NEAR Protocol Hits $5 as Bitwise Launches Spot ETF
NEAR Protocol (NEAR)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Bitwise introduced America’s inaugural spot NEAR ETF with the ticker NRR, debuting on NYSE Arca on September 29. Following this launch, NEAR’s price hovered between $4.94 and $4.97, reflecting a remarkable 167% monthly increase. Additionally, transaction volume through NEAR Intents surged beyond $32 billion during this period.
How the market reacted
Whalio's own Binance spot order flow for NEAR, measured when this story was written up on 30 September 2026. Not the outlet's figures.
Whalio data shows NEAR trading at $4.89, with a 1-hour buy ratio of 53.2% indicating short-term buying pressure, while the 4-hour ratio of 48.6% suggests a more balanced view. Over the past 24 hours, the buy ratio dropped to 47.7%, and the volume delta was -$9,639,685, signaling that sellers have dominated the longer timeframe. The 1-hour volume delta of +$1,092,207 contrasts with the 4-hour delta of -$651,251, showing that recent buying has not yet sustained over the medium term. A negative Cumulative Volume Delta (CVD) of -$11,184,324 confirms that net selling pressure has outweighed buying over the last day. Net buying occurred for only 8 of the last 24 hours, highlighting a market that is currently leaning toward distribution despite recent inflows.
The latest daily buy ratio of 50.8% sits at the 68th percentile of the last 323 days, against a median of 49.7% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for NEAR, averaged over the days leading up to the story.
Over the preceding week, NEAR saw a 10.4% price increase and a total volume delta of +$19,132,912, with net buying occurring on 4 of the 7 days. The current 24-hour buy ratio of 47.7% is lower than the 7-day average of 50.7%, indicating a slight cooling in buying intensity compared to recent trends. Volume over the last day was 0.75x the weekly average, suggesting that trading activity has slowed down relative to the previous week. While the weekly trend was positive, today’s metrics show a divergence from that broader momentum, with lower volume and a lower buy ratio than the weekly norm.