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Coinpaper 2026-02-02 13:23:10

Solana Drops Below $105 as Crypto Funds See $1.7B Weekly Outflows

A sharp shift in digital asset flows has underscored a clear change in investor behavior, as capital continues to exit crypto investment products. Recent data points to growing caution across regions and assets, reflecting macro pressure and weakening risk appetite. According to a weekly update from CoinShares , digital asset investment products recorded a second straight week of outflows totaling $1.7 billion. Consequently, year-to-date flows have turned negative, now standing at a $1 billion global outflow. This reversal marks a notable deterioration in sentiment after months of steady inflows. Moreover, total assets under management have fallen by $73 billion since price peaks in October 2025. Investor Sentiment Weakens Across Regions Several overlapping forces appear to drive the drawdown. Besides ongoing whale distribution linked to the four-year market cycle, investors are adjusting to a more hawkish US Federal Reserve leadership. Additionally, heightened geopolitical uncertainty has reduced appetite for volatile assets. Hence, capital has moved toward defensive positions and away from crypto exposure. Regionally, the United States led the pullback with $1.65 billion in weekly outflows. Canada and Sweden followed with outflows of $37.3 million and $18.9 million. However, Europe showed limited resilience. Switzerland recorded modest inflows of $11.0 million, while Germany added $4.3 million. These figures suggest selective positioning rather than broad-based confidence. Bitcoin, Ethereum, and Solana See Consistent Outflows Negative sentiment spread across major assets. Bitcoin products saw $1.32 billion in outflows, reinforcing defensive positioning. Ethereum followed with $308 million in redemptions. Significantly, recent market favorites also lost traction. XRP and Solana posted outflows of $43.7 million and $31.7 million. However, short Bitcoin products attracted $14.5 million in inflows. Their assets under management have risen 8.1% year-to-date. This trend suggests traders increasingly hedge downside risk rather than chase upside exposure. Meanwhile, niche Hype investment products added $15.5 million. On-chain demand for tokenized precious metals supported this inflow. Solana Price Tests Key Technical Levels Solana price action reflects the broader risk-off tone. SOL trades at $102.91 after a 15.90% weekly decline . Additionally, price remains below former support levels. Market analyst Crypto Tony has outlined a clear decision zone. He continues to monitor $107 as a pivotal level. Acceptance above $107 could target $112 and $118. However, rejection would likely extend losses toward $98 and possibly $95.

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