TL;DR
- Solana ETF Outflow: BSOL registered a $4.6 million withdrawal on December 16, its first since launch, selling 36,860 SOL and posting its lowest daily trading volume.
- Selective Rotation: While BSOL faced pressure, Fidelity’s Solana ETF attracted $38.7 million, pushing total net inflows across Solana ETFs to $35.2 million.
- Price Outlook: Solana trades near $128, with $120–$125 as key support; analysts see potential rebounds toward $145–$180, but warn that a break below $120 could trigger declines toward $95–$100.
The Bitwise Solana Staking ETF (BSOL) has registered its first outflow since launch, signaling rising stress across crypto markets. Risk appetite has weakened as institutions reassess exposure amid macro uncertainty and thin liquidity. Even products that previously enjoyed steady demand now face pressure, underscoring how quickly positioning can shift during periods of extreme fear.
$4.6 Million Outflow Marks Turning Point
Data from Farside Investors revealed BSOL posted a $4.6 million outflow on December 16, alongside its lowest daily trading volume since inception. Roughly 36,860 SOL were sold during the session, marking a sharp reversal after weeks of consistent inflows. The ETF’s unique offering of direct Solana exposure with staking rewards had previously supported demand, but market stress is now outweighing yield considerations.
Mixed Flows Across Solana Products
Institutional activity suggests adjustments rather than a wholesale retreat from Solana. While BSOL faced pressure, Fidelity’s Solana ETF attracted $38.7 million, its strongest daily inflow to date. Net inflows across spot Solana ETFs still totaled $35.2 million, highlighting selective capital rotation. This divergence indicates investors are reallocating rather than abandoning Solana-linked exposure.
Macro Risks and Seasonal Liquidity Strains
Analysts attribute BSOL’s outflow to macro risks and calendar effects. Rising expectations of a Bank of Japan rate hike have amplified global volatility, prompting institutions to trim exposure ahead of policy signals. The holiday period further reduces trading volumes, with thinner liquidity magnifying price swings and risk management concerns. Defensive positioning has become a priority for funds navigating uncertain conditions.
Solana Price Outlook and Key Levels
Major Support $SOL 120–125
Previous range base
Psychological level
RSI near oversoldIf Support Holds (Bullish Path)
Likely scenario if BTC stays stable:
Relief bounce toward $145–155
If momentum builds then target $170–180 (prior breakdown area)
This would still be a lower… pic.twitter.com/QDULk1j0Wz— Matthew Dixon – Veteran Financial Trader (@mdtrade) December 16, 2025
Solana traded near $128 after recent declines, extending weekly losses. Analyst Matthew Dixon identified the $120 to $125 zone as critical support, aligned with prior consolidation and psychological thresholds. RSI readings near 38 suggest selling pressure has eased, with historical bottoms forming closer to 30–35 RSI. If support holds and Bitcoin remains stable, a relief bounce toward $145–$155 is possible, with stronger momentum targeting $170–$180. Conversely, a close below $120 could trigger moves toward $105–$110, or even $95–$100 in extreme scenarios, which Dixon views as long-term accumulation territory.
