NEAR Protocol slides below $4.30 as long liquidations drive the sell-off

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.NEAR Protocol loses a good 7 percent on Monday to around $4.02 and breaks the $4.30 mark, taking the decline since October 12 to around 32 percent. In the futures market it was mainly long positions that were liquidated; the levels, the facts on tax and leverage, and what matters when buying.Add as a preferred source on GoogleFollow on Google NewsNEAR Protocol lost the $4.30 mark on Monday. At around 17:10 German time in the afternoon, one NEAR cost roughly $4.02, or about €3.59, a good 7 percent less than 24 hours earlier. Measured from the daily price on October 12, when NEAR still stood at $5.89, the decline adds up to around 32 percent. None of the sources covering the day names a single trigger such as a network failure or an announcement from the project. What is visible is that in the futures market it was mainly bets on rising prices that were unwound. This article puts the figures in context, shows the levels the price is likely to orient itself by next, and explains wh...