The post Solana Spot ETFs See $2.82M Inflows Amid $31B DEX Volume Surge appeared on BitcoinEthereumNews.com.

U.S. spot crypto ETFs sent mixed signals on Feb. 5 as capital rotated unevenly across major digital assets. According to SoSoValue data, spot Bitcoin ETFs recorded $434 million in net outflows. BlackRock’s IBIT led the declines, shedding $175 million in a single session. Ethereum spot ETFs also faced pressure, logging $80.79 million in net outflows. However, Solana spot ETFs moved against the broader trend, recording $2.82 million in net inflows. Besides fund flows, network data highlighted a clear divergence. Solana processed more than $31 billion in total DEX spot volume over the past week. This activity suggested sustained user engagement despite market volatility. Consequently, traders continued to separate short-term price action from underlying network demand. Price Weakness Persists After Key Rejection However, SOL price action remained under pressure. Solana traded at $81.12, reflecting a 10.15% daily decline. The token also posted a 29.70% loss over the past seven days. With 570 million SOL in circulation, the network’s market value stood near $45.9 billion. Shah noted that SOL dropped roughly $66 within 2.5 weeks. He argued that projecting a straight-line collapse to zero misreads market structure. According to Shah, price trends rarely move linearly without pauses or volatility shifts. Hence, short-term momentum should not override established support behavior. From a technical perspective, SOL stayed locked in a sharp daily downtrend. Sellers gained control after price failed near the $148–$150 supply zone. Consequently, the break below $120 accelerated downside momentum. Price action then pushed into the $85–$83 demand range, which now serves as initial support. A daily close below $82 would likely expose $76, followed by $68. Additionally, overhead resistance remains layered between $92 and $96. Further upside barriers sit near $108 and $120, where sellers previously dominated. Long-Term Perspective Remains Contested Moreover, longer-term comparisons continue to shape market debate. Borovik pointed…

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Filed under: News - @ February 6, 2026 7:25 am