On January 21, it was reported that in early 2026, amid a sharp correction in global risk assets, Solana (SOL) demonstrated rare relative strength at the institutional funding level. Although SOL’s price recently retreated from its highs and the short-term expectation of breaking through $150 was shattered, the flow of funds and on-chain data sent signals that were inconsistent with the price trend.
In the context of increasing macro uncertainty, a significant plunge in global stock markets, and a single-day evaporation of over $120 billion in total cryptocurrency market capitalization, Solana spot ETFs recorded a net inflow of approximately $3.08 million. This performance stood in stark contrast to Bitcoin, which experienced about $483 million in outflows on the same day, and Ethereum-related products also faced capital withdrawals. During this risk-averse phase, SOL still attracted capital and is regarded as one of the few crypto assets with “counter-trend” capital attraction characteristics.
On-chain data further confirms this resilience. Despite the overall market sentiment being weak, the number of new addresses on the Solana network remained stable. About 8.6 million new addresses were added on Monday, and approximately 8.4 million on Tuesday, only a slight decrease of 2.38%. This indicator generally reflects genuine usage demand and potential user base rather than short-term speculative behavior, thus serving as an important medium- to long-term support for the price.
Price-wise, SOL is currently oscillating around $127, having retraced approximately 12.8% this week. However, the $125 level is forming a key support zone. Buying interest is gradually absorbing selling pressure in this area, temporarily preventing further declines. If the price can re-establish above $132, it is expected to rebound to $136 and recover some of the losses; conversely, if it falls below $125, the market may test the next support level around $119.
In the current volatile environment, the inflow of funds into Solana ETFs, stable network activity, and relative strength outperforming Bitcoin and Ethereum make SOL one of the most closely watched assets in the January 2026 crypto market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Steak 'n Shake Credits Bitcoin Payments as Same-Store Sales Rise ‘Dramatically’
Steak ‘n Shake is leaning deeper into bitcoin, tying customer payments, employee bonuses, and a growing BTC treasury into a strategy the company says is boosting sales and reshaping its financial model.
Steak ‘n Shake Expands Burger-to- Bitcoin Strategy
Growing corporate experimentation with bitc
Coinpedia18m ago
Metaplanet Lines Up $255M in Funding As It Pursues 210,000 BTC
Metaplanet said Monday that it has secured roughly $255 million from global institutional investors through a third-party private placement, a fresh infusion meant to accelerate the company’s aggressive plan to amass 210,000 bitcoins.
The capital raise consists of newly issued shares sold at a
BlockChainReporter22m ago
Bitcoin Nears $75K as Trader Says BTC Price Squeeze Changes Nothing
Bitcoin extended a cautious rally at the start of the week, touching six-week highs as U.S. equities opened higher on signs of easing geopolitical tensions surrounding Iran. The move came alongside firmer price action
CryptoBreaking32m ago
Bitcoin Eyes Key Support Reclaim as Weekly Close Tops $70K
Bitcoin edged toward a pivotal weekly finish, with traders watching a potential close above the $70,000 mark that would also reclaim a critical long-term indicator. The setup sits at a crossroads as macro risk remains in play and buyers test a sequence of technical levels that have defined the
CryptoBreaking37m ago
Bitwise CIO: Bitcoin ETF experienced less than $10 billion in net outflows during the 50% retracement
Bitwise Chief Investment Officer Matt Hougan predicts that Bitcoin spot ETFs will accumulate net inflows of approximately $60 billion from January 2024 to October 2025. Despite Bitcoin's price declining by approximately 50%, ETF net outflows will be less than $10 billion, demonstrating that institutional investors are maintaining their positions. Hougan believes that as a non-consensus asset, Bitcoin investment requires high conviction, and capital demonstrates greater "stickiness" amid volatility. He expects Bitcoin could potentially rise to $1 million within 10 years.
GateNews46m ago
Today's US cryptocurrency ETF net inflows: BTC 2227, ETH 11681, SOL 88561
Gate News Update: On March 16, according to Lookonchain monitoring, today's cryptocurrency ETF capital inflows in the United States are as follows: Bitcoin ETF net inflow of 2227 BTC, Ethereum ETF net inflow of 11681 ETH, Solana ETF net inflow of 88561 SOL.
GateNews55m ago
