Solana Reclaims $120, ETF Inflows Push $125 Back Into Focus

AI Market Summary

SOL reclaimed $120 amid record U.S. spot Solana ETF demand, with weekly net inflows of $188m led by Bitwise's BSOL at ~$128m and a one-day record $87m. The flow intensity signals strong institutional allocation and can tighten spot liquidity, supporting near-term momentum. Technically, SOL remains capped by a dense $122.57–$125 resistance band, making follow-through buying the key variable.

Impact level

● High

Affected assets

SOL/USDT+1.57%

AI Insight · SOL/USDTAI Insight

▲ Bullish

Trade now

⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.

Solana (SOL) moved back above $120 on Oct. 4, last trading at $120.96. Over the prior week, U.S. spot Solana ETFs posted record net inflows of $188 million, led by Bitwise's BSOL with roughly $128 million, or 68% of the total. Friday's net inflow alone reached $87 million, a new all-time high. On the technical side, SOL remains below a heavy resistance band from $122.57 to $125. A sustained break through that zone will depend on whether bullish momentum holds.

Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.

Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.