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8 Jun 2026, 14:57

Bitcoin ETFs Lose $1.72B in Second-Largest Weekly Outflow Since Launch

Crypto ETF flows stayed under pressure from June 1 to June 5, with bitcoin funds posting a fourth straight week of withdrawals and ether ETFs also ending firmly negative. The weakness was not uniform, however, as HYPE and XRP ETFs drew inflows while solana slipped back into redemptions. Bitcoin and Ether ETFs Lose $1.89B While

8 Jun 2026, 14:08

Solana whale returns to $26M as market downturn eats into 5-year, $337M position

A Solana staking whale, monitored by Arkham Intelligence under the entity name ‘SOL Staking Whale’, has lost most of the profits it made in a span of 5 years in the recent market crash. At the start, the whale invested about $26 million in assets. The total amount spiked to $337 million over 5 years. However, the whale profit and accumulation have tanked to about $26 million in the current market geopolitical drama. Throughout the trade journey, the whale has withdrawn SOL worth $137.67M from market gains. SOL whale loses millions amid market downturns As reported by Arkham Intelligence , the whale currently holds a total of 399,327 SOL worth around $26.46 million at present. According to Arkham’s breakdown shared on Monday, the whale took its first position when the price of the token was at a very different level compared to today. With the surge of the SOL token, driven by massive adoption of Solana in decentralized finance , NFTs, and meme coins, the position jumped 12X. SOL staking curated process by the trader. Source: Arkham via X/Twitter Instead of taking out all their positions in one go, the whale sold the shares from time to time, earning almost $137 million via gradual trading on Kraken and Binance. The trader’s present-day position stands at 399,327 SOL worth nearly $26.45 million, given the current exchange rate of around $66 per SOL. Small stakes in lesser tokens such as AISM, OZA, and other tokens bring only minimal value to the total. The approach used by the whale in staking the tokens while extracting some gains helped them de-risk the initial $26 million investment. The on-chain data tells a steady flow-out tale: about $23 million worth of SOL has been sent to exchange deposit addresses within the last four months. This is along with bulk transfers ranging from 50,000 to 120,000 SOL, shifting from staking to exchanges. $84M SOL whale transfer to Coinbase affects markets Another anonymous wallet moved 1,350,000 SOL, worth roughly $84,06 million, to Coinbase Institutional. The action, detected through on-chain tracking, comes at a time when Solana is experiencing weak prices. At the time of writing, the price of Solana was $66.09, struggling to maintain the psychologically important support level of $66. Solanas price in current marlket. Source: CoinMarketCap The exchange flow numbers further support the increased supply narrative. According to CoinGlass, the spot flows were $48.32 million and $38.76 million for inflows and outflows, respectively, resulting in a net flow of $9.56 million. However, even with this additional supply, some purchases were made by tokens that were being delivered into the network, thereby averting any sudden crash. Futures traders have also added their positions despite weak prices. The open interest on futures was up 7.87% to $4.50 billion, indicating new money flowing into futures markets and volatility expectations ahead. ETF outflows and the lingering bearish sentiment Institutional demand is displaying weakness. The fund saw net redemptions of $6.52 million last week, ending a four-week rally, a trend flagged by SoSoValue, which raised fears that continued outflows could add to downward pressure on the asset. Funding rate data supported the bearish outlook. The funding rate for Solana dipped into negative territory, reaching its lowest point since late February. The funding rate is -0.0192% (shorts pay longs) at the time of writing. The long/short ratio is noted at 0.95. As reported by Cryptopolitan , analysts still hold positive views of Solana following the recent drop. In 2026, they believe that the coin will cost no less than $55.65 on average, $139.73, and as high as $217.03. In 2029, its price can increase further, reaching an average of $419.60, up from $307.31. Finally, in 2032, its price may be from $351.97 on average to $580.21 and up to $808.45. If you're reading this, you’re already ahead. Stay there with our newsletter .

8 Jun 2026, 11:17

Solana rebounds above $65, but bearish signals still dominate

Bitcoin and the broader cryptocurrency market are having a relief rally following last week’s massive dump. Bitcoin has slightly recovered and is now trading above $63,000. Meanwhile, Solana’s SOL has climbed above $65 after shedding nearly 20% over the past week. However, Solana continues to trade under pressure amid weakening institutional inflows, deteriorating derivatives positioning, and persistent technical weakness across key indicators. Spot ETF outflows break four-week inflow streak SOL underperformed last week thanks to declining institutional demand. Spot Solana ETF products recorded a net outflow of approximately $6.52 million last week. This marks a sharp reversal from a four-week streak of positive inflows that began in early May, signaling a potential shift in institutional positioning. Analysts warn that if outflows continue or accelerate, Solana could face additional downside pressure in the near term. In addition to that, futures and derivatives markets are also signaling weakening confidence. According to CoinGlass , Solana’s funding rate has turned negative and deepened to its lowest level since February, currently sitting around -0.0165%. This indicates that short positions are paying longs, a setup that often reflects bearish sentiment in perpetual futures markets. Historically, sustained negative funding rates have coincided with extended corrective phases following brief relief rallies. However, Solana’s long-to-short ratio has climbed to 1.0129, suggesting that the bulls could be regaining control of the market. The mixed derivatives data suggest that there is indecision among Solana traders after the coin bounced back from the Saturday low of $59. Solana price forecast: Technical outlook remains fragile Similar to the other leading cryptocurrencies, the SOL/USD 4-hour chart is extremely bearish following last week’s massive decline. At press time, Solana is trading at $66, below the 50-day EMA at $81.50, 100-day EMA at $87.90, and the 200-day EMA at $104.00. This suggests that the bearish trend remains in place. Momentum signals also remain weak. However, they are showing signs of recovery on the 4-hour timeframe. The MACD continues to trend in negative territory, while the Relative Strength Index (RSI) sits near 47, indicating that Solana is now approaching the neutral zone. The oversold conditions last week were followed by short-term rebounds, which could point to reversal signals on the lower timeframes. If the bearish trend persists this week, the sellers would encounter immediate support at $60, a critical psychological and structural level. A break below this zone could open the door toward $50, deepening the broader downtrend. However, if the recovery continues, the bulls could face the first major resistance around the 50-day EMA at $81.50. A daily candle close above this level could pave the way for Solana to retest higher resistance zones at $87.90 and $104. The current market conditions suggest a relief bounce. However, the broader market structure remains weak. Continued ETF outflows and negative derivatives positioning indicate that sellers still maintain control unless Solana can reclaim key resistance levels in the coming sessions. The post Solana rebounds above $65, but bearish signals still dominate appeared first on Invezz

8 Jun 2026, 10:24

Solana Price Prediction: $89 Short Squeeze Target Builds

Solana is testing one of its last major weekly support zones after a sharp breakdown from months of range trading. At the same time, short liquidity is building near $89, creating a possible squeeze target if buyers regain control. Solana Tests Final Major Weekly Support as Bears Extend 20% Breakdown Solana (SOL) has completed a sharp breakdown from a multi-month consolidation range, falling more than 20% after losing key support. The latest move has pushed SOL into a critical weekly demand zone where bulls may face one of their most important tests of the current cycle. Solana Weekly Chart (SOL/USDT). Source: Daan Crypto Trades on X / TradingView The chart shows SOL trading inside a range between roughly $79 and $95 for more than three months. During this period, price compressed into a tight structure as buyers and sellers battled for control without establishing a clear trend. According to analyst Daan Crypto Trades, the eventual breakdown triggered the type of large move often seen after extended consolidation phases. Once SOL lost the lower boundary of the range, bearish momentum accelerated and pushed price more than 20% lower within a relatively short period. The decline has now brought Solana back to a major weekly support area near the $58-$60 region. This zone previously acted as a significant demand area and represents one of the last major support levels before lower price regions come into focus. From a technical perspective, traders are now watching whether buyers can defend this support and reclaim former resistance levels near $67 and $79. A successful recovery above those levels would improve the market structure and reduce immediate downside pressure. For now, the weekly support zone remains the key battleground. If bulls fail to hold this area, the breakdown could extend further, while a strong reaction could mark the beginning of a broader recovery attempt. Solana Shorts Cluster at $89 as Long Positioning Dries Up Solana (SOL) is showing highly imbalanced market positioning, with long exposure remaining unusually low while short liquidity continues to build above current prices. The latest liquidity heatmap suggests traders are closely watching the $89 region as a potential magnet for future price action. Solana Liquidity Heatmap (SOL). Source: Emilio Crypto Bojan on X / CoinAnk The heatmap shows SOL declining from above $95 to the low-$60 region over the past month. Throughout the selloff, long-side liquidity has gradually disappeared, leaving relatively few significant long-position clusters below the current market price. According to analyst Emilio Crypto Bojan, long exposure is now almost nonexistent. This suggests many bullish traders have already been flushed out during the recent decline, reducing the amount of downside liquidation liquidity available beneath the market. On the upside, a large concentration of short liquidity remains near the $89 level. The heatmap highlights this area as one of the strongest liquidity clusters above current price, making it a key zone traders may monitor if SOL begins to recover. From a market structure perspective, heavily one-sided positioning can sometimes create conditions for sharp countertrend moves. If buyers regain momentum, price could be drawn toward the concentrated liquidity zone where short positions may come under pressure. For now, the $89 region remains the primary level of interest. While Solana continues to trade well below that resistance area, the large buildup of short liquidity keeps attention focused on whether the market could eventually attempt a move toward that zone.