SpongebobAnsemSonic69420wifInuAI priceSOLANA

🔥Solana isn't falling—it's holding its breath. The pressure is real: traders are pulling back from riskier plays. But under the surface, the network is humming, fundamentals are strong. The price is consolidating, not collapsing. This pause isn't weakness; it's the calm where buyers wait for a clear signal to jump back in. Right now, patience is the strategy. $SOL

Solana’s recent price action suggests the possibility of a short-term bottom following weeks of consistent downside pressure. After peaking near $128, SOL experienced a prolonged decline before printing a strong rejection wick around $67.50, signaling aggressive dip-buying. The latest candles show higher lows forming, a key technical sign that selling pressure is weakening. Price is now hovering around $89, sitting just below a key resistance band where previous breakdowns occurred. If bulls maintain control, SOL could attempt a push toward the $95–$100 zone in the near term. That said, the overall structure remains fragile. The broader trend is still bearish on higher timeframes, so traders are watching closely for confirmation rather than chasing the bounce. For now, Solana’s recovery reflects improving sentiment, but the next move will determine whether this is a true reversal or another temporary pullback. $SOL

Bitcoin and Ether ETFs Shed $515 Million as Selling PersistsSe Bitcoin and ether ETFs remained under intense selling pressure, extending February’s sharp drawdown. XRP and solana ETFs, however, continued to attract fresh capital, offering rare pockets of strength. Another Heavy Selloff Hits Crypto ETFs Relentless selling defined another volatile session for crypto ETFs, with capital continuing to rotate away from bitcoin and ether while selectively flowing into XRP and solana products. Bitcoin spot ETFs led the retreat, recording a $434.15 million net outflow across six funds. Blackrock’s IBIT and Fidelity’s FBTC shouldered the largest redemptions, losing $175.33 million and $109.48 million, respectively. Grayscale’s GBTC and its Bitcoin Mini Trust followed with exits of $75.42 million and $35.17 million. Additional pressure came from Ark & 21Shares’ ARKB, which shed $23.12 million, and Bitwise’s BITB with $15.62 million in outflows. Trading activity surged to a record $14.71 billion, yet total net assets slid further to $80.76 billion, highlighting the depth of the ongoing drawdown.

The cryptocurrency market is experiencing significant downward pressure today, February 6, 2026, with broad sell-offs across major assets amid heightened fear, macro uncertainty, and liquidations. The global crypto market capitalization stands at approximately **$2.33–2.40 trillion**, reflecting a decline of roughly 1.4% to 5.7% over the past 24 hours (variations across sources like CoinMarketCap, CoinGecko$GECKOS , and others). Trading volume remains elevated but shows mixed trends. **Bitcoin (BTC$BTC )**, the market leader, is trading around **$67,000–$68,000** USD, down approximately 1.5% to 3% in the last 24 hours. It briefly dipped toward $60,000 (its lowest since late 2024 or November levels in some reports) before recovering somewhat, reflecting volatility and oversold conditions. BTC dominance hovers near 56–58%. **Ethereum (ETH)** is performing worse, down around 4–5% (trading near $1,900–$2,000), with other majors like BNB$BNB and Solana also seeing notable declines (4–6%). The market shows signs of "fear and fatigue," with leveraged position liquidations in the billions and broader macro factors (including U.S. economic data, policy shifts, and risk-off sentiment) contributing to the pullback. Some analysts note the market remains oversold, with potential for short-term bounces, though longer-term optimism persists among certain investors despite current panic. **MicroStrategy (MSTR)**, a major Bitcoin proxy, is under heavy pressure, with its stock experiencing sharp declines (reports of 10–17% drops in recent sessions) tied to unrealized losses on its BTC holdings as prices fall below certain cost bases, leading to significant reported operating/net losses in the billions. Despite this, the company's Bitcoin acquisition strategy continues. Overall sentiment leans bearish in the short term, with the market correcting from prior highs. Stay cautious, as volatility remains high—monitor key support levels around $60,000 for BTC. This is not financial advice; always conduct your own research.