SOL slips below $70 as price weakness persists amid rising institutional interest

Share

Solana has dropped below $70 on Friday, extending its losing streak to four consecutive days. Despite continued price weakness, underlying market signals show a divergence between growing institutional engagement and mixed retail sentiment, creating a complex outlook for the token. Institutional demand builds through ETF inflows and new filings Institutional interest in Solana continues to strengthen even as price action weakens. Data shows SOL-focused Exchange-Traded Funds (ETFs) recorded $2.99 million in inflows on Thursday, bringing weekly inflows to $7.11 million. While monthly flows remain slightly negative at around $2.00 million, sustained inflows could push the category back into positive territory and extend a streak of eight consecutive months of net inflows.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles