$SOL 🔴 BEARISH
According to The Block, ethereum exchange-traded funds continued to see withdrawals for a ninth consecutive day, while investment products tied to Solana ended a record-breaking 14-week stretch of inflows.
The end of Solana funds' record 14-week inflow streak signals that institutional capital flowing into SOL-focused investment products has paused or reversed, reducing a consistent source of demand that had supported the asset for over three months. With trading volume at 0.47× the average and RSI at 44, market activity is already subdued, making the shift in fund flows more notable as a potential change in institutional sentiment.
Market: 109.43, -0.35% over the past day, 1H RSI 44.
👀 #Altcoins #Crypto $LUMIA $ERA
According to The Block, ethereum exchange-traded funds continued to see withdrawals for a ninth consecutive day, while investment products tied to Solana ended a record-breaking 14-week stretch of inflows.
The end of Solana funds' record 14-week inflow streak signals that institutional capital flowing into SOL-focused investment products has paused or reversed, reducing a consistent source of demand that had supported the asset for over three months. With trading volume at 0.47× the average and RSI at 44, market activity is already subdued, making the shift in fund flows more notable as a potential change in institutional sentiment.
Market: 109.43, -0.35% over the past day, 1H RSI 44.
👀 #Altcoins #Crypto $LUMIA $ERA