Bitcoin and the broader cryptocurrency market are having a relief rally following last week’s massive dump. Bitcoin has slightly recovered and is now trading above $63,000. Meanwhile, Solana’s SOL has climbed above $65 after shedding nearly 20% over the past week. However, Solana continues to trade under pressure amid weakening institutional inflows, deteriorating derivatives positioning, and persistent technical weakness across key indicators. Spot ETF outflows break four-week inflow streak SOL underperformed last week thanks to declining institutional demand. Spot Solana ETF products recorded a net outflow of approximately $6.52 million last week. This marks a sharp reversal from a four-week streak of positive inflows that began in early May, signaling a potential shift in institutional positioning.
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