NEAR Protocol
Why NEAR Protocol is down 1.0% in the last hour
Analysis
NEAR Protocol (NEAR) slipped about 1.0% over the past hour amid broader crypto risk-off sentiment after reports that Bitcoin ETFs saw roughly $434M in net outflows as BTC briefly touched $60K. The ETF outflow headline likely weighed on altcoins like NEAR as traders reacted to weaker institutional flow signals in the wider market.
Contributing Factors (1)
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.