Just as October was getting underway, U.S. spot SOL ETFs posted net outflows of around $22 million.
Stop imagining that institutional money will blindly prop things up—real money is already being withdrawn. The charts are even more honest: the price plunged from 123.76 to 105.61 in one go. Even as it now struggles to recover to around 110.10, it remains firmly pinned below the moving averages, unable to mount even a decent bullish counterattack.
Institutions are voting with their feet, while the market can’t even break above a moving average. Trying to call the bottom before buying support completely dries up is just handing liquidity to the bears.
#比特币反弹至8.3万美元 #SOL $SOL
#US $US
#比特币反弹至8.3万美元
👇
Stop imagining that institutional money will blindly prop things up—real money is already being withdrawn. The charts are even more honest: the price plunged from 123.76 to 105.61 in one go. Even as it now struggles to recover to around 110.10, it remains firmly pinned below the moving averages, unable to mount even a decent bullish counterattack.
Institutions are voting with their feet, while the market can’t even break above a moving average. Trying to call the bottom before buying support completely dries up is just handing liquidity to the bears.
#比特币反弹至8.3万美元 #SOL $SOL
#US $US
#比特币反弹至8.3万美元
👇