The cryptocurrency market is exhibiting a strong bearish sentiment, with traders expressing concerns over potential selling pressure. Discussions are focusing on downside targets as low as $92,000, with some even considering a complete market collapse. Key resistance levels for September are noted at approximately $120,000, with immediate targets around $105,000. There is notable division over the effectiveness of the Trump administration's cryptocurrency policies. In a separate development, the announcement of a SOL staking ETF has led to immediate long positions, as traders capitalized on a sharp price increase to $160, peaking at $164. This news-driven surge prompted quick profit-taking strategies, with positions being closed rapidly rather than held for further gains. The dynamics between SOL and ETH ETF fund flows have created intriguing arbitrage opportunities, with SOL outperforming traditional cryptocurrencies due to institutional product announcements.