Solana Reclaims $120 on Oct. 4 After Record $188 Million U.S. Spot ETF Inflows Keep $125 in Focus
AI Market Summary
SOL has reclaimed the $120 level as U.S. spot Solana ETFs recorded a weekly net inflow record of $188M, with broad participation across all seven products and Bitwise's BSOL leading. The flow data supports a constructive near-term demand narrative, reinforcing bullish daily momentum indicators. However, price remains capped below a dense $122.57–$125 resistance band, and reported turnover has not provided clear breakout-volume confirmation.
Impact level
● Medium
Affected assets
SOL/USDT+0.95%
AI Insight · SOL/USDTAI Insight
▲ Bullish
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Solana rose back above $120 on Oct. 4, trading at $120.96. Over the prior week, U.S. spot Solana ETFs posted a record $188 million of net inflows, led by Bitwise’s BSOL with about $128 million, or 68% of the total, CoinDesk reported. Friday alone saw a new daily record of $87 million in net inflows. Technically, SOL is still below a dense resistance zone from $122.57 to $125, and a clean break depends on whether bullish momentum holds.
