Solana (SOL) price is up 10% on Tuesday, February 4, as it attempts to hold above $200. Its market cap has recovered back above $100 billion. Despite this rebound, trading volume has dropped by roughly 40%, now sitting at $8.9 billion over the same period.

Meanwhile, SOL whale activity is showing signs of recovery after a recent decline, and key trend indicators remain undecided on the asset’s next move. Whether Solana can sustain its momentum or face renewed downside pressure will depend on how it interacts with critical resistance and support levels in the coming days.

Solana Whales Are Recovering From A Recent Fall From Its All-Time High

The number of Solana whales – addresses holding at least 10,000 SOL – has rebounded to 5,120, up from 5,096 just four days ago.

While it remains below the all-time high of 5,167 recorded on January 25, the recent increase suggests continued accumulation by large holders. This comes after a rapid surge from 5,054 on January 17, highlighting strong interest from big players in the market.

Tracking SOL whales is crucial because their buying and selling activity can significantly impact price trends. Large holders often signal confidence in the asset, and their accumulation can indicate bullish sentiment.

While the number is slightly below its peak, the fact that it is recovering suggests that major investors are still engaged, which could support SOL price stability or even future upward momentum.

Solana is Experiencing a Weak Downtrend Trend

Solana’s DMI chart shows its ADX at 33.5, which is a rise from 10.5 just four days ago. While it peaked at 36.2 a day ago, its current level still indicates a strengthening trend.

The ADX (Average Directional Index) measures trend strength, with values above 25 suggesting a strong trend and above 50 indicating an extremely strong one. The recent increase signals growing momentum, but the direction of the trend remains uncertain.

Currently, Solana +DI is at 14.7, up from 6 a day ago, while -DI has dropped to 26.99 from 39 two days ago. The +DI represents bullish strength, while the -DI reflects bearish pressure.

Although bearish momentum is weakening, bullish momentum is still relatively low, meaning the trend remains undefined. If +DI continues rising and crosses above -DI, it could signal a shift toward an upward trend, but for now, the market remains indecisive.

SOL Price Prediction: Will Solana Stay Above $200?

The price of Solana is currently trading between $222.8 and $191, with its EMA lines showing short-term moving averages below the long-term ones.

However, the downtrend isn’t that strong anymore, leaving the trend direction uncertain. SOL price is in a key range where a breakout in either direction could define the next major move.

If SOL price regains its uptrend and breaks the $222.8 resistance, it could climb toward $244.99, with a strong rally potentially pushing it back to $271.

On the other hand, if a downtrend forms and support at $191.69 is lost, the next target would be $181.91, with further downside possibly taking it as low as $168.77.

US Ethereum ETFs hit record volume Monday as investors bought the dip despite market downturns. The nine ETFs saw $1.5 billion in total trading volume, with a $84 million inflow from new investors.

Although the ETFs are performing quite well, trouble remains on the horizon. Their trade volumes are becoming increasingly uncoupled from Ethereum itself as the community faces leadership crises and shaken public confidence.

Ethereum ETFs See Record Trading Volumes

Ethereum has been in a challenging spot lately, but its ETFs are pulling huge numbers. Ethereum was already struggling with declining user counts and falling prices, but Trump’s tariff threats brought huge shocks to the whole crypto market.

However, even while the altcoin was struggling, ETF investors bought the dip in huge amounts, leading to $1.5 billion in trading volume.

Essentially, the broader market shocks triggered huge levels of panic-selling, stop-loss triggers, and forced liquidations. As a key asset for the DeFi space, ETH is vulnerable to swings from overall leveraged trading.

These outflows pumped up the ETFs’ trading volume, and Ethereum delivered net inflows, including $84 million from new investors.

After these complicated actions, Ethereum’s price somewhat recovered from Monday’s early market crash.

However, the leading altcoin has been struggling for a few different reasons. Leadership restructuring at Ethereum has shaken public confidence in the firm, feeding price concerns.

Meanwhile, Ethereum ETFs also have a few bullish factors under their belt. They set a new record for inflows in December, attracting more than $2 billion in institutional interest despite a flagging price.

This trend continued throughout January, with heightened ETF trade despite widening cracks in the Ethereum Foundation.

Additionally, a few outside factors helped juice this rally. Donald Trump’s son, Eric Trump, encouraged his followers to invest in Ethereum via social media.

“In my opinion, it’s a great time to add ETH,” Eric Trump posted.

Open interest in ETH futures contracts on the CME also climbed around 6%, signaling institutional interest. Together, these revenue streams helped guarantee big gains.

Ultimately, Ethereum ETFs are doing well, but the underlying asset’s broader future is still uncertain. Community turmoil is causing serious cracks in the asset’s support base.

This is especially concerning because ETH enjoys prestige and reputation due to its long history in the space. Ultimately, these ETF trades may only paper over broader concerns.

Three years after FTX went bankrupt, its creditors are finally going to receive payments. These payouts will begin as early as February 18, starting with claims under $50,000.

These early payments will only begin for creditors in the Bahamas process. Other categories of former FTX users will have a deadline of March 4 to receive payouts.

FTX To Begin Reimbursing Creditors

According to an email circulated among FTX creditors, they will begin getting reimbursed for lost assets. These payouts will begin at 10 AM ET on February 18 and will only apply to claims under $50,000.

According to this email, all repayments in this category will be processed through BitGo, a crypto custody platform.

“The Joint Official Liquidators of FTX are pleased to inform you that you have completed all the required steps to be eligible to receive a distribution related to your Convenience Class claim and that a payment will be made to your nominated account,” the email began.

Apparently, however, these early reimbursements will only go to FTX creditors in the Bahamas process. According to a creditor advocate, former users in other categories will begin receiving payments on March 4.

Since FTX went bankrupt in 2022, its substantial obligations to its creditors have weighed heavily on the crypto market. The lost cryptoassets have greatly appreciated in value since the collapse; creditors will, therefore, receive 9% interest per annum starting from November 11, 2022.

There are still several unanswered questions in this process, especially regarding FTX creditors outside the Bahamas process.

However, after months of positive signals, this is the largest concrete step towards recuperating the investors’ assets. This development will help close a chapter on one of crypto’s darker moments and rebuild overall confidence.