Solana ETFs experienced consistent net inflows throughout July, signaling growing institutional demand despite Solana's (SOL) price remaining subdued around $73. The upcoming 'Alpenglow' upgrade, expected by the end of August, aims to significantly reduce transaction finality times, potentially boosting Solana's appeal for decentralized finance and high-frequency trading applications. Meanwhile, network activity hit record highs with increased transactions and new token launches, supporting the view that demand is driven by real usage rather than speculation. Morgan Stanley's approval for a spot Solana fund further indicates expanding regulated exposure, which could broaden the investor base as the upgrade approaches.
Solana's price remains stable around $70 even as large Bitfinex whales close significant long positions, causing heavy long liquidations. This deleveraging may clear excess risk, potentially setting up a bullish recovery if spot demand improves. Howe...
Data from CoinGlass shows a significant decline in the number of Ethereum long-holding accounts in USDT-margined futures, indicating traders are reducing their bullish exposure despite stable overall long positions by size. This suggests a shift in r...
Solana (SOL) is trading around $73 but remains below important resistance levels at its 100-day and 200-day moving averages, indicating weak bullish momentum. The price is consolidating in a narrow range with neutral market indicators like the RSI ne...
XRP faces resistance near $1.09-$1.20 with weak momentum and low volume, indicating uncertain direction. Bitcoin consolidates around $63,000 below key moving averages, showing no clear trend reversal yet. Cardano rallies nearly 9%, breaking above sho...
Cryptocurrency markets showed mixed performance with Bitcoin and Ethereum prices slightly declining while several major altcoins like XRP, BNB, Solana, and Dogecoin posted gains. The total market capitalization remained steady around $2.16 trillion, ...
