🚨 SOL DIPPED UNDER $100, THEN TOOK IT BACK
$SOL fell under $100 on Saturday while $BTC slid under $80,000 and $ETH under $2,350. Over $200M in leveraged longs got liquidated in 60 minutes (WatcherGuru).
SOL now trades at $102.34, flat over 24h on $174M Binance spot volume. BTC sits at $80,807, ETH at $2,356.
📊 WHY THIS DIP LOOKS DIFFERENT
ETF flows tell the rotation story. BTC spot ETFs lost $635.6M on Thursday and another $137.9M on Friday (Farside). ETH funds bled $220.66M for the week (CoinEdition). SOL ETFs took in $30.09M, the only major asset with fresh money, helped by new Fidelity and Canary launches.
My take: this is not SOL strength in isolation, it is money rotating while the two big funds bleed. Solana also shipped its Alpenglow upgrade this week, so the chain has a real catalyst behind the flow, not just a headline.
⚠️ BUT ONE WEEK DOES NOT MAKE A TREND
SOL ETF inflows partly reflect new launches, not steady demand yet, and BTC ETF flows have flipped sign within days before. If the $100 level fails again, the reclaim story dies fast.
🟢 Hold $100: dip buyers stay in control, next test is holding above $102
🔴 Lose $100: the bounce was a dead cat, not a rotation
Is SOL the rotation trade of this selloff, or just the last one standing before it follows BTC down? 👇
Not financial advice. DYOR.
#crypto #Solana #ETF
$SOL fell under $100 on Saturday while $BTC slid under $80,000 and $ETH under $2,350. Over $200M in leveraged longs got liquidated in 60 minutes (WatcherGuru).
SOL now trades at $102.34, flat over 24h on $174M Binance spot volume. BTC sits at $80,807, ETH at $2,356.
📊 WHY THIS DIP LOOKS DIFFERENT
ETF flows tell the rotation story. BTC spot ETFs lost $635.6M on Thursday and another $137.9M on Friday (Farside). ETH funds bled $220.66M for the week (CoinEdition). SOL ETFs took in $30.09M, the only major asset with fresh money, helped by new Fidelity and Canary launches.
My take: this is not SOL strength in isolation, it is money rotating while the two big funds bleed. Solana also shipped its Alpenglow upgrade this week, so the chain has a real catalyst behind the flow, not just a headline.
⚠️ BUT ONE WEEK DOES NOT MAKE A TREND
SOL ETF inflows partly reflect new launches, not steady demand yet, and BTC ETF flows have flipped sign within days before. If the $100 level fails again, the reclaim story dies fast.
🟢 Hold $100: dip buyers stay in control, next test is holding above $102
🔴 Lose $100: the bounce was a dead cat, not a rotation
Is SOL the rotation trade of this selloff, or just the last one standing before it follows BTC down? 👇
Not financial advice. DYOR.
#crypto #Solana #ETF