[Coin World] Solana has once again broken through the $125 mark, and this wave of rise is still continuing. This past week has been quite interesting — institutional funds have poured in $66.55 million into the U.S. spot ETF, marking the highest amount since December. From market data, the demand from Large Investors in the spot area remains very strong.
However, interestingly, the situation on the derivatives side has calmed down instead. The leverage ratio is decreasing, which indicates that the market is not following the trend to increase leverage. From a technical perspective, SOL has maintained the 200-week moving average, with 121 dollars becoming a very strong support level. Various indicators are releasing positive signals, and selling pressure has明显减弱. If this momentum can be sustained, the rebound potential may reach 166 dollars.
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SOL breaks through the $125 mark, Spot ETF institutional funds hit a monthly high.
[Coin World] Solana has once again broken through the $125 mark, and this wave of rise is still continuing. This past week has been quite interesting — institutional funds have poured in $66.55 million into the U.S. spot ETF, marking the highest amount since December. From market data, the demand from Large Investors in the spot area remains very strong.
However, interestingly, the situation on the derivatives side has calmed down instead. The leverage ratio is decreasing, which indicates that the market is not following the trend to increase leverage. From a technical perspective, SOL has maintained the 200-week moving average, with 121 dollars becoming a very strong support level. Various indicators are releasing positive signals, and selling pressure has明显减弱. If this momentum can be sustained, the rebound potential may reach 166 dollars.