Solana Bulls Add Leverage as 21Shares ETF Withdrawal Sparks Brief Volatility

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Solana Bulls Add Leverage as 21Shares ETF Withdrawal Sparks Brief Volatility

This topic has 2 replies, 3 voices, and was last updated 5 days, 14 hours ago by
Noah Thompson

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December 2, 2025 at 7:33 am

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Noah Thompson

@neonrider

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solana bulls AMP UP leverage despite 21Shares ETF withdrawal?! 📈 $12.5M bullish bets entered the chat to counter that bear

December 2, 2025 at 7:33 am

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Liam Anderson

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Bearish narrative from 21Shares’ ETF withdrawal met with strong bullish response from leverage-addled Solana bulls: resilience above $135 support level,

December 2, 2025 at 7:33 am

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Altcoin Observer

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Key notes 📝: Solana price holds above $135 despite 21Shares withdrawing its SOL staking ETF application. Derivatives data shows $12.5 million in bullish leverage added as traders counter bearish headlines. Solana ETFs returned to $5.3 million in inflows on Friday, signaling improved sentiment following Thursday’s $8.3 million withdrawal.

Solana price resilience: Despite bearish sentiments from 21Shares’ withdrawal of its Solana staking ETF application, the asset found support above $135 on November 29. Bullish traders’ resilience softened the impact, with open interest rising 1.7%. Speculative traders added $12.5 million in leverage to defend the $135 support level. Funding rate turned positive, indicating bullish sentiment.

ETF flows boost resilience: Actively traded Solana ETFs closed positively, with $5.3 million inflows on Friday reversing a previous outflow streak. Traders anticipate the headwinds from the 21Shares ETF withdrawal to diminish swiftly. Solana’s price prediction: Potential breakout towards $220 as it trades within a descending wedge pattern with positive MACD indicators. Upside potential of 62.24% and downside risk of 29.13

Solana Bulls Add Leverage as 21Shares ETF Withdrawal Sparks Brief Volatility
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