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 risk-off sentiment in crypto, as Cointelegraph reported large weekly outflows from Bitcoin and Ether ETFs totaling $549M, which can weigh on altcoins as well. Adding to the negative tone, U.Today highlighted NEAR among October’s “worst performers,” reinforcing near-term bearish positioning around the token.
Contributing Factors (2)
Bitcoin, Ether ETFs shed $549M as October ETH outflows near $1B
US spot Ether ETFs recorded around $955 million in October net outflows so far, while Bitcoin funds extended their weekly withdrawal streak to two weeks.
Starknet (STRK), Filecoin (FIL), Midnight (NIGHT) and Near Protocol (NEAR) Price Analysis for October 20: Worst Performers in October
Starknet, Filecoin, Midnight, and Near Protocol have all pulled back from their October highs and now sit at key support levels that will decide their next move.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.