Whale Invests $26M in Solana Long Position as Prices Fall — A Bullish Signal?

Jakarta, Pintu News – Solana (SOL) price is currently trading at around $175 after falling more than 6% due to today’s market correction. Despite the pressure, whale activity remains high, indicating strong confidence in current price levels.

The volatility did not dampen investor interest, especially from institutions. Fund flows into Solana ETFs have actually continued to increase. In the last four days alone, the spot ETF recorded inflows of $44.4 million, signaling that market confidence remains solid despite the bearish conditions.

Head-and-Shoulders Pattern Shapes Solana Price Direction: Correction or Rebound?

Solana’s current price structure shows a classic head-and-shoulders technical pattern, reflecting a battle between exhausted buyers and increasingly confident short-sellers. The neckline at $172 is now the crucial boundary between a potential further decline or price recovery.

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If the selling pressure is able to break below $172, SOL prices could potentially drop to the $156 area, which was the accumulation zone in mid-August. If the selling pressure continues and the market capitulates, the decline could continue all the way down to $130.52.

However, if the price is able to stay above the neckline, buyers will have a chance to reset their strategy and form a new support level. In an optimistic scenario, a strong defense at $172 could trigger a fresh rally towards $208.99, driven by the liquidation of short positions that amplify buying pressure.

Conversely, the other scenario suggests that the market may need a deeper correction first, before a recovery wave starts from around the $156 liquidity zone, where selling pressure could start to ease.

Supporting this technical analysis, the MACD indicator is showing a bearish crossover, signaling potential short-term weakness. However, in previous cycles, similar patterns have often been followed by rebounds, especially after trading volumes began to narrow.

Overall, although short-term volatility still dominates, Solana’s long-term outlook remains skewed towards recovery, especially once pressure from short-term investors filters out of the market.

Whale opens $26 million long position – a sign of confidence in Solana

A Solana whale recently opened a $26 million long position with 20x leverage through the Hyperliquid (HYPE) platform, despite the crypto market being in a sharp decline.

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According to data from Lookonchain, this aggressive move comes at a time when Solana’s price is plummeting, which suggests that large investors see this drop not as a threat, but an opportunity.

Interestingly, this major speculative action coincided with a surge in interest in the Solana ETF, where spot funds recorded inflows of $44.4 million in just the last few days. The Solana ETF’s total funds under management have now passed the $500 million mark, signaling that institutional capital continues to flow in despite volatile markets.

The similarity in pattern between accumulation by whales and demand from institutional investors shows a level of market confidence rarely seen in bearish conditions like this.

Taken together, these factors indicate that the current price weakness is likely a massive accumulation phase. If sentiment begins to recover, Solana prices could potentially experience a sharp rebound, as liquidity returns and selling pressure eases.

In summary, although Solana is still under pressure and facing a tipping point around $172, the whale activity and ETF fund flows are strong signals that market confidence is growing. If this key zone is defended by buyers, a move towards $209 is highly likely.

Both in terms of technicals and market behavior, the data shows that the recovery phase of Solana prices is taking shape.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Solana Price Outlook as Solana Whale Goes All in with $26M Long Position Amid Market Crash, Is a Comeback Ahead? Accessed on November 4, 2025