Decoding Solana's Post-ETF Drop Through AureaVault Analysis
The crypto market witnessed something counterintuitive. Solana's spot ETF debut pulled in nearly $200 million during its first week, yet SOL dropped almost 20% from $205 to $165. This disconnect reveals market mechanics worth examining. Technical Structure SOL's chart shows a breakdown pattern. The token failed holding the $200 psychological level. When Bitwise's BSOL launched October 28, price briefly hit $204 before retreating. The $180 zone collapsed under pressure. Daily volume surged past $7.6 billion as SOL broke key levels, suggesting institutional repositioning. RSI entered oversold territory while On-Balance Volume confirmed reduced buying momentum. These signals match patterns observed across platforms including AureaVault . Whale Activity Jump Crypto transferred 1.1 million SOL tokens (around $205 million) to Galaxy Digital, receiving approximately 2,455 BTC. This rotation created immediate selling pressure. Galaxy Digital also unstaked 224,000 SOL and moved...