<h2><strong>關鍵要點</strong></h2>
<h3><strong>為什麼 Solana 現在吸引瞭如此多的關注？</strong></h3>
<p>因為上週 SOL 的淨流入達到了 4.21 億美元，超過了任何其他加密貨幣。</p>
<h3><strong>強勁的流入是否意味着 Solana 的價格會立即上漲？</strong></h3>
<p>技術信號仍然顯示短期內的看跌動能。</p>
<hr/>
<p>鯨魚們正在大量積累 Solana [SOL]，儘管大多數交易者仍然保持謹慎。</p>
<p>僅上週，SOL 就吸引了 4.21 億美元的新投資，超過了任何其他加密貨幣。雖然散户投資者正在退縮，但機構資本正在湧入。</p>
<p>這種大額資金的興趣激增會很快引發強勁的價格波動嗎？</p>
<h2><strong>Solana 避開了流出趨勢</strong></h2>
<p>數字資產投資產品上週流出了 3.6 億美元，但 Solana 卻朝相反的方向發展。</p>
<p>CoinShares 的數據表明，SOL 在一週內吸引了 4.211 億美元的流入（在所有資產中最高），而比特幣 [BTC] 則流出了 9.46 億美元，使 BTC 成為總流出量的主要驅動因素。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/Screenshot-2025-11-04-115937.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/Screenshot-2025-11-04-115937.jpg"/></p>
<p>來源：Coinshares</p>
<p>美國本土產品是負面情緒的最大來源，流出了 4.39 億美元。Solana 的流入甚至高於以太坊 [ETH] 的 5760 萬美元。</p>
<p>這表明主要投資者正在將資金從比特幣重新分配到替代資產。流入的激增主要是由於新資本進入最近推出的 Solana ETF。</p>
<h2><strong>流入增加，價格走軟</strong></h2>
<p>最近的數據表明，Solana ETF 的流入在過去一週持續強勁，出現了兩次約 7000 萬美元的顯著激增。這使得 ETF 的淨資產總額超過了 5 億美元。但價格並沒有隨之上漲。</p>
<p>SOL 在 164 美元附近徘徊，並且在同一時期實際上略微下跌。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/image-10.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/image-10.png"/></p>
<p>來源：SoSoValue</p>
<p>與此同時，DeFiLlama 的數據表明，Solana 的總鎖倉價值（TVL）為 105.9 億美元，在 24 小時內下降了約 3%。因此，資本可能通過 ETF 的方式進入的速度超過了鏈上市場的反應。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/image-11.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/image-11.png"/></p>
<p>來源：DeFiLlama</p>
<p>儘管散户需求降温，但大資金仍在佈局。</p>
<h2><strong>技術面偏向看跌</strong></h2>
<p>Solana 的日線圖顯示，價格在發佈時滑落至約 159 美元，賣方仍在控制中。EMA 線仍然堆疊在價格上方，顯示出持續的下行壓力。RSI 接近超賣區域。</p>
<p>資本流動也呈負面，CMF 低於零。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/6dc343fb-d57b-419f-a11b-82d713f162ee.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/6dc343fb-d57b-419f-a11b-82d713f162ee.png"/></p>
<p>來源：TradingView</p>
<p>儘管 Solana ETF 的流入巨大，但現貨交易者尚未逆轉趨勢。技術面與資金流動的故事不同：鯨魚在積累，但更廣泛的市場仍未跟隨。</p>
<p>如果 RSI 進一步下降，可能會出現短期的反彈，但目前動能仍然疲弱。</p>

HSDT

<p>Solana (SOL) 上週吸引了 4.21 億美元的淨流入，成為所有加密貨幣中最高的，儘管整體市場流出達 3.6 億美元。機構投資者正在將資金從比特幣重新分配到 Solana，受到新 ETF 推出的推動。然而，SOL 的價格仍然停滯不前，徘徊在 164 美元左右，技術信號顯示出持續的下行壓力。儘管鯨魚在積累 SOL，但散户需求正在減弱，市場尚未對流入做出積極反應，這表明資本流入與價格走勢之間存在脱節</p>

<h2><strong>Key takeaways</strong></h2>
<div class="lb-trans"><h2><strong>關鍵要點</strong></h2>
</div><h3><strong>Why is Solana attracting so much attention right now?</strong></h3>
<div class="lb-trans"><h3><strong>為什麼 Solana 現在吸引瞭如此多的關注？</strong></h3>
</div><p>Because SOL saw $421 million in net inflows last week, more than any other crypto.</p>
<div class="lb-trans"><p>因為上週 SOL 的淨流入達到了 4.21 億美元，超過了任何其他加密貨幣。</p>
</div><h3><strong>Does strong inflow mean Solana’s price will pump right away?</strong></h3>
<div class="lb-trans"><h3><strong>強勁的流入是否意味着 Solana 的價格會立即上漲？</strong></h3>
</div><p>Technical signals still show bearish momentum in the short term.</p>
<div class="lb-trans"><p>技術信號仍然顯示短期內的看跌動能。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p>Whales are heavily accumulating Solana [SOL], even as most traders remain cautious.</p>
<div class="lb-trans"><p>鯨魚們正在大量積累 Solana [SOL]，儘管大多數交易者仍然保持謹慎。</p>
</div><p>Last week alone, SOL attracted $421 million in new investments, more than any other cryptocurrency. While retail investors are stepping back, institutional capital is pouring in.</p>
<div class="lb-trans"><p>僅上週，SOL 就吸引了 4.21 億美元的新投資，超過了任何其他加密貨幣。雖然散户投資者正在退縮，但機構資本正在湧入。</p>
</div><p>Could this surge in big-money interest trigger a strong price move soon?</p>
<div class="lb-trans"><p>這種大額資金的興趣激增會很快引發強勁的價格波動嗎？</p>
</div><h2><strong>Solana dodges the outflow trend</strong></h2>
<div class="lb-trans"><h2><strong>Solana 避開了流出趨勢</strong></h2>
</div><p>Digital asset investment products saw $360 million in outflows last week, but Solana moved in the opposite direction.</p>
<div class="lb-trans"><p>數字資產投資產品上週流出了 3.6 億美元，但 Solana 卻朝相反的方向發展。</p>
</div><p>CoinShares data shows SOL pulled in $421.1 million in weekly inflows (the highest among all assets) while Bitcoin [BTC] saw $946 million leave the market, making BTC the main driver of the total outflow count.</p>
<div class="lb-trans"><p>CoinShares 的數據表明，SOL 在一週內吸引了 4.211 億美元的流入（在所有資產中最高），而比特幣 [BTC] 則流出了 9.46 億美元，使 BTC 成為總流出量的主要驅動因素。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/Screenshot-2025-11-04-115937.jpg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/11/Screenshot-2025-11-04-115937.jpg"/></p>
<p>Source: Coinshares</p>
<div class="lb-trans"><p>來源：Coinshares</p>
</div><p>U.S.-based products were the biggest source of negativity, with $439 million exiting the region. Solana’s inflows were even higher than Ethereum’s [ETH] $57.6 million.</p>
<div class="lb-trans"><p>美國本土產品是負面情緒的最大來源，流出了 4.39 億美元。Solana 的流入甚至高於以太坊 [ETH] 的 5760 萬美元。</p>
</div><p>This indicates that major investors are reallocating funds from Bitcoin to alternative assets. The surge in inflows is largely driven by new capital entering recently launched Solana ETFs.</p>
<div class="lb-trans"><p>這表明主要投資者正在將資金從比特幣重新分配到替代資產。流入的激增主要是由於新資本進入最近推出的 Solana ETF。</p>
</div><h2><strong>Rising inflows, softer prices</strong></h2>
<div class="lb-trans"><h2><strong>流入增加，價格走軟</strong></h2>
</div><p>Recent data shows that Solana ETF inflows remained consistently strong throughout the past week, with two notable spikes of approximately $70 million each. This pushed total ETF net assets above $500 million. But price didn’t follow the same path.</p>
<div class="lb-trans"><p>最近的數據表明，Solana ETF 的流入在過去一週持續強勁，出現了兩次約 7000 萬美元的顯著激增。這使得 ETF 的淨資產總額超過了 5 億美元。但價格並沒有隨之上漲。</p>
</div><p>SOL hovered near $164 and actually trended slightly lower through the same period.</p>
<div class="lb-trans"><p>SOL 在 164 美元附近徘徊，並且在同一時期實際上略微下跌。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/image-10.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/11/image-10.png"/></p>
<p>Source: SoSoValue</p>
<div class="lb-trans"><p>來源：SoSoValue</p>
</div><p>At the same time, DeFiLlama data shows Solana’s TVL sitting at $10.59 billion, down about 3% in 24 hours. So, perhaps capital is entering via ETFs faster than on-chain markets can reflect.</p>
<div class="lb-trans"><p>與此同時，DeFiLlama 的數據表明，Solana 的總鎖倉價值（TVL）為 105.9 億美元，在 24 小時內下降了約 3%。因此，資本可能通過 ETF 的方式進入的速度超過了鏈上市場的反應。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/image-11.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/11/image-11.png"/></p>
<p>Source: DeFiLlama</p>
<div class="lb-trans"><p>來源：DeFiLlama</p>
</div><p>Big money is positioning even while retail demand cools.</p>
<div class="lb-trans"><p>儘管散户需求降温，但大資金仍在佈局。</p>
</div><h2><strong>Technicals lean bearish</strong></h2>
<div class="lb-trans"><h2><strong>技術面偏向看跌</strong></h2>
</div><p>Solana’s daily chart showed price slipping to around $159 at press time, with sellers still in control. EMA lines remained stacked above price, showing continued downside pressure. RSI was close to oversold territory.</p>
<div class="lb-trans"><p>Solana 的日線圖顯示，價格在發佈時滑落至約 159 美元，賣方仍在控制中。EMA 線仍然堆疊在價格上方，顯示出持續的下行壓力。RSI 接近超賣區域。</p>
</div><p>Capital flows were also negative, with CMF below zero.</p>
<div class="lb-trans"><p>資本流動也呈負面，CMF 低於零。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/6dc343fb-d57b-419f-a11b-82d713f162ee.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/11/6dc343fb-d57b-419f-a11b-82d713f162ee.png"/></p>
<p>Source: TradingView</p>
<div class="lb-trans"><p>來源：TradingView</p>
</div><p>Despite the huge inflows into Solana ETFs, spot traders are not yet reversing the trend. Technicals are telling a different story than the flows: whales are accumulating, but the broader market still hasn’t followed.</p>
<div class="lb-trans"><p>儘管 Solana ETF 的流入巨大，但現貨交易者尚未逆轉趨勢。技術面與資金流動的故事不同：鯨魚在積累，但更廣泛的市場仍未跟隨。</p>
</div><p>If the RSI drops further, a short-term relief bounce may occur, but for now, momentum remains weak.</p>
<div class="lb-trans"><p>如果 RSI 進一步下降，可能會出現短期的反彈，但目前動能仍然疲弱。</p>
</div>

鯨魚向 Solana 注入了 4.21 億美元——那麼為什麼 SOL 的價格沒有變化呢？