BEARISH 📉 : Solana ETF Inflows Contrast Weak Price Action and Market Downtrend

Solana (SOL) is attracting selective investor interest despite a challenging crypto market environment. While overall sentiment is pressured by declining token prices, fund flow data and on-chain activity indicate sustained involvement in the Solana ecosystem.

Solana ETF Inflows Amid Broader Outflows

On February 5, Solana spot ETFs recorded net inflows of $2.82 million, contrasting with Bitcoin's $434 million and Ethereum's $80.8 million in outflows.
Sustained user engagement: Solana processed over $31 billion in decentralized exchange (DEX) spot volume last week.

Price Pressure and Bearish Market Structure

SOL price fell over 30% in the past week, trading as low as $67-$68 before rebounding to $80.
Technical indicators show bearish momentum with declining futures participation and negative funding rates.
Key support levels are identified at $82 and $76, with $60 as a potential downside risk.

Institutional Interest Persists

Corporate treasury initiatives and partnerships in Asia highlight ongoing experimentation with Solana's infrastructure.
The $2.82 million ETF inflow signals continued institutional interest despite broader market stress.

Currently, SOL faces weak short-term momentum but retains pockets of institutional and network strength.