NEAR Protocol Metrics Decline After Intents Exploit
NEAR Protocol (NEAR)
Editor:
Eugene Serbin
Thecurrencyanalytics.com reports that NEAR Protocol is struggling to maintain confidence following the NEAR Intents exploit. Although the asset experienced a slight price bounce, key metrics such as open interest and trading volume continue to fall. This decline in open interest suggests traders are closing positions and exiting rather than rotating into new bets.
Trading volume remains low during the rebound, indicating that the price move may not hold without follow-through buying. The exploit has rattled investor trust more than a simple price drop would, leading to heightened caution. There is currently no official update on what the exploit exposed or a public roadmap for fixing the vulnerabilities.
The absence of clear communication from the NEAR team is contributing to the market's hesitation. Competitors are likely using the incident to attract developers and liquidity providers. Rebuilding momentum is difficult while the team patches security holes and reassures a skeptical investor base. The current data points to a nervous pause rather than a genuine recovery.
How the market reacted
Whalio's own Binance spot order flow for NEAR, measured when this story was written up on 3 October 2026. Not the outlet's figures.
NEAR is trading at $4.69 with a 1-hour buy ratio of 51.1%, indicating short-term buying pressure. However, this momentum fades over longer timeframes, with the 4-hour buy ratio dropping to 45.4% and the 24-hour ratio at 46.4%. The 1-hour volume delta is positive at +$77,465, but the 4-hour delta is -$1,536,877 and the 24-hour delta is -$12,279,588. This negative volume delta means that the total value of sell orders exceeded buy orders over the day. The Cumulative Volume Delta (CVD) for the 24-hour close is -$14,220,527, confirming net selling pressure. Buying pressure is clearly fading as the timeframe extends from one hour to a full day.
The latest daily buy ratio of 51.5% sits at the 77th percentile of the last 322 days, against a median of 49.7% - stronger buying than most days.
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, the average buy ratio was 49.1%, making the current 24-hour ratio of 46.4% slightly below normal. Trading volume over the last day was 0.81x the weekly average, indicating lighter activity than usual. The coin saw net buying on only 2 of the last 7 days, with a total 8-day volume delta of -$40,504,869. This represents an unusual day for the coin, characterized by lower volume and a buy ratio 2.7 points below the weekly average. The price has declined 5.2% over the 8-day period, reflecting sustained selling pressure.