidations as price drops 2.19% to $4.34

NEAR Protocol experienced $11.65 million in long position liquidations within one hour on October 24, coinciding with a 2.19% price drop to $4.34. This data, collected from Binance, Bybit, and OKX exchanges, shows a significant imbalance with long liquidations vastly exceeding short liquidations, which totaled $100,000. NEAR remains the 20th largest cryptocurrency by market capitalization. The sharp liquidation suggests increased selling pressure and potential volatility for NEAR in the near term.

While NEAR Protocol faced $11.65 million in long liquidations in one hour, on Pluang as of Oct 25, 2026 02:31 WIB, NEAR trades at Rp80.904, down 6.18% in one day. Its market cap stands at Rp105.77 trillion with a 24-hour volume of Rp17.34 trillion. Despite the recent volatility, Pluang order activity shows a strong buy interest at 99%, and the typical hold time is 51 days, indicating steady investor confidence compared to the sharp liquidation event.

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