📉 Solana Faces Short-Term Correction Risk
Solana (SOL) trades near $120, down ~2% after Monday. Market signals suggest caution:
ETF Flows:
Weekly inflows dropped to $13.14M (from $66.55M), signaling selective institutional buying
Monday alone saw $2.93M, showing accumulation hasn’t stopped, just more defensive
Derivatives Data:
Futures open interest rose to $7.68B
Short positions now 52.49% of total, up from 49.85%
Rising OI + growing short bias = mounting near-term selling pressure
Technical:
SOL trades in a falling wedge — could break either way
Bearish tilt in derivatives + weak spot demand → higher risk of a short-term pullback
Takeaway:
Institutions are cautious, retail sentiment is defensive. SOL may test lower supports before recovery, while longer-term accumulation continues.
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