In a move that defies the general bearish trend of the market, investment products recorded massive Solana ETF inflows totaling 510 million dollars recently. According to data reported by the analytics platform SoSoValue, this flow of institutional capital occurs precisely while Bitcoin faces significant outflows, marking a clear and notable divergence in the risk appetite of large traditional investors.
The traditional financial market has demonstrated a voracious interest in this asset, amplifying demand following the introduction of four new exchange-traded fund offerings during the last trading period. In fact, inflows doubled surpassing 128 million dollars last week, evidencing a strategic accumulation by major financial players. On the other hand, this positive scenario contrasts sharply with the performance of Bitcoin funds, which suffered their third heaviest outflow since their launch, losing approximately 1.22 billion dollars in capital.
This behavior suggests that holders of SOL-based products are not seeking hedging against volatility, despite fear and uncertainty regarding future interest rates. Likewise, although the quote remains in a similar technical position below 130 dollars, the asset is circumventing the typical role of safeguard against volatility that Bitcoin usually plays. This dynamic reflects that real adoption and investor commitment are driving the resilience of the asset against severe corrections in the general market.
Are institutions anticipating a massive rally in the SOL price?
Smart money seems to be moving tactically, choosing to accumulate SOL over the main market coin, which could indicate that the altcoin season still has a long way to go. From a technical perspective, the price converges at the apex of a descending triangle, formed along a proven support level in the 120 dollar zone. Additionally, key momentum indicators like the RSI suggest a potential local bottom, while the MACD shows early signs of an imminent trend shift to the upside in the short term.
If a decisive bounce occurs from the current demand zone, the key breakout threshold to watch is located at the historical resistance of 205 dollars. With this level consolidated as firm support, a complete breakout of the technical triangle could project a potential target of 500 dollars, representing a 290% gain for investors. Finally, as the bull market matures and long-term institutional accumulation continues through blockchain technology, the price could even seek the psychological mark of 1,000 dollars.
