Near Protocol [NEAR] plunged more than 12% in the past 24 hours, wiping out all gains from the previous day, amid Bitcoin stagnating at $83,500 and Ethereum at $2,500. A whale was liquidated on a long position of 500,000 NEAR tokens, worth $2.64 million, and is now shorting Zcash, signaling a shift in market sentiment. Daily trading volume exceeded $1.58 billion, with over 215,000 NEAR tokens sold in a context of capital outflows confirmed by the CMF dropping from 0.15 to -0.06. Despite this correction, Spot ETF inflows on NEAR remain positive with a daily net flow of $3.98 million, bringing the Bitwise NEAR ETF cumulative value to $75.38 million.
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