NEAR · Daily move · 2026-11-02
Why did NEAR Protocol drop 9.8% on November 2, 2026?
There is not enough price history yet to tell how much of NEAR's move followed Bitcoin; the figures below describe the move, not its cause. NEAR fell further than this on 3 of the past 29 days. No NEAR report was collected from the day before to the day after; the analysis below weighs older evidence.
A NEAR-specific decline beyond what Bitcoin’s move would predict is the clearest explanation; the whole market also fell. NEAR first spiked and then fell back. No verified event explains the coin-specific weakness.
May have started the movePossible
Bitcoin and many tracked coins fell too, and a report about a security breach at Brazil’s Mercado Bitcoin exchange appeared at Nov 2, 16:46 UTC. This may have added to broad market pressure, but the market move accounts for only part of NEAR’s decline.
What is not shown
NEAR fell substantially more than Bitcoin’s beta-adjusted move, and only 9 of 27 tracked coins fell by at least a third as much. The report does not establish a market-wide reaction or its timing relative to the move’s onset.
What is still unknown
What started NEAR’s coin-specific selling, and whether liquidations amplified it, remain unknown.
Looked at the 24 hours to Nov 3, 2026, 01:59 UTC
- Day open / close
- $4.29 → $3.8724 hourly candles, OKX · USDT
- Day range
- $3.85 – $4.3513.0% from low to high
- Versus the past month
- 3 of the past 29 days fell further-9.84% in the 24 hours to Nov 3, 2026, 00:00 UTC, 2.5× a typical day (4.0%).
- 30-day range
- 35.9% below the high · 0.5% above the lowFrom hourly highs and lows on the same venue
- 24h volume
- 0.9×of its prior 30-day daily average
- Where it traded
- Binance 18% · BTCC 8% · Gate 7%
- Perpetual swap
- funding positive · open interest risingOKX perpetual swap NEAR-USDT-SWAP
Computed from OKX · USDT hourly candles for the 24 hours to Nov 3, 2026, 00:00 UTC. Methods →
NEAR timeline around November 2, 2026
Largest closed hourly move: -3.06%, Nov 2, 2026, 06:00–07:00 (UTC).
How often has this happened before?
Since 2020-10-14, NEAR has fallen 7% or more in a UTC day 118 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 52 of 117 cases, with a median change of -1.41%. This is history, not a forecast.
Latest 10 episodes: 2026-10-29, 2026-10-22, 2026-10-08, 2026-09-28, 2026-07-27, 2026-06-04, 2026-05-26, 2026-02-05, 2026-01-29, 2025-12-01 (UTC)
One venue’s daily closes, before costs; the coin’s own survived history, so it says nothing about coins that no longer trade. Past episodes are not a forecast.