SOL funds have been moving in two opposite directions over the past two days.
On October 31, Whale Alert reported that two unknown wallets transferred SOL to Coinbase Prime.
One transfer was worth about $58.5 million, the other about $52.7 million, for a combined total of roughly $111.2 million.
In the opposite direction, on October 30, a newly created wallet withdrew about $6.7 million worth of SOL from OKX, Kraken, and Bybit and moved it into self-custody.
Some funds are going into institutional custody, while others are being withdrawn into holders’ own hands.
Meanwhile, U.S. SOL ETFs saw net outflows of $71.5 million over the five days from October 26 to 30. Outflows on the 27th alone totaled $19.16 million, the largest single-day outflow since December 3, 2025.
As of the afternoon of November 1, SOL was trading at about $94.62, down 6.8% over seven days and 21.1% over 30 days.
I don’t think this is panic in just one direction. It looks more like big money is reconsidering where to hold its assets.
Invalidation condition: If SOL falls below $90 and ETF outflows continue to grow, this view is invalidated.
Which side do you favor: is institutional custody the signal, or is self-custody?
$SOL $BTC $ETH
#Solana #加密市场
On October 31, Whale Alert reported that two unknown wallets transferred SOL to Coinbase Prime.
One transfer was worth about $58.5 million, the other about $52.7 million, for a combined total of roughly $111.2 million.
In the opposite direction, on October 30, a newly created wallet withdrew about $6.7 million worth of SOL from OKX, Kraken, and Bybit and moved it into self-custody.
Some funds are going into institutional custody, while others are being withdrawn into holders’ own hands.
Meanwhile, U.S. SOL ETFs saw net outflows of $71.5 million over the five days from October 26 to 30. Outflows on the 27th alone totaled $19.16 million, the largest single-day outflow since December 3, 2025.
As of the afternoon of November 1, SOL was trading at about $94.62, down 6.8% over seven days and 21.1% over 30 days.
I don’t think this is panic in just one direction. It looks more like big money is reconsidering where to hold its assets.
Invalidation condition: If SOL falls below $90 and ETF outflows continue to grow, this view is invalidated.
Which side do you favor: is institutional custody the signal, or is self-custody?
$SOL $BTC $ETH
#Solana #加密市场