$SOL Solana ETFs: 10 straight days of outflows, and the pace is picking up đ
Data through Oct 16 (SoSoValue):
Oct 16: â$12.67M, the biggest daily outflow on the table
Oct 15: â$9.82M
Oct 12â14: â$0.7M, â$1.0M and â$1.3M
Week total: about â$25.5M, a touch above last weekâs â$24.8M, which was already a record
What the chart shows:
Outflows have been negative every session since Oct 5. The last time ETFs saw a daily inflow was Oct 2 (+$1.3M).
Total net assets fell from about $1.93B to $1.62B (â16%). Cumulative net inflows dropped only about $60M, from $1.62B to $1.56B. So most of the decline is price, not investors leaving.
SOL was at $103.53 on Oct 16, with the line on the chart still rolling over.
My read for the next move:
đŽ Base case (cautious): with flows accelerating and the price trend still down, SOL stays under pressure early next week. $100 is the psychological level to watch.
đĄ Stabilization sign: daily outflows shrink back toward â$3M or less while price holds.
đą Reversal sign: the first net inflow day since Oct 2, ideally with rising volume.
Until flows turn, Iâd treat any bounce as unconfirmed. ETF flows are a slow-moving signal, not a timing tool, and the market can move against them in either direction.
đ Where does SOL go next?
đą Reclaims $110
đĄ Range-bound ($100â$110)
đŽ Breaks below $100
Vote and explain your reasoning below đ
#solana #SOL #CryptoETF #CryptoAnalysis #BinanceSquare
Data through Oct 16 (SoSoValue):
Oct 16: â$12.67M, the biggest daily outflow on the table
Oct 15: â$9.82M
Oct 12â14: â$0.7M, â$1.0M and â$1.3M
Week total: about â$25.5M, a touch above last weekâs â$24.8M, which was already a record
What the chart shows:
Outflows have been negative every session since Oct 5. The last time ETFs saw a daily inflow was Oct 2 (+$1.3M).
Total net assets fell from about $1.93B to $1.62B (â16%). Cumulative net inflows dropped only about $60M, from $1.62B to $1.56B. So most of the decline is price, not investors leaving.
SOL was at $103.53 on Oct 16, with the line on the chart still rolling over.
My read for the next move:
đŽ Base case (cautious): with flows accelerating and the price trend still down, SOL stays under pressure early next week. $100 is the psychological level to watch.
đĄ Stabilization sign: daily outflows shrink back toward â$3M or less while price holds.
đą Reversal sign: the first net inflow day since Oct 2, ideally with rising volume.
Until flows turn, Iâd treat any bounce as unconfirmed. ETF flows are a slow-moving signal, not a timing tool, and the market can move against them in either direction.
đ Where does SOL go next?
đą Reclaims $110
đĄ Range-bound ($100â$110)
đŽ Breaks below $100
Vote and explain your reasoning below đ
#solana #SOL #CryptoETF #CryptoAnalysis #BinanceSquare