NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Solana Frenzy: Big Buyers Fueling Rally On Top Crypto Exchanges

Bena Ilyas
Bena Ilyas
7 months ago
3 mins read
Solana

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Driven by a mix of positive elements, Solana (SOL) is seeing a spike in trading activity. This covers big buy orders, institutional investors’ savvy purchasing approach, and the expected release of SOL-based exchange-traded funds (ETFs).

Related Reading

Floki Inu

Floki Inu To Build Schools In India, FLOKI Price Seen Hitting $17

7 months ago

Whales Consolidate SOL discretely

Trading data shows a notable increase in trading volume among key exchanges including Binance, Coinbase, Gate.io, and OKX. However, a more in-depth analysis by Coinact.gg, which is a real-time trading research programme, indicates a pattern that is very intriguing: a “Major TWAP” signal for SOL.

Major TWAP Detection alert on $SOL. Larger buyers are accumulating $SOL #Solana.

Trading patterns have emerged across @coinbase , @binance , @gate_io , @okx $SOL markets during the last 15 min.
🟢️: Coinbase, Binance, Gate, Okx
🔴️: Binance
Automated orders amounts to… pic.twitter.com/TXpnfprQPn

— MartyParty (@martypartymusic) July 10, 2024

Big investors, notably financial institutions, typically employ a strategy known as Time-Weighted Average Price, or TWAP for short. It is common practice to spread out a large buy order over a certain time period in order to lessen the impact it has on the market price.

The implication of this is that institutional players are purposefully accumulating SOL without causing big price movements, which is a classic indicative of a long-term positive outlook.

ETF Hype Ignites Investor Interest

In addition, the announcement that probable SOL-oriented exchange-traded funds (ETFs) might hit the market by the middle of March 2025 is generating curiosity among investors. As a result of the Chicago Board Options Exchange (CBOE)’s recent submission of proposals to list exchange-traded funds (ETFs) offered by VanEck and 21Shares, the bitcoin community has been filled with excitement and speculation.

SOL market cap currently at $66 billion. Chart: TradingView.com

Solana Price Forecast

A number of analysts are projecting a continuous rise in SOL price; others estimate a 17% gain by August 10th under underlying cautious optimism. Additionally showing a positive trend are technical indicators.

Related Reading

NEAR

Mass Adoption? NEAR Protocol Sees 17 Million Unique Addresses In 30 Days

1 year ago

Measuring general market mood, the Fear & Greed Index comes out as “Fear” (29).  This implies that although investors are largely hopeful about SOL’s possibilities, certain fundamental issues remain present in the larger crypto industry.

SOL price seen soaring this coming August. Source: CoinCodex

The disparity seen in Binance’s trade statistics relative to other exchanges raises some questions. More research is required to find the cause of this varying behaviour as it could points to a distinct market dynamic acting especially on  Binance.

ETFs’ promise of easily available, regulated SOL investing choices is drawing a fresh generation of investors, especially those previously reluctant to negotiate the complexity of cryptocurrency exchanges. The sustain 8% price rise for SOL in the weekly timeframe reflects this higher demand enabling network to pedal its way back to the $142 field.

Fueled by a convergence of favourable circumstances, Solana’s future seems bright. Positive outlook is presented by institutional investor interest, the possibility of regulated ETFs and recent price rise.

Featured image from Pexels, chart from TradingView

Tweet123Share196ShareSend
Bena Ilyas
Bena Ilyas

Bena Ilyas

Benna Ilyas is a finance and cryptocurrency enthusiast who has been writing about Bitcoin and the blockchain since 2021. She is an author at Bitcoinist and NewsBTC, and she also runs his blog, where he writes about all things related to crypto and finance.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Thumzup Leverages DOGE In Payments Push: A Boost To Dogecoin Price?

Thumzup Media Corp. is pushing ahead with plans to let creators receive payments in Dogecoin (DOGE), as new data shows...

Christian Encila 5 hours ago
Bitcoin

Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

The Bitcoin price continues to face challenges as the cryptocurrency has resumed its downtrend, struggling to maintain momentum above the...

Ronaldo Marquez 7 hours ago
Ethereum

Bitmine Exec And Crypto Founder Agree That Ethereum Price Is Headed For $10,000, Here’s Why

In a recent discussion on the Bankless YouTube podcast hosted by David Hoffman, two of the crypto industry’s most respected...

Scott Matherson 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ripple_xrp_xrpusd_optimized

XRP Faces Sharp Decline Amid Liquidations, But Pundits Say “This Week Changes Everything”

James Halver 1 hour ago

你的真實比特幣區塊中獎幾率 虛擬迷因幣挖礦或是更聰明的押注

newsbtc 1 hour ago
Bitcoin

Bitcoin Buy Signal: Why The 200-Week Moving Average Has Been A Flawless Entry Point

Godspower Owie 2 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:強気ダイバージェンスが示す新たな上昇のチャンス

    ドージコイン...

    11 hours ago
  • リップル 今後の見通し:6,300万ドルの売却が発生も、賢い投資家はすでに買い増し開始

    リップル...

    11 hours ago
  • 仮想通貨プレセールで2,380万ドル超を調達した新プロジェクト、次に爆発的成長を遂げる可能性も

    ...

    11 hours ago
  • 仮想通貨おすすめ:市場暴落からの回復に苦戦する中で今注目すべき銘柄

    ...

    12 hours ago
  • イーロン・マスクがドージコインの“エネルギー”を強調、新しい仮想通貨がさらに注目を集める

    ...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.