Solana price rally is driven by large whale withdrawals and rising futures Open Interest: 376,076 SOL (~$80.7M) moved off exchanges, net outflows increased, and OI climbed to $14.51B — supporting a technical push toward the $260 target if $206 holds as support.
Whales withdrew 376,076 SOL (~$80.7M), reducing sell-side liquidity.
Net exchange outflows and confirmed breakout above $206 reinforce accumulation.
Open Interest rose +11.32% to $14.51B, increasing leveraged bullish exposure.
Solana price rallies: Whales withdraw 376,076 SOL, boosting outlook to $260 — read technical levels, OI data, and what traders should watch now.
What is driving Solana’s rally toward $260?
Solana price strength is being driven by significant whale-led withdrawals, a breakout above $206 that converted resistance into support, and rising Open Interest (OI) in futures markets. These three factors combined reduce available sell-side liquidity and increase speculative positioning, making the $260 target achievable if momentum persists.
How much SOL did whales withdraw and why does it matter?
On-chain exchange tracking shows whales moved 376,076 SOL (about $80.7 million) from Binance into custody services and a Kamino vault on September 9, 2025. Such withdrawals typically signal accumulation because assets leaving exchanges are less likely to be sold immediately.
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Historically, sustained exchange outflows correlate with tightened liquidity and price appreciation. This withdrawal aligns with other metrics that support bullish conviction.
Solana technical levels: What should traders watch?
Solana has cleared the $206 resistance and is testing the next barrier at $228. A decisive hold above $206 with momentum beyond $228 would likely accelerate movement toward $245 and the $260 target thereafter.
If $206 fails, immediate downside risk may extend to $192 where buyers historically step in. Short-term traders should manage risk around $206 and watch volume confirmation on any breakout.
What do exchange netflows indicate about market sentiment?
Exchange data recorded a $17.5 million net outflow on September 9, 2025, reinforcing the bullish thesis driven by large transfers to custody. Net outflows reduce immediate selling pressure and often precede sustained rallies.
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Although intermittent inflows can trigger short dips, the prevailing pattern of withdrawals implies buying conviction currently outweighs selling intent.
Open Interest for Solana futures rose +11.32% to $14.51 billion at press time, indicating increased leveraged exposure to the upside. Higher OI can confirm trend strength but also amplifies volatility if sentiment reverses.
When rising OI coincides with whale accumulation and exchange outflows, it typically signals a stronger probability of continuation rather than an imminent reversal — yet traders should use tight risk controls to avoid liquidation cascades.
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