After five consecutive weeks of withdrawals, digital asset investment products roared back to life with a decisive $1 billion in fresh inflows. The sharp turnaround signals a shift in investor sentiment as buyers step in following recent market weakness.
Bitcoin Drives the Recovery
According to Coinshares data, Bitcoin absorbed $881 million of last week’s inflows, accounting for the overwhelming share of new capital. Investors appeared eager to capitalize on lower price levels after recent technical breakdowns. Moreover, large Bitcoin holders resumed accumulation, reinforcing confidence among institutional players.
However, short Bitcoin products still recorded $3.7 million in inflows. This detail highlights that traders remain divided on near-term direction. Despite last week’s strength, both Bitcoin and Ethereum remain in net outflow territory for the year. Hence, the broader trend still requires sustained follow-through buying.
Regionally, the United States dominated activity with $957 million in inflows. Additionally, Canada, Germany, and Switzerland posted solid gains. This near-universal participation suggests improving global risk appetite rather than isolated regional demand.
Ethereum and Altcoins Attract Attention
Ethereum brought in $117 million, marking its strongest weekly inflow since mid-January. Besides Bitcoin, this represented the most notable institutional allocation shift. Still, Ethereum continues to sit in negative territory year to date.
Altcoins showed selective strength. Solana attracted $53.8 million last week and has accumulated $156 million in inflows this year. Chainlink added a modest $3.4 million, with no significant outflows reported elsewhere. Consequently, investors appear increasingly willing to diversify beyond Bitcoin.
Solana Price Action and Key Levels
Solana trades at $87.33, posting a 5.92% daily gain and an 11.70% weekly increase. Trading volume exceeds $6 billion, reflecting heightened activity. The token recently rallied from a low near $76.80 and printed a higher high around $88.20.
Source: X
Crypto Tony notes that SOL now consolidateswithin a defined range. Resistance stands between $88.20 and $89.00, with stronger pressure near $91.50. Meanwhile, support rests at $82.00, with deeper backing near $76.80.
Repeated rejections near $88 suggest sellers defend that zone aggressively. However, momentum remains constructive while price holds above $82.00. Traders may consider short positions on confirmed rejection near $88.20. Alternatively, a bounce from $82.00 could offer a renewed long entry.
