SOL Outflows Drop 83%, But One Factor Keeps Solana Price in Check
SOL Outflows Drop 83%, But One Factor Keeps Solana Price in Check
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Solana's price continues to show weakness despite a significant 83% reduction in selling by long-term holders. Although a new Bitwise Solana ETF attracted $132 million in inflows, substantial institutional capital is not yet entering the spot market. Analysts suggest that until Chaikin Money Flow turns positive, any price recovery for SOL will likely be temporary.
Solana price remains weak even after long-term holders slowed their selling by 83%. Despite a $132 million inflow into the new Bitwise Solana ETF, big money still isn’t entering the spot market. Until Chaikin Money Flow flips positive, any bounce in SOL is likely to stay short-lived.