SOL's Flag Day Turns Red: Bearish Pattern Confirmed as ETFs Bail After 6-Week Run

Solana just got flagged — and not in a good way.

The token dropped 13% over the past week, sliding from a weekly high of $92.88 all the way down to $80.37 on Monday before settling around $84.07 at time of writing. The culprit? Institutional investors appear to be rotating their capital elsewhere. Sometimes you gotta hand it to the big money boys — they have a sixth sense for when a party is about to get awkward.

Spot Solana ETFs recorded $4.24 million in outflows over the past week, snapping a six-week inflow streak that had pulled in nearly $127 million. That's the equivalent of the institutional crowd quietly closing their tab after a long happy hour. No dramatic exit, no leftover drinks — just a polite nod and a swift walk toward the door while everyone else is still pretending the night is young.

Retail traders aren't exactly feeling bullish either. The recent pullback has spooked them into