Spot Solana exchange-traded funds extended their streak of daily inflows this week, marking thirteen consecutive days of fresh capital despite growing bearish pressure across the wider crypto market.
The persistent demand highlights ongoing institutional interest in Solana’s native asset, even as price charts signal deeper corrective risks.
Steady ETF Inflows Despite Wider Market Outflows
Data from SoSoValue showed that Solana ETFs saw $1.49 million in inflows on Thursday, lifting total inflows to $370 million and pushing combined assets above $533 million.
Only the Bitwise Solana ETF posted inflows during the session, marking its weakest day since debuting on Oct. 28.
The reduced momentum echoed broader weakness in crypto investment products.
Spot Bitcoin ETFs logged $866 million in net outflows on the same day, the second-largest daily withdrawal since their launch.
Spot Ether ETFs also saw significant redemptions, with $259.2 million exiting the funds this week and their cumulative inflows falling to $13.3 billion.
Ether products shed $183.7 million on Thursday and $107.1 million the day before.
Despite this environment, Solana’s ETF demand has remained comparatively resilient, but has yet to translate into price support for SOL itself.
SOL Loses Key Support as Market Weakens
Solana’s price action turned sharply negative over the past two weeks, sliding more than 34% to reach $142 on Friday — the lowest level since June 23.
This decline pushed SOL below its 100-week simple moving average and broke the multiyear uptrend that began in January 2023.
With $95 marking the current yearly low, technical indicators suggest a risk of further downside.
According to Glassnode, Solana is now testing a daily order block around $140, a zone with limited historical support.
The firm’s UTXO realized price distribution data showed minimal clustering of buy levels below this price, indicating few holders defending the range.
If SOL breaks beneath this zone, analysts warn that the 200-week simple moving average near $100 may become the next major target — a level viewed as the final significant support before deeper losses.
Bearish Momentum Strengthening
The downward pressure is amplified by weakening momentum indicators.
Solana’s relative strength index has fallen to its lowest level since April 2025, signaling deteriorating market sentiment.
As previously reported by market analysts, a sustained break below $150 opened the door to deeper declines toward $126 and potentially toward the stronger support band at $100.
While ETF inflows indicate that institutional appetite remains intact, technical signals are pointing to the possibility that the correction has not yet run its course.