Solana ETF Inflows Hit 2.5 Month High — Why Is Price Still Subdued?

Solana (SOL) is currently trading within a consolidation range between $88 resistance and $77 support, failing to break out despite positive institutional signals. On February 25th, Solana ETFs saw $30.86 million in inflows, the highest in over two and a half months, suggesting growing institutional confidence. However, this optimism is countered by on-chain data showing caution among active investors. Over the past three weeks, about 3.9 million SOL, worth over $298 million, have moved to exchanges, indicating potential selling intent that offsets the bullish ETF momentum. Technical indicators, like the Squeeze Momentum Indicator forming an active squeeze, suggest impending volatility. For a sustained breakout above $88 toward $100, SOL needs consistent capital inflows and a reduction in exchange selling pressure.

(Source：BeInCrypto)