TLDR
- Solana ETFs have recorded six consecutive weeks of capital inflows, with $20 million added last week alone
- The Bitwise Solana Staking ETF holds $660 million in assets, making it the largest SOL-linked fund
- SOL is trading at $138 after hitting an 8-month low of $125, with daily volume jumping 34% to $6.97 billion
- Technical indicators show a “full liquidity reset” phase, with the Realized Profit-to-Loss Ratio staying below 1 since mid-November
- Analysts suggest SOL needs to break above $160 to confirm a bullish trend reversal
Solana is showing signs of life after a challenging month. The token traded at $138 on December 10, marking a 5% gain in 24 hours.
Trading volume has increased to $6.97 billion in the last day. This represents a 34% jump from previous levels.
The token recently hit an 8-month low around $125. Since then, it has found support at the $130 level.
Investment products tracking Solana have seen steady interest. Six straight weeks of inflows have brought fresh capital into SOL-linked ETFs.
Last week alone saw $20 million flow into these funds. The Bitwise Solana Staking ETF currently holds $660 million in assets under management.
🚨ETF DATA: @Solana spot ETFs recorded $19.2M in net inflows over the past week, bringing cumulative inflows to $638M, and @BitwiseInvest's BSOL led the pack with $55.1M in inflows, more than all other Solana ETFs combined. pic.twitter.com/XMwBK94HFz
— SolanaFloor (@SolanaFloor) December 8, 2025
Grayscale’s Solana Trust ETF follows with nearly $160 million in assets. These staking-based products offer passive income opportunities for investors.
ETF Activity Provides Foundation
The consistent ETF inflows come at a time when the token has dropped 17% over the past month. SOL has traded in a range between $128 and $145 over the last week.
CoinGlass data shows Solana derivatives volume rising 23% to $18 billion. Open interest moved 2.3% higher to $7.25 billion.
When open interest climbs during quiet price action, it often indicates traders are building positions. This pattern typically appears before market shifts.
Market Reset Could Signal New Cycle
Glassnode reported that Solana’s Realized Profit-to-Loss Ratio has stayed below 1 since mid-November. This means more traders have been closing losing positions than winning ones.
Liquidity can be assessed through several measures, including the Realized Profit-to-Loss Ratio (30D-SMA).
For Solana, this ratio has traded below 1 since mid-November, meaning realized losses now exceed realized profits. This signals that liquidity has contracted back to levels… https://t.co/KWA67kkGLm pic.twitter.com/cZELe5xzdD— glassnode (@glassnode) December 10, 2025
Analysts at Altcoin Vector describe this as a “full liquidity reset.” These phases typically occur at market bottoms before new cycles begin.
During reset periods, forced selling slows down and weak hands exit the market. When liquidity returns, price movements often accelerate quickly.
The analysts pointed to early January for a possible shift. However, they noted it could happen sooner.
The Breakpoint 2025 Conference runs from December 11 to 13. The event may bring announcements about real-world assets and new partnerships.
Solana is trading above the lower Bollinger Band at $135 on the daily chart. The token is moving back toward the middle band at $145.
The relative strength index sits at a neutral 48. The MACD indicator is starting to turn positive.
Short-term moving averages like the 10-day and 20-day provide support below the current price. A close above $145 would open a path toward $160.
Historical data shows SOL needs trading volumes above $10 billion to generate strong momentum. Current volumes remain at $4 billion, accounting for less than 6% of circulating market cap.
A break above $160 would reverse the downtrend and confirm a bullish outlook. The next target after that would be $200.
