NEAR Protocol
Why NEAR Protocol is down 4.6% today
Analysis
NEAR fell 4.6% over the past 24 hours as broader crypto sentiment stayed risk-off with bitcoin still “under pressure” around $68,000, which tends to weigh on altcoins during market-wide pullbacks. CoinDesk’s ETF flows coverage highlighted ongoing pressure in BTC despite easing panic, pointing to continued cautious positioning that likely dragged NEAR lower alongside the wider market.
Contributing Factors (2)
Bitcoin remains under pressure near $68,000 even as panic ebbs
Key derivatives metrics and ETF flows suggest lack of demand, but macro forces offer hope.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.