SOL holds $77 as ETF inflows and bullish derivatives signal further upside

Solana (SOL) trades around $78, gaining more than 2% this week. Spot Solana ETFs recorded $5.83 million in inflows, marking the second straight day of institutional buying. Derivatives data points to growing bullish sentiment, with the long-to-short ratio rising to 1.12. SOL remained steady around $77 on Wednesday, extending its weekly gains.