NEAR Protocol
Why NEAR Protocol is up 1.6% in the last hour
Analysis
NEAR rose 1.6% over the past hour as broader crypto sentiment stabilized alongside Bitcoin’s move back toward the $60K area, which can lift large-cap altcoins in the short term. Cointelegraph’s coverage of heavy Bitcoin ETF outflows ($434M) and discussion of potential “capitulation” signals likely kept the focus on macro BTC flows, but the bounce in BTC price action appears to have supported a modest risk-on bid in NEAR.
Contributing Factors (2)
Bitcoin ETFs shed $434M as BTC briefly touches $60K, assets near $80B
Net weekly outflows from Bitcoin ETFs reached $690 million as BTC briefly touched $60,000, reigniting analyst criticism over “paper Bitcoin” and scarcity.
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
Moderate confidence. Multiple factors may be contributing.