Following the launch of the first Solana (SOL) Exchange-Traded Funds (ETFs) in the US, Bybit analysts believe that the cryptocurrency could enter a multi-quarter rally fueled by institutional demand.

Solana ETF Era To ‘Reshape’ Price Trajectory

On Friday, crypto exchange Bybit discussed the potential impact of the recently launched Bitwise Solana Staking ETF (BSOL) and Grayscale Solana Trust ETF (GSOL) on the altcoin’s long-term narrative and performance.

In its Crypto Insights Report, the exchange noted that the altcoin joined Bitcoin (BTC) and Ethereum (ETH) as one of the digital assets with regulated brokerage access in the US, marking a key milestone that could reshape “its price trajectory and market structure for years to come.”

The report highlighted that SOL’s performance will likely benefit from the global expansion of SOL-focused products. Notably, Hong Kong also approved and launched the first Solana Spot ETF by China Asset Management in late October. Meanwhile, Brazil and Canada also host Solana ETFs, which create “a multi-jurisdictional framework that enhances global liquidity and price discovery.”

Nonetheless, the crypto exchange considers that the most significant impact is “the narrative shift they catalyze,” as the cryptocurrency “is no longer just a high-beta altcoin favored by retail traders — it’s now a regulated, yield-bearing asset with institutional access and global distribution.”

This rebranding aligns with Solana’s technical evolution, as its role in powering tokenized treasuries, real-world assets and permissioned stablecoin issuance makes it a foundational layer for the next generation of financial infrastructure.

The exchange argued that Solana may transition from a speculative asset to providing a strategic allocation in diversified portfolios as macro conditions stabilize and ETF inflows build.

SOL ‘On The Cusp Of Multi-Quarter Rally’

According to Farside Investors’ data, the SOL-based investment products have recorded over $300 million in inflows since launching last week, signaling strong institutional demand for the Solana ETFs.

However, the altcoin’s price retraced around 8% during the ETF’s first trading week. Additionally, SOL’s price has fallen nearly 20% on the weekly timeframe, reaching a four-month low of $144 earlier this week.

Despite the short-term volatility, Bybit affirmed that the ETF listings “represent a structural shift in how SOL is accessed, traded and perceived,” dramatically expanding SOL’s investor base.

The report emphasized that the subdued response echoes the “sell-the-news” dynamic seen in BTC and ETH’s ETF approvals. Both cryptocurrencies experienced short-term corrections after their respective spot ETF launches before recovering on sustained inflows.

“Solana may be following a similar pattern, with early profit-taking and whale rotation — such as Jump Crypto’s large on-chain transfer — temporarily suppressing upside momentum,” Bybit affirmed.

The report pointed out Bitwise’s estimate that every $1 billion in ETF inflows could lead to a 30%-50% increase in SOL’s market capitalization. As a result, if inflows reach $2-3 billion in the next year, the cryptocurrency could revisit its all-time high (ATH) levels, and even rally toward $300–$350.

“If historical patterns hold, Solana could be on the cusp of a multi-quarter rally that redefines its position in the crypto hierarchy,” the exchange concluded.

As of this writing, Solana is trading at $154, a 1% decline in the daily timeframe.

Amid this week’s crypto market correction, Ark Invest’s CEO and CIO, Catie Wood, has slashed her 2030 bullish forecast for Bitcoin (BTC), highlighting the global momentum of the stablecoin sector.

Stablecoins Overtake Part Of BTC’s Role

On Thursday, Ark Invest’s CEO, Cathie Wood, joined CNBC’s “Squawk Box” to discuss Bitcoin’s price, her thoughts on stablecoins’ growth, and how her previous bullish forecast for the flagship crypto has evolved over the past year.

In the interview, Wood underscored that the rapid rise of stablecoins is taking on a role she thought BTC would handle, leading to a 20% reduction of her $1.5 million prediction by 2030. It’s worth noting that the investment management firm has previously affirmed that the leading cryptocurrency could serve as a store of value and a global settlement system.

“Stablecoins are usurping part of the role that we thought bitcoin would play,” Wood affirmed on Thursday morning. “Given what’s happening to stablecoins, which are serving emerging markets in a way that we thought bitcoin would, I think we could take maybe $300,000 off of that bullish case just for stablecoins.”

“Emerging markets are huge in this regard,” she said, adding that “we’re starting to see institutions in the United States focused on new payment rails, with stablecoins at the core. So very interesting movement.”

Notably, the sector has seen rapid adoption following the enactment of the GENIUS Act in the US, with other leading jurisdictions, including the UK and South Korea, pushing to establish their own regulatory framework in the coming months.

Similarly, multiple leading companies in the traditional payment system are preparing strategic moves into the stablecoin sector. Last week, the global financial services company Western Union announced its plan to launch the US Dollar Payment Token (USDPT) on the Solana blockchain.

To Wood, “Stablecoins are scaling here much faster than anyone would have expected,” making it a space to watch in the future.

Wood Is Still Bullish On Bitcoin

Despite recalibrating her 2030 bull case, Ark Invest’s CEO emphasized that she remains bullish on Bitcoin, noting that growing institutional adoption will be a powerful driver for long-term value.

Currently, the flagship cryptocurrency has declined 20% from its October 6 all-time high (ATH) of $126,000, briefly falling below the $100,000 mark earlier this week. Nonetheless, most market analysts and investors remain bullish on BTC’s long-term performance.

Wood highlighted that “Bitcoin is a global monetary system, it is the lead in a new asset class, and it’s a technology, all wrapped in one.” She added that institutional participation in the sector has only begun, stating, “Institutions really have just dipped their toes into this space. We have just started, so we have a long way to go.”

The CEO closed her observations by affirming that the broader crypto ecosystem is expanding, not contracting. “I think the whole space gets bigger,” she concluded.

Pi Squared has announced the launch of its Devnet 2.0 to bring “internet-speed payments” to Web3 and advance its goal of 1 million transactions per second (TPS) by 2026.

Pi Squared Unveils New Upgrade

On Wednesday, Pi Squared, a project behind an infinitely scalable network for internet-speed payments, announced the launch of Devnet 2.0, a major upgrade to its Web3 verifiable settlement protocol.

Notably, Pi Squared is building FastSet, an infinitely scalable, decentralized payments network designed to deliver “uncapped throughput, internet speed finality, and real-time verifiability.” The network settles transactions in parallel, which allows it to process more transactions per second than blockchains that rely on total ordering.

In a September blog post, the project noted that TPS has been a key metric to evaluate the capacity, scalability, and efficiency of a credit card payment system. This metric was later adopted for the data transaction rate of cryptocurrencies, but “TPS may be discouraging to use as a metric in Web3 since there is so much heterogeneity and inconsistency around.”

Pi Squared explained that, in the protocol, “TPS refers to the number of claims per second that can be effectively settled. Transactions are a typical example of claims, but FastSet is more than just settling transactions. Any verifiable statement can be settled on FastSet.”

According to the official statement, the Web3 verifiable settlement protocol currently reaches 150,000 transactions per second with sub-100ms finality. Additionally, it targets 1 million TPS by mainnet in 2026, aiming to deliver “instant and trustless payments at a global scale.”

Grigore Roșu, founder and CEO of Pi Squared, affirmed that “the future of payments demands more than what blockchains can deliver.” Therefore, “with theoretically uncapped TPS, sub-100ms finality, and verifiability by design, Pi Squared is ready to power global payments and financial systems at scale.”

A New ‘Playground’ For Web3 Developers

Per the statement, Devnet 2.0’s launch advances the Pi Squared goal to build “a future where payments and all forms of transactions happen instantly, verifiably, and with negligible fees.”

It detailed that the Devnet 2.0 is a “fully accessible playground for developers to experience FastSet in action, providing a richer ecosystem, new apps, improved infrastructure, and comprehensive developer docs designed to make building on FastSet seamless.”

Within the next week, two Decentralized Finance (DeFi) applications, Omniset and OmniSwap, are set to debut on the Devnet 2.0, seeking to “redefine cross-chain asset movement.”

The first one acts as a universal liquidity and settlement layer, connecting fragmented liquidity across blockchains into a single verifiable layer, rather than relying on traditional bridges.

As a result, users will reportedly be able to “deposit tokens on any chain, mint and use the tokens unrestricted on FastSet, and withdraw them on any other chain, seamlessly, securely, and instantly.”

Meanwhile, the second DeFi application is built on top of OmniSet. It will aggregate decentralized exchanges (DEXs) across networks, discover the best available swap rates, and execute trades using verifiable proofs, to make cross-chain swaps “trustless and lightning fast.”

Roșu concluded that the launch of Devnet 2.0 “represents the latest milestone in our mission to deliver on one of the biggest promises of Web3, enabling p2p payments to move as fast as the internet.”

After failing to close the week above a crucial level, Bitcoin (BTC) is attempting to hold $100,000 as support, leading some analysts to suggest that this is the make-or-break moment for the cryptocurrency.

Bitcoin Plunges To Physiological Barrier

On Tuesday, Bitcoin saw a 9% drop from its weekly opening, dropping to the $100,000 area for the first time in months. The flagship crypto has been trading above $105,000 since late June, hovering between $108,000-$120,000 over the past four months.

During the early October correction, BTC’s price briefly deviated below these crucial levels, hitting a three-month low of $102,000 before recovering. Since then, the cryptocurrency has struggled to reclaim the mid-zone of its local range, falling to the $106,000-$108,000 area multiple times in the daily timeframe.

As the price retested the $100,000 level, Sjuul from AltCryptoGems noted that Bitcoin has now broken below its 10th of October low, which was “the last major level before the $98K low from the Middle Eastern war fud back in June.”

Analyst Ted Pillows highlighted that BTC has two massive liquidity clusters on the longer timeframes. Per the chart, the first cluster sits around the $90,000 level, which also coincides with an open CME Gap from Q2.

Meanwhile, the second cluster sits around the all-time high area at $126,000. “Given that the market is looking weak now, a dump to fill the CME gap before reversal could happen,” the market watcher warned.

However, Ali Martinez suggested that a 5%-11% rebound from the current area is possible. The chart shows that Bitcoin has been trading between $101,300-$124,000 price range since May, bouncing from the lower boundary each time it was retested. If BTC holds this area, it could surge to at least $106,500 or $112,000, the analyst asserted.

BTC Retests 50-Week EMA

Rekt Capital highlighted that BTC had reached the 50-week Exponential Moving Average (EMA). The analyst explained that after closing below the 21-week EMA, Bitcoin was deviating below its range lows for the fifth consecutive week.

The 21-week EMA has served as crucial support during pullbacks since late Q2. However, it was lost amid the recent market volatility. Last week, multiple analysts warned that closing above this level was crucial to turn it back into support and prevent a larger pullback.

Per the Tuesday post, the 50-week EMA, sitting around the $100,000 level, “would probably only get tagged on confirmed breakdown from $108k,” meaning that the flagship crypto will need to close the week above this level to maintain its current price range.

Similarly, Crypto Bullet pointed out that the 50-week MA retest was “the moment of truth” for BTC. Notably, the cryptocurrency has retested this indicator three times this cycle, marking the bottom of each corrective phase and the start of a new rally to a new all-time high (ATH).

The market watcher warned that losing this level would mean “it’s lights out” for the flagship cryptocurrency. However, a rebound from this area could set the stage for a price recovery and a potential bullish rally in late Q4.

As of this writing, Bitcoin is trading at $100,356, a 6% decline in the daily timeframe.

Amid the market pullback, Solana (SOL) has hit a new local low after its price fell below a crucial support level for the first time in months. Some analysts have suggested that the altcoin is in a healthy retest of a key area, but others warned that the cryptocurrency risks another major correction if the current levels are also lost.

Solana Risks 30% Correction

On Monday, Solana recorded an 8.3% drop after losing the lower boundary of its three-month range. The cryptocurrency has been trading within the $175-$250 levels after the August breakout, hitting a multi-month high of $253 during the September rally.

Since then, the altcoin has retraced nearly 35% to the current levels and failed to successfully reclaim the $200 psychological barrier despite multiple attempts. Following the early October correction, when SOL dropped to $168, the price has repeatedly retested the $170-$180 mark as support, bouncing from this area each time.

Nonetheless, the recent market volatility, which sent Bitcoin (BTC) back to the $107,000 mark, has dragged Solana below its crucial support zone to a new local low of $165. Amid this performance, some analysts have suggested that SOL’s pullback may not be over, as the price risks another major correction.

Analyst Ali Martinez highlighted the cryptocurrency’s macro range between $100-$260, emphasizing that Solana must reclaim $200 to show strength and potentially target the range highs.

He previously affirmed that a confirmed breakdown from the $180 level would set the stage for further losses. Per the chart, the next support level sits around the $158 area, which marks the mid-zone of the macro range and a key support and resistance level throughout the early Q3 run and Last November’s breakout.

However, the analyst considers that the next crucial support actually “sits much lower.” As he explained, if Solana fails to bounce from the current levels and reclaim $180, it could face a 30% pullback to $115.

Meanwhile, analyst DonAlt affirmed that “It’s probably wise to have a bearish bias between here and $210 and then aggressively flip if SOL manages to flip the $210 resistance.”

Investor Bet On SOL’s Long-Term Performance

Despite the bearish outlooks, some have suggested that SOL is “showing a clean retest setup” within its long-term support. Trader Elite Crypto considers that SOL’s recent pullback “looks like a healthy correction after months of upward movement.”

He noted that the cryptocurrency is still holding a major ascending support zone that has served as a crucial bounce point since 2023. Based on this, the market watcher expects Solana’s price to retest the $158 area before the next leg up. “Overall, I am still bullish on SOL,” he affirmed.

Bitwise CEO Hunter Horsley suggested a bullish long-term performance for the leading altcoin. In an X post, he highlighted that the asset management firm “opened a bridge to Solana for many investors” with its recently launched SOL Staked Exchange-Traded Fund (ETF).

Notably, the second wave of crypto-based ETFs started trading last week, with the SOL-based investment product recording $400 million of inflows on its first four days. According to Bloomberg analyst Eric Balchunas, it led “all crypto ETPs by a country mile in weekly flows.”

Horsley highlighted that “ETF investors tend to be long term oriented,” signaling that the cryptocurrency is expected to have an overall bullish performance in the future despite the current price action.

As of this writing, SOL is trading at $167, a 17% decline in the weekly timeframe.