Bitcoin ETFs Face $19.29 Million Net Outflows for Seven Consecutive Days
- Intensified Institutional Selling: As of December 29, Bitcoin spot ETFs recorded net outflows of $19.29 million for seven consecutive days, reflecting the pressure on institutional investors to rebalance portfolios and engage in tax-loss harvesting at year-end, leading to decreased market liquidity.
- Fidelity's Strong Performance: Fidelity's FBTC emerged as the only major fund attracting capital with $5.7 million in inflows, bringing its cumulative total to $12.1 billion, demonstrating relative resilience amid market turbulence.
- Mixed Performance of Other ETFs: Invesco and Galaxy Digital's BTCO ETF experienced the largest single-day outflow of $10.4 million, although it maintains a historical total inflow of $205 million, indicating waning investor confidence in larger-cap assets.
- Market Outlook Analysis: Despite the outflow pressures on Bitcoin ETFs, they have generated $57.7 billion in cumulative net inflows since their January 2024 debut, with market participants expecting liquidity to normalize when institutional trading resumes full capacity in early 2026.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 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 stock.
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 | 30.854 | 49.177 | 70.044 | 88.367 | 109.234 | 127.557 | 148.424 |
| Fibonacci | 49.177 | 64.148 | 73.396 | 88.367 | 103.338 | 112.586 | 127.557 |
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