NEAR Protocol
Why NEAR Protocol is down 2.1% in the last hour
Analysis
NEAR Protocol (NEAR) fell 2.1% over the past hour as broader market sentiment weakened amid renewed concerns that Bitcoin may be approaching “full capitulation.” Cointelegraph highlighted multiple capitulation signals for BTC, which likely pressured altcoins like NEAR in the short term as traders de-risk alongside BTC-led downside moves. Sources: Cointelegraph
Contributing Factors (1)
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.