Solana Falls Below $107 as Spot ETFs Bleed $25.52M in a Week

Solana has slipped below the $107 support level, leaving the fifth-largest cryptocurrency caught between weakening institutional demand and heavier spot selling, ZyCrypto reported. The token was hovering near $95 on Monday, Oct. 19, 2026, after a 5.81% decline over the previous week.

Two separate datasets described by ZyCrypto point to the same shift. U.S. spot Solana ETFs recorded $25.52 million in net outflows in the week ending Oct. 16, following $24.81 million the week before — two consecutive weeks of withdrawals. Separately, CryptoQuant analysts found that spot selling volume had overtaken spot buying volume for the first time in more than six months.

Key facts

• Solana traded around $95 on Monday, Oct. 19, 2026, down 5.81% week over week.
• U.S. spot Solana ETFs saw $25.52 million in net outflows in the week ending Oct. 16, 2026.
• The prior week recorded $24.81 million in net outflows, marking two straight weeks of withdrawals.
• CryptoQuant data showed spot selling volume exceeding spot buying volume for the first time in over six months.
• Analysts flagged the $107 zone as the level that could decide whether SOL falls further or resumes its recovery.

ETF demand weakens in October

The outflow figures come from analysis published by Sovereign Yield, which attributed the pressure to a slowdown in institutional appetite for SOL during October. The analyst described Solana as trapped below its critical support region of $107 and warned of volatility ahead for holders.

The comparison matters because ETF inflows had previously been part of what supported SOL’s price gains. With that bid now reversing, the balance of buyers in the market has thinned, and the analyst said institutional buying appetite that had propped up prices has weakened significantly.

Spot sellers take the lead

CryptoQuant’s spot volume analysis adds a second pressure point. Its volume bubble map pointed to fading buying interest, rising caution among traders and a tilt toward risk-off positioning, according to ZyCrypto. The crossover from net buying to net selling is the first in more than six months, a reversal that signals a change in sentiment rather than a single day’s noise.

Taken together, the two metrics describe a market where both institutional and retail-side demand have cooled at the same time. ZyCrypto reported that bearish signals have increased sharply and that concerns about a deeper correction have grown alongside them.

Why it matters

Solana sits below a level analysts treat as a line between continued weakness and a renewed recovery, so the next move in price is likely to be read as confirmation of one trend or the other. For ETF investors, two weeks of withdrawals mark the first sustained period of negative flows in the October data, which changes the demand picture that had supported SOL earlier. For traders, the shift from net spot buying to net selling removes a cushion that had absorbed sell orders. Neither dataset measures price direction directly, but both describe a thinner base of buyers than the market carried through the prior six months.

What to watch

The immediate question is whether Solana can reclaim the $107 zone. Analysts cited by ZyCrypto said continued selling pressure could push SOL below $100 in the near term, making weekly ETF flow totals and the CryptoQuant spot buy-versus-sell balance the two figures worth tracking next.

This article is not financial advice. Cryptocurrency markets are volatile and prices can move sharply in either direction.

Disclaimer: This article is for information only and is not investment, financial or trading advice. Cryptocurrency prices are highly volatile. Always do your own research.

Source: ZyCrypto