NEAR Protocol
Why NEAR Protocol is down 16.5% today
Analysis
NEAR fell 16.5% over the past 24 hours as broader crypto risk sentiment weakened amid fears of a deeper Bitcoin drawdown. Cointelegraph highlighted “full capitulation” signals for Bitcoin, which can pressure altcoins like NEAR as traders de-risk and reduce exposure across the market.
Contributing Factors (2)
Three signs that Bitcoin price is near ‘full capitulation’
Panic selling by short-term holders, extreme fear, and oversold RSI suggested that BTC could be nearing the final phase of capitulation.
January rally bolsters near-term outlook for bitcoin mining stocks, JPMorgan says
Shares of mining companies rose last month despite softer bitcoin prices as storms cut the network hashrate and AI optimism grew, the bank said.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.