Bitcoin ETFs Experience Sixth Week of Outflows
- Bitcoin ETF Outflows: As of June 18, U.S. spot Bitcoin ETFs experienced a net outflow of approximately $227 million in the week, marking the lightest weekly drain since mid-May, while the rolling 30-day net outflow reached a record $6.35 billion, indicating a persistent decline in investor confidence.
- Rival Inflows: In contrast, rival ETFs such as XRP, Solana, and Hyperliquid attracted fresh capital during the same week, with XRP ETFs pulling in $10.66 million, Solana products gaining $7.11 million, and Hyperliquid leading with $27.95 million, reflecting growing interest in these alternative assets despite overall price declines.
- Long-Term Holder Confidence: Galaxy Research indicates that Bitcoin held by long-term owners, defined as wallets active for over 155 days, has reached a record 16.64 million coins, accounting for about 83% of the circulating supply, suggesting that while funds are exiting, long-term investors remain confident in Bitcoin's value.
- XRP Fund Performance: Since launching in mid-November, XRP ETFs have rapidly surpassed $1 billion in total assets, the fastest growth for any token, and despite XRP's price drop from above $3 to around $1.14, these ETFs have maintained relatively stable inflows, making them a standout in the current market landscape.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 57.929 | 62.435 | 67.079 | 71.585 | 76.229 | 80.735 | 85.379 |
| Fibonacci | 62.435 | 65.93 | 68.089 | 71.585 | 75.08 | 77.239 | 80.735 |
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