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のデータによると、ビットコインの市場深度は今年の最高値から約30%減少しており、これは市場の流動性も大幅に縮小していることを意味する（注：市場深度とは、価格が大きく変動することなく大きな取引を吸収する市場の能力のこと）。オプション市場では、トレーダーがボラティリティに賭ける傾向が強まっており、ストラングルオプションやストラドルオプションなどの中立的な戦略の需要が高まっている。暗号通貨の旅の時価総額は年初来の上昇を後退しており、市場のセンチメントはさらなるポジティブなニュースが現れるまで低迷しそうだ。機関投資家が暗号通貨市場に深く関与し、原資産がビットコインとイーサリアムに限定されなくなるまでは、暗号通貨のマクロリスクとの相関性は高いままかもしれない、とフランクリン・テンプルトンのマックス・ゴクマン役員は述べた。(ブルームバーグ)

Although the Shiba Inu price is seeing a mild resurgence over the last 24 hours, trading activity across all supported exchanges has flipped bearish. source: https://u.today/78376043384-shib-shiba-inu-holders-taking-profits

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.

ナスダック上場のビットコイン採掘業者クリーンスパークは、4億6000万ドルを投じて普通株式3060万株を買い戻したことを発表した。この買い戻しは、同社の取締役や幹部の所有権を伴わないもので、先に開示した転換社債型シニアノートの発行による11億5000万ドルの増資取引も完了した。(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/

ビットコインの動きや資本環境に何が起ころうとも、MSTRはそれを乗り切るだろう。そして、音楽が止まったとき、損失を被るのは投資家である可能性が高い。

米連邦準備制度理事会（FRB）の12月利下げに対する市場の期待が薄れ、米国株全体とモメンタム株が下落した。

BTC,マイナー,相場,マイナーもビットコインを見限っている． ゴールドファイナンス,ビットコインの直近1週間の下落は、実際にはわずか10％だった。

人類の歴史における資産の進化を通じて、「信用」は中心的かつ高価な命題であった。貴金属の物理的希少性から、中央銀行の法定信用、複雑な第三者監査や法的枠組みに至るまで、信用を築くには非常にコストがかかってきた。

2025年11月、世界の金融市場は大きな変動に見舞われており、暗号通貨、貴金属、株式市場はまったく異なる動きを見せている。

そんな世界を想像してみてほしい。 小さなコーヒーの購入であれ、数百万ドルの取引であれ、あらゆる金融取引が安全かつ透明性をもって数秒で完了する。

セイラーは現代の奇才であり、奇妙な仕組みを使って企業のために何十億ドルもの資金を日常的に調達している。ビットコインの価格や資金の流れがどうなろうと、MSTRは影響を受けない。

取引所,DEX,OKX,コインからチェーンへ:OKXが取引所をDEXに構築、その意味とは？ 金色财经, "インセンティブは加えることができるが、経験は乗数である。"

それよりも気になるのは、このような可能性が起こった場合、参加者としてどうするのか、ということだ。

RWAブームの中で、なぜ株式のトークン化が注目されるのでしょうか？