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Solana Price Prediction: Goldman Sachs Dumps SOL ETFs as Funding Rates Turn Negative


Solana Price Prediction: Goldman Sachs Dumps SOL ETFs as Funding Rates Turn Negative

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Goldman Sachs fully liquidated its $108M Solana ETF position in Q1 2026 while keeping $700M in Bitcoin ETFs, and SOL funding rates plunged from +8% to -3% in three days, the first negative flip since February; SOL trades at $84.86 on May 20, testing the rising channel from the February low of $67. Solana DEX weekly volume collapsed 56% from January’s $25B to $11B as Hyperliquid and Base take market share, with a liquidity sweep zone at $76–$78 below the trendline, highlighting weakening DeFi activity, fundraising and adoption risks for the token.

Bearish

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  • Goldman Sachs fully liquidated its $108M Solana ETF position in Q1 2026 while keeping $700M in Bitcoin ETFs
  • SOL funding rates dropped from +8% to -3% in three days, the sharpest bearish shift since the February lows
  • Solana DEX volume fell 56% from January’s $25B weekly average to $11B as Hyperliquid and Base take market share

Solana trades at $84.86 on May 20, pressing the rising channel trendline for the second day running, as Goldman Sachs reveals it cleared its entire SOL ETF position in Q1 and futures funding rates flip negative for the first time since February.

SOL Daily Chart: Channel Trendline Holding With a Liquidity Zone Below

Solana Daily Price Action (Source: TradingView)

SOL is sitting on the lower rail of the rising channel from the February low at $67. Below that, a liquidity sweep zone between $76 and $78 marked by the LuxAlgo indicator become…

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In This News

Coins

$ 64.06K

-0.08%

$ 76.80

-1.19%

$ 76.51

-1.55%

$ 67.21

-0.09%

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In This News

Coins

$ 64.06K

-0.08%

$ 76.80

-1.19%

$ 76.51

-1.55%

$ 67.21

-0.09%

Predictions Markets

See what traders are focused on

View analytics →
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