Solana price under pressure as ETF outflows deepen
Published on 11/09/2026 at 18:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSolana faces renewed market pressure
- SOL traded below USD 90 on November 9 after five consecutive weekly declines.
- Solana-focused ETFs recorded nearly USD 170 million in outflows over five weeks.
- Futures open interest fell to USD 5.10 billion, while the funding rate was negative.
- October network upgrades and record real-world-asset activity provide a longer-term counterpoint.
The Solana price remained below USD 90 on Monday, November 9, as selling pressure continued across spot and derivatives markets. TradingPedia reported that SOL had recorded a fifth consecutive weekly decline and lost 8 percent during the previous week. At the time cited by the publication, SOL traded at USD 87.60.
ETF withdrawals remain a headwind
Data cited by TradingPedia from SoSoValue showed nearly USD 170 million in outflows from Solana-focused exchange-traded funds over the previous five weeks. The withdrawals included USD 26.25 million during the latest week and a peak weekly outflow of USD 71.47 million in the previous month. The figures point to weaker investment demand, although they do not by themselves establish the future direction of SOL.
Derivatives positioning turns defensive
According to the same TradingPedia report, CoinGlass data put SOL futures open interest at USD 5.10 billion, the lowest level since August 19. Open interest had declined from USD 7.62 billion on October 8. The funding rate stood at negative 0.0033 percent, indicating a short-side bias, while Sunday liquidations included USD 33.64 million in long positions compared with USD 1.35 million in short positions.
Technical conditions were also weak. TradingPedia placed immediate support near USD 87.46 and a larger demand zone around USD 77.60. Resistance was identified near USD 90.41 and USD 95.82. These are market levels from the cited analysis, not forecasts or guaranteed price targets.
Network progress offers a counterpoint
Fundamental developments have been more constructive. In its October ecosystem roundup, the Solana Foundation said target slot times were reduced to 200 milliseconds on October 9 and that the Alpenglow consensus upgrade went live on October 21 with a target of approximately 150-millisecond finality. The foundation also reported a record USD 5 billion in real-world-asset value on the network during October.
For the Solana price, the immediate balance is therefore mixed: ETF redemptions and reduced futures positioning signal cautious demand, while faster finality and expanding tokenized-asset activity support the network's longer-term use case. Investors can follow further developments on the Solana topic page.
