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
Bitcoin Death Cross Flashes: Is Final Capitulation Near?
_Bitcoin’s 3-day death cross has printed again. History shows a final 45–52% crash followed every past signal before a new bull market began._
A technical signal that has appeared at the darkest point of every major Bitcoin bear market just printed again. The 50 and 200 simple moving averages
LiveBTCNews17m ago
Nakamoto Inc. Sold 284 Bitcoin in March for $20 Million, 10-K Shows
Nakamoto Inc. disclosed it sold 284 BTC in March 2026 for $20 million, significantly lower than its 2025 acquisition price of $118,171 per coin. This sale reflects the company's dynamic approach to managing its Bitcoin reserves amidst market fluctuations.
CryptoNewsFlash32m ago
Nakamoto stock hits a new low after selling out 20 million USD worth of Bitcoin
Nakamoto's stock (NAKA) hit a record low after the company sold around $20 million in Bitcoin. This sale pressured the stock price amid market sensitivity to companies reducing their BTC holdings, raising concerns over asset management strategies.
TapChiBitcoin45m ago
In the past 24 hours, the entire network experienced liquidations totaling $306 million, with over 60% of the liquidations involving long positions.
Gate News, on March 31, within the past 24 hours, the total liquidation amount across the cryptocurrency market reached $306 million, including $188 million liquidated from long positions and $118 million liquidated from short positions. By coin type, BTC recorded a liquidation amount of $123 million, and ETH had $91.1157 million liquidated. In the past 24 hours, a total of 75,507 people were liquidated; the largest single liquidation occurred on a certain CEX for the ETH-USDT trading pair, valued at $11.7556 million.
GateNews51m ago
Nakamoto Shares Hit New Low After Bitcoin Treasury Firm Sells Off BTC
In brief
Bitcoin treasury firm Nakamoto (NAKA) sold around $20 million in BTC.
The firm still holds 5,342 Bitcoin, but is down an estimated $275 million on those holdings given its average weighted purchase price above $118,000.
Shares in the firm reached a new all-time low on Tuesday, do
Decrypt52m ago
