- FTX/Alameda withdrew 198,426 $SOL tokens valued at $16.21 million after a month of inactivity.
- Critical support remains at $80, while the DMI indicator stands at -3.1, confirming technical weakness.
- Despite institutional liquidations, spot net flow shows aggressive defense by buyers at lower levels.
A new operational challenge faces the Solana ecosystem after it was confirmed that entities linked to FTX and Alameda Research unstaked a multi-million dollar sum. This move injects liquidity into the market at a time when the asset is struggling to maintain its bullish structure.
At the time of writing, Solana was trading near $86, following a cumulative drop of 41% over the last three months. Technically, the Spot Netflow recorded a drastic decline of 22,251%, sitting at -$8.9 million, reflecting a latent but absorbed selling pressure.
For investors, this behavior is not new, as previous unstaking events by these entities had a minimal impact on the price. However, aggressive accumulation in the spot market suggests that traders are attempting to establish a solid floor.
Market Analysis and Technical Projections
According to trend indicators, the market remains within a bearish structure, with a modified DMI that has stayed in negative territory since late March. This technical configuration warns of the possibility that the asset could visit lower levels in the short term.
If this weakness persists, Solana will likely break the $80 support to seek liquidity in the $78 zone. However, market sentiment remains divided between institutional capitulation and retail accumulation.
Despite the headwinds, the network maintains over 364 million $SOL in direct staking, demonstrating remarkable infrastructure resilience. The spot outflow volume of $141.3 million compared to $132.3 million in inflows confirms buying interest.
On the other hand, the Future Grand Trend points to a prolonged lateral consolidation phase, where the main resistance is located at $86. Breaking above this level would be fundamental to invalidating the bearish structure currently dominating the daily chart.
The network’s absorption capacity will be tested in the coming days as sell orders are processed. Recent history suggests that although volume is high, latent demand on exchanges usually mitigates the effects of these liquidations.
Solana finds itself at a technical crossroads where FTX/Alameda pressure acts as a volatility catalyst. The defense of the $80 level will determine whether the asset begins a recovery or deepens its correction toward historical support levels.
