Solana (SOL) has plummeted to a 10-month low, trading at $96.43, as the cryptocurrency market faces significant volatility. This decline aligns with substantial outflows from digital asset investment products, with Solana experiencing $31.7 million in net outflows last week, marking its first weekly outflow in three weeks. The broader market turmoil saw Bitcoin fall below $75,000, contributing to over $2.5 billion in liquidations within 24 hours. The crypto market's downturn coincides with a sharp increase in capital exit from digital asset investment products, as reported by CoinShares. The sector recorded a second consecutive week of outflows, totaling over $1.7 billion, reversing year-to-date inflows. CoinShares' head of research, James Butterfill, attributes the outflows to factors such as a more hawkish US Federal Reserve Chair and geopolitical volatility, signaling a deterioration in investor sentiment.