NEAR TVL declines to $191M as price falls 10% – Will THIS spur more decline?

$NEAR has extended its bearish run by recording a 10% price drop over the last 24 hours just after closing below the $4.0-$4.7 demand zone. The drop comes after big players shy off the market following the recent crypto developments.

The $NEAR Spot ETF recorded zero inflows over the last 24 hours, while network revenue also dropped to its lowest level in the last week. Will the negative sentiment keep $NEAR’s bearish run going?

ETF inflows and network metrics show weakening demand

The absence of net inflows into $NEAR Spot ETFs over the past 24 hours points to a lack of fresh institutional demand through these products.

While one day of zero inflows does not establish a sustained withdrawal trend, it offers little support during the current decline.

Besides, per AMBCrypto’s analysis of the token’s recent data, its daily revenue has fallen to approximately $33,000, its lowest level this week.

At the same time, holders’ sentiment weakened. Near Intent’s Total Value Locked has booked a sharp $15 million decline to $191 million over the last 24 hours.

The TVL reduction suggests that capital deployed across $NEAR’s DeFi ecosystem has decreased. Combined with weaker revenue, these figures raise questions about near-term ecosystem demand.

Will $NEAR’s downtrend hold?

Presently, $NEAR faces pressure from both its technical breakdown and declining network metrics. Declining ETF inflows, shrinking DeFi activity, and a move breakdown below its demand zone between $4 and $4.7 all point to a weakening demand.

With the token currently trading below its key 20-day and 50-day EMA, a continued bearish run is likely to be prolonged in the short run.

Final Summary

• $NEAR has extended its bearish run after closing below the $4.00–$4.70 demand zone.
• The network’s zero Spot ETF inflows, weekly-low network revenue, and sharp TVL decline point to cooling ecosystem demand.