1.4M SOL (US$110M) Sent to Exchanges in 72 Hours, Raising Near-Term Sell-Pressure Concerns

Over the past 72 hours, about 1.4 million Solana (SOL) tokens—valued at roughly US$110 million—were transferred to exchanges, a flow pattern often watched for potential selling pressure. The increase comes as SOL trades around key technical levels, with analysts flagging the risk of short-term downside momentum. Glassnode data shows exchange balances rising from 27.6 million SOL to 28.6 million SOL over the period. Ali Charts highlighted the move as a notable jump in exchange holdings, a typical precursor to liquidation activity even though inflows alone do not guarantee a price decline. At the time of writing, SOL was up 0.59% over 24 hours to US$80.93, reflecting mixed sentiment despite the elevated exchange inflows. On the technical side, Crypto_Scient pointed to a breakdown from a daily bear-flag pattern and a loss of a market-structure shift near US$85. SOL is now trading below a key supply zone, and repeated failed consolidation attempts are reinforcing bearish conditions. Analysts say a rebound into the US$84–US$89 area may function as a retest of the broken structure, potentially validating seller control rather than signaling renewed strength. Support is now being watched in the US$66–US$70 range. Until SOL reclaims US$90 with strong volume, the broader setup remains pressured, with exchange inflows and market structure likely to remain key short-term indicators. Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.