Main factors
Capital hemorrhage at the macroeconomic level and exchange-traded funds (high): Consecutive net withdrawals from spot exchange-traded funds, along with higher Treasury bond yields, intensified broad risk-hedging sentiment—large spot sales
Institutional flooding of hostile activity (high): Flow data shows consecutive net inflows exceeding $15.8 million, dominated by the outflow of large transactions valued at $13.5 million
Bearish technical breakdown (medium): the price fell below the lower Bollinger Band as trading volume expanded to over $155 million — the RSI retreated into oversold territory
SOL
110.47
+1.06%