Solana’s price extended its sharp decline this week, hitting a five-month low even as spot Solana exchange-traded funds (ETFs) continue to attract steady inflows. Analysts warn that a drop toward the $100 level is becoming increasingly likely after SOL lost multiple key support zones.SOL ETFs Extend Inflows but Momentum WeakensSpot Solana (SOL) ETFs recorded their thirteenth consecutive day of inflows on Thursday, highlighting continued institutional demand for the network’s native token.According to SoSoValue, Solana ETFs added $1.49 million during the session, bringing cumulative inflows to $370 million and total assets above $533 million.The Bitwise Solana ETF (BSOL) was the only product to record inflows on the day, marking the weakest session for Solana ETFs since launching on Oct. 28.The softening momentum reflected broader market stress. Spot Bitcoin ETFs saw $866 million in outflows on Thursday — the second-worst day since launch — while spot Ether ETFs recorded $259.2 million in outflows, reducing cumulative inflows to $13.3 billion.SOL Price Breaks Multi-Year UptrendDespite the persistent ETF demand, Solana’s price action deteriorated rapidly. SOL has dropped more than 34% over the past two weeks, falling to $142 on Friday, its lowest level since June 23.The decline pushed Solana below its 100-week simple moving average (SMA) and broke the multi-year uptrend that began in January 2023. Analysts now view the $95 region — the yearly low — as the next major support.Glassnode data shows the network’s daily order block around $140 offers limited protection. The UTXO realized price distribution (URPD) indicates weak buyer clustering below this level, suggesting few holders are defending the range.If SOL loses the $140 zone decisively, traders expect a move toward the 200-week SMA near $100, widely considered the “last line of defense.”Momentum Indicators Signal Further WeaknessSolana’s relative strength index (RSI) has fallen to its lowest reading since April 2025, reinforcing the bearish trend.As previously reported, a clean break below $150 opened downside targets at $126 and then $100.With ETF inflows slowing, macro pressure rising and key technical supports failing, analysts warn that Solana may face additional selling before a sustainable recovery can form.

Key TakeawaysBitcoin drops to a six-month low as weakness in AI and tech stocks triggers broad risk-off sentiment.Spot Bitcoin ETF outflows and selling from a long-term 2011 wallet added downside pressure.Derivatives show muted demand for bullish leverage, but whales at major exchanges bought the dip.Bitcoin fell to a six-month low of $94,590 on Friday, extending an 11% weekly decline as the broader tech sell-off spilled into crypto markets. The downturn came as AI-related stocks suffered sharp drawdowns, reducing overall risk appetite and limiting demand for leveraged long exposure.The move erased $900 million in BTC leveraged long positions, though this accounted for less than 2% of total open interest — a far smaller impact than the cascading liquidations seen on Oct. 10, when thin liquidity amplified losses across derivatives markets.Macro Fears Add Pressure as Traders Reassess RiskU.S. macro uncertainty added to the bearish mood. President Donald Trump’s renewed push to cut tariffs to reduce food prices raised fresh concerns about upward inflation pressure. Allianz chief economic adviser Mohamed El-Erian warned of rising recession risks as lower-income households face an “affordability crunch” that could spread across the economy.Derivatives Show Weak Bullish Demand But Limited Bear ConvictionDespite the sell-off, the BTC futures premium remained near 4%, slightly below the neutral 5% threshold but above recent lows. The data indicates muted bullish leverage, yet does not signal strong conviction from bears either.AI Sector Crackdown Fuels Sell-Off as ETF Outflows AccelerateThe correction across risk assets was partly driven by a sudden reversal in the once-dominant AI narrative. Concerns around inflated earnings, rising costs, and slowing demand triggered significant drawdowns in leading AI-focused firms.Legendary investor Michael Burry questioned whether companies have been propping up earnings by extending depreciation schedules for computing hardware, noting that Amazon was the only major tech firm to shorten its depreciation timetable.At the same time, U.S. spot Bitcoin ETFs saw $1.15 billion in net outflows over two days, adding further pressure. While the amount represents less than 1% of total ETF assets under management, the timing coincided with increased uncertainty.Additional selling emerged from a single 2011-era Bitcoin holder, though analysts emphasized the event was isolated and not indicative of broader long-term investor behavior.Options Market Shows Resilience Despite Price DropThe 30-day BTC options delta skew held near 10%, above the neutral 6% level but well below the 16% fear peak seen last month. Despite Bitcoin being down 24% from its all-time high, the options market has remained relatively steady, suggesting resilience among sophisticated traders.Broader Risk Markets Are Derisking — Keeping Bitcoin Under PressureMultiple companies with market caps above $20 billion — including CoreWeave, Nebius Group, Symbiotic, Super Micro Computer, and Ubiquiti — posted double-digit declines since Nov. 5. With recession fears rising and volatility returning, traders continue shifting toward cash and defensive assets.Unless macro and AI-sector uncertainty eases, Bitcoin may remain under sustained pressure, even if derivatives positioning hints that some pro traders are beginning to buy the dip.

Kaito 数据显示，比特币市场深度较今年高点下降约 30%，意味着市场流动性也大幅萎缩（注：市场深度即市场吸收大额交易而不出现大幅价格波动的能力）。期权市场上，交易员正越来越多地押注波动性，勒式期权和跨式期权等中性策略的需求不断上升，加密货币征途市值已回吐今年以来的涨幅，市场情绪可能在进一步利好消息出现前持续低迷。富兰克林邓普顿高管 Max Gokhman 表示，在机构更深入地参与加密货币市场，且投资标的不再局限于比特币和以太坊之前，加密货币与宏观风险的关联度或将持续居高不下。（Bloomberg）

The cryptocurrency market has continued its correction this week amid lingering uncertainty over U. S. data. source: https://www.cryptopolitan.com/crypto-market-remains-bearish/

According to BlockBeats, recent filings with the U.S. Securities and Exchange Commission reveal that Founders Fund, led by billionaire and prominent Silicon Valley investor Peter Thiel, has sold half of its shares in Bitmine. The venture capital firm now holds 2,547,001 shares in the company. Previously, it was reported that Founders Fund Growth II Management disclosed a 9.1% stake in BitMine Immersion Technologies as of July 8.

纳斯达克上市比特币矿企 CleanSpark 宣布已斥资 4.6 亿美元回购 3060 万股普通股，本次回购不涉及任何公司董事或高管的持股，此外该公司还宣布已完成此前披露的可转换优先票据发行 11.5 亿美元募资交易。（PRNewswire）

According to PANews, Berkshire Hathaway, led by U.S. President Donald Trump, has disclosed a $4.3 billion stake in Alphabet, Google's parent company, while simultaneously reducing its holdings in Apple. This move positions Alphabet as the tenth largest holding in Berkshire's portfolio. The decision marks a departure from Warren Buffett's traditional strategy of investing in value stocks rather than high-growth companies, as he approaches retirement at the end of the year. In the third quarter, Berkshire Hathaway sold approximately $11 billion worth of Apple shares. Aside from its investments in Apple and Alphabet, Berkshire's largest stock positions do not include major technology companies. Its other significant holdings, which remained largely unchanged during the third quarter, include American Express, Bank of America, and Coca-Cola.

According to BlockBeats On-chain Detection, investor Huang Licheng, known as 'Brother Ma Ji,' has recently increased his Ethereum holdings by purchasing an additional 200 ETH. Over the past eight hours, he has accumulated a total of 350 ETH. Currently, his leveraged position of 25 times on Ethereum is experiencing a floating loss of $1.925 million, equating to a 195% loss. His total position now stands at 7,750 ETH, valued at $24.6 million, with an entry price of $3,422 and a liquidation price of $3,047. Additionally, Huang has placed limit orders to close 475 ETH positions at prices ranging from $3,188 to $3,400.

Key takeaways: ZEC surges 21% in one week as market cap hits $10. 98B and volume jumps 97%. Shielded ZEC swaps launch next week via Zashi Wallet + NEAR Intents, reducing liquid supply and boosting privacy UX. Institutions buy in: $50M Cypherpunk purchase, rising Grayscale AUM, and $17 source: https://www.ethnews.com/zcash-jumps-21-in-a-week-as-privacy-upgrades-and-institutions-drive-a-major-breakout/

The global cryptocurrency market cap now stands at $3.28T, down by -5.79% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $94,012 and $97,411 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,945, down by -1.17%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ZEC, LA, and DASH, up by 29%, 28%, and 24%, respectively. Top stories of the day: SEC and CFTC Set to Resume Full Operations After 43-Day U.S. Government Shutdown U.S. Government Shutdown Risks Permanent Loss of Key Economic Data, Economists Warn Tether Market Cap Hits $184B as Investors Flee to Stablecoins During Market Sell-Off Bitwise CEO Says Bitcoin’s Traditional Four-Year Cycle Model Is Now Obsolete Circle Beats Q3 Earnings Expectations but Faces Slowing Growth and Rising Regulatory Risks Alibaba Partners With JPMorgan to Test Stablecoin-Based Payments for Cross-Border Trade Rising Bitcoin Mining Difficulty Pushes Older Mining Rigs to Shutdown Thresholds Bitcoin Plunges to Six-Month Low as U.S. Crypto Stocks Drop in Pre-Market Trading Binance Research: From Shutdown Relief to Market Stress — AI Cracks, Liquidity Shifts, and Crypto Volatility Market movers: ETH: $3159.61 (-0.93%) BNB: $937.47 (+2.24%) XRP: $2.2639 (-1.11%) SOL: $141.45 (-0.37%) TRX: $0.2928 (-0.10%) DOGE: $0.16233 (-0.42%) ADA: $0.5049 (-2.49%) WLFI: $0.1398 (-3.32%) WBTC: $95809.22 (-1.22%) ZEC: $678.02 (+28.88%) Top gainers on Binance: ZEC/USDT (+29%) LA/USDT (+28%) DASH/USDT (+24%)

无论比特币走势或资本环境如何变化，MSTR大概率能安然度过；而当音乐停止时，承受损失的更可能是投资者。STRC正是这一逻辑的完美体现。

随着市场对美联储12月降息的预期减弱，美国整体股市和动量股均出现下跌。

BTC,矿工,行情,矿工也放弃比特币了...... 金色财经,比特币在最近一周的跌幅其实只有10%。

在人类历史的资产演化中，“可信”始终是一个核心且昂贵的命题。从贵金属的物理稀缺性，到中央银行的法定信用，再到复杂的第三方审计与法律框架，信任的构建成本极高。

2025年11月，全球金融市场正经历显著波动，加密货币、贵金属和股市展现出截然不同的走势。

想象这样一个世界。 每一笔金融交易，无论是小额咖啡消费还是数百万美元的商业交易，都能在几秒钟内安全、透明地完成。

Saylor是我们这个时代的奇才，经常利用一些奇特的机制为公司筹集数十亿美元的资金。无论比特币价格或资金流动如何，MSTR都不会受到影响。

交易所,DEX,OKX,从上币到上链:OKX 把交易所内置 DEX,意味着什么? 金色财经,「激励可以做加法，但体验才是乘法。」

我更在意的是：如果这种可能性真的发生了，作为参与者的我们该怎么办？

在RWA热潮中，为什么股票代币化是我们必须关注的方向？