📰 Why is Solana crashing below $90 as ETF outflows and bearish signals mount?
Solana (SOL) extended its losing streak on Friday, falling below the psychological $90 level to trade around $89.65, its lowest price in two months. The decline follows a drop of more than 6.5% on Friday as a broad cryptocurrency selloff triggered over $1 billion in liquidations across the market. Institutional demand also showed signs of weakness, with Solana-focused Exchange-Traded Funds (ETFs) recording fresh withdrawals after last week's substantial outflows. Meanwhile, derivatives traders continued to reduce their exposure to SOL, with futures Open Interest declining and leveraged bullish positions accounting for most of Thursday's liquidations. The combination of weakening institutional flows, declining derivatives activity, and deteriorating technical indicators leaves Solana vulnerable to further losses. A decisive break below the $87.21 support…
Source : Invezz
Time : 2026-11-06 11:18:37
Credit : hassan maishera
#solana #crypto
$XRP $ETH $BTC
Share your opinion in the comment section below
Solana (SOL) extended its losing streak on Friday, falling below the psychological $90 level to trade around $89.65, its lowest price in two months. The decline follows a drop of more than 6.5% on Friday as a broad cryptocurrency selloff triggered over $1 billion in liquidations across the market. Institutional demand also showed signs of weakness, with Solana-focused Exchange-Traded Funds (ETFs) recording fresh withdrawals after last week's substantial outflows. Meanwhile, derivatives traders continued to reduce their exposure to SOL, with futures Open Interest declining and leveraged bullish positions accounting for most of Thursday's liquidations. The combination of weakening institutional flows, declining derivatives activity, and deteriorating technical indicators leaves Solana vulnerable to further losses. A decisive break below the $87.21 support…
Source : Invezz
Time : 2026-11-06 11:18:37
Credit : hassan maishera
#solana #crypto
$XRP $ETH $BTC
Share your opinion in the comment section below