Gate News update: On April 1, according to monitoring by Lookonchain, yesterday (March 31), U.S. Bitcoin ETFs saw net inflows of 1,752 BTC, Ethereum ETFs saw net inflows of 14,488 ETH, and Solana ETFs saw net inflows of 571 SOL.

Gate News message. On April 1, according to Arkham monitoring, Alameda Research today cleared the pledge of $3.56 million worth of Ethereum. Three weeks ago, the firm had allocated $17 million worth of SOL tokens. Currently, Alameda Research still holds $300 million in SOL, $35 million in Bitcoin, and $20 million in USDT.

Gate News update, April 1, Galaxy Digital launched a SOL staking service. The service is offered through its financial technology platform, GalaxyOne, and is open to eligible customers in more than 40 states and territories in the United States. Any SOL staked on GalaxyOne will be delegated to Galaxy Digital’s validators.

Solana token SOL has recently fallen by about 11%, repeatedly testing the $80 support level as the market worries it could retrace to $75. Despite network fees continuing to decline, Solana remains appealing for ecosystem development, with DApp revenue surpassing Ethereum. Overall market performance is poor, but SOL continues to face pressure.

The Solana network faces pressure from declining DEX trading volume and SOL’s token price falling to $82.98, as it moves toward the $80 support level. Although trading volume dropped to $55.5 billion in March, Solana performs exceptionally well in the high-revenue DApp space, which still helps stabilize the price. Despite the challenges, analysts remain optimistic about SOL’s long-term outlook and believe that a short-term pullback does not necessarily mean the price will break below $75.

Solana (SOL) price remains under pressure, falling about 0.88% in March, and has been trending downward for six consecutive months. The head-and-shoulders top pattern has broken down, pointing to a target of $73, while the key short-term support is around $80. On-chain data shows spot demand is declining, which could intensify sell pressure. Although long-term holders are adding to their positions to provide some support, it may not be enough to help the rebound—market conditions remain tough.

On March 30, the U.S. SOL spot ETF saw a net outflow of $6.1743 million in a single day; only the Bitwise Solana Staking ETF recorded an outflow, with historical total net inflows reaching $792.0 million. The current net asset value of total assets for the SOL spot ETFs is $802 million, with a net assets ratio of 1.69%.

Gate News report, on March 30, according to the on-chain analytics platform Lookonchain monitoring, the address EMhzdZ bought the token $ANIME about a year ago for 1.1 SOL, and after $ANIME surged recently, it fully exited the position, selling all the $ANIME it held and recovering 232.2 SOL (about $19,500), for a holding return of about 211x.

On March 30, the whale address 0x664 closed its short position in SOL, incurring a loss of approximately $160,000, with an average closing price of $84.9. This address opened the short position after depositing $440,000 in a short period and withdrew $272,000 after hitting the stop loss.

Solana (SOL) price has slightly rebounded after a week of declines, but market sentiment remains cautious. Spot ETF net outflows and derivatives liquidations indicate that institutions are on the sidelines, with SOL's short-term trend leaning bearish, and key support is between $45 and $75. Analysts suggest that below $80 is an accumulation opportunity for long-term holders.