When ETF funds quietly enter the market, smart money has already lit the torch in the darkness — but don't forget, the torch may also illuminate a cliff!
Tycoon says about SOL: ETF inflows look impressive, but the technicals are still mired in struggle.
BlockBeats released a major message this morning: According to Farside Investors' monitoring, yesterday (July 18), the net inflow of REX-Osprey SOL spot ETF was $11.4 million, bringing the cumulative net inflow up to $92.8 million. Although this amount isn't huge, it’s like a fresh stream during the rainy season — institutions are counter-cyclical in accumulating assets during the downturn, proving that long-term players are seizing the opportunity to position themselves. As an authoritative data source, Farside's signal undoubtedly drops a confidence bomb on the sluggish market. It’s worth noting that ETF funds have always been a barometer: when inflows accelerate, they often help stabilize token prices, but in a bear market, they can also be a 'slow knife', leading to a gradual decline rather than a reversal.
Technically, SOL’s 1-hour candlestick chart is still showing strange patterns. The price is hovering around $176.5, with resistance at $178.4 (Fibonacci 23.6% resistance level) pressing down like a giant hammer, and $174.4 (38.2% support level) as the last line of defense below. The MACD histogram is hovering underwater, with bearish momentum not dissipating; the moving average system shows a death cross formation, constraining rebound space like a noose. The contradiction is evident: the news is bringing a warm breeze, while the technicals are blowing cold air — this is reminiscent of the situation in May when ETF funds flowed against the market for Bitcoin, leading to a brief warm-up, but a rebound ultimately required a technical breakthrough.
Tycoon’s View:
Standing at this point in mid-2025, I hold a cautiously neutral attitude towards the future of SOL. On the positive side, the continuous inflow of ETF funds is a strong endorsement, combined with SOL's ecosystem TVL consistently ranking in the top 3, indicating that the fundamentals have not collapsed and the probability of a crash is low. However, the technical stalemate suggests a difficult short-term breakthrough: if support breaks (below $174), it may slide towards the $170-$172 range to find a bottom; only if resistance is overcome (above $178) can we expect to ignite a rebound. Macroeconomically, the sentiment in the cryptocurrency market remains as fragile as thin ice — without new favorable catalysts, SOL is likely to continue weak oscillation. Remember, institutional entry does not equal an immediate reversal; patience is key.
"The tug-of-war around $174 is the best plot of the day! Want a deep insight into the flow of funds and the scripts of the big players? Follow me, tonight I will break down the hidden trend codes behind Farside data!"#sol #山寨币突破
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