After watching the market all day, I suddenly noticed something interesting—SOL’s capital flow and technicals are aligning, and it’s worth talking about.

Let’s start with the money. Yesterday in the US, the SOL spot ETF saw a net inflow of $15.7 million in a single day—note that’s net inflow. The main buyers were established institutions like Bitwise and Fidelity. The number itself isn’t particularly huge, but the timing is quite subtle. While retail investors are still on the sidelines, these institutions with massive information resources are quietly building positions.

Now, looking at the technical side, it gets even more intriguing.

Pull up the 1-hour chart and, on the surface, it looks pretty ugly: Bollinger Bands are opening downward, MACD is flashing green (bearish), a classic bearish setup. By all accounts, most people would be running for the exits. But if you look closely at the price—it’s holding firmly above the two support levels at 132.92 and 132.07.

The current price is $132, right in this range. Although short-term indicators are weak, as if the market is gathering momentum for its next move, the price is showing clear resilience at these key levels. The fact that it can’t drop further is a signal in itself.

There are two takeaways here: first, institutional money is steadily accumulating at the bottom, putting real money to work; second, while the technicals look weak on the surface, the core support zone is holding up very well.

Of course, the market is always full of surprises. But if you ask me, this kind of “strong capital inflow + technicals holding key levels” combo usually doesn’t disappoint for long. The next month’s price action may well be decided by the battle happening right around this $132 area.