$SOL ~121 and four green days in a row — but inflows into spot ETFs have nearly vanished. Key levels.
The numbers: Solana ETFs saw +2,4$ million from Sept. 28 to Oct. 2, versus 188$ million the week before (SoSoValue), with two sessions in the red. OI ~7,2$ billion, funding neutral. Still ~59% below the ATH of 293.
Upside: A daily close above 123–125 (September high: 124.95) opens the way to 132–133. But we need $BTC above 87k — overnight it once again reached ~86,950 and pulled back.
Downside: Losing 119 (the 50 EMA on the 4-hour chart) points to 116.4, then 112.5–113.5.
My take: A rally on thin volume and with no money flowing into ETFs is a short squeeze, not fresh demand. While $BTC is up against 87k, I’m expecting a retest of 119, not buying the breakout.
Question: Will $SOL hit 125 or 116 first?
$SOL $BTC #Solana
The numbers: Solana ETFs saw +2,4$ million from Sept. 28 to Oct. 2, versus 188$ million the week before (SoSoValue), with two sessions in the red. OI ~7,2$ billion, funding neutral. Still ~59% below the ATH of 293.
Upside: A daily close above 123–125 (September high: 124.95) opens the way to 132–133. But we need $BTC above 87k — overnight it once again reached ~86,950 and pulled back.
Downside: Losing 119 (the 50 EMA on the 4-hour chart) points to 116.4, then 112.5–113.5.
My take: A rally on thin volume and with no money flowing into ETFs is a short squeeze, not fresh demand. While $BTC is up against 87k, I’m expecting a retest of 119, not buying the breakout.
Question: Will $SOL hit 125 or 116 first?
$SOL $BTC #Solana