Solana's price fell over 8% on Monday, even as U.S. ETFs reported $421 million in weekly inflows. Despite the influx, whale investors continued to accumulate SOL, indicating confidence in the asset's long-term potential. However, technical indicators such as a declining On-Balance Volume (OBV) and a Money Flow Index (MFI) below 50 suggest ongoing selling pressure.
In contrast, Bitcoin experienced $946 million in outflows, highlighting a shift in investor focus. The divergence in fund flows between Solana and Bitcoin underscores differing market dynamics and investor sentiment within the cryptocurrency space.
Solana Drops 8% Despite $421M ETF Inflows and Whale Accumulation
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
