Solana Breaks $191 Amid $11M Short Liquidations and $39M in Weekly Institutional Inflows

Solana Hits $191 as Short Liquidations and Fund Inflows Signal Renewed Institutional Interest

Solana’s native token, SOL, climbed to $191.56 on Monday, extending its recent rally amid a surge in short liquidations and rising institutional inflows. The asset gained 6.55% over the past 24 hours, supported by both technical momentum and broader market optimism.

According to data from Solana analytics platform SolanaFloor, more than $11 million in short positions were liquidated as SOL broke through the critical $190 level. The largest single liquidation occurred at $188, totaling $1.13 million, indicating that bearish bets were squeezed during the rapid move upward.

On the institutional front, CoinShares’ latest Digital Asset Fund Flows Weekly Report, published Monday, revealed that Solana-based investment products attracted $39 million in inflows for the week ending July 19—marking one of the strongest showings among altcoins and highlighting renewed interest from professional investors.

Well-known crypto analyst DonAlt commented on X (formerly Twitter) that while Ethereum remains his top pick, Solana’s setup “looks ready for a breakout” if current resistance is flipped convincingly. His technical chart pointed to the potential for price discovery beyond prior all-time highs should SOL maintain bullish momentum.

Technical Breakdown

Between July 20 at 09:00 UTC and July 21 at 08:00 UTC, SOL rose from $180.77 to $189.82, a 5.01% gain, according to CoinDesk Research.
The 24-hour trading range stretched from $178.08 to $190.77, reflecting a 6.65% volatility window.
Strong buying emerged at $178.30, forming key support as volume spiked to 2.27 million at 22:00 UTC on July 20.
Resistance at $183.20 was decisively breached early July 21, with volume remaining consistently above the daily average of 1.29 million.
In the final trading hour (07:09–08:08 UTC), SOL climbed from $189.26 to $189.70, touching a session peak of $190.77 at 07:48 before minor profit-taking ensued.

With short sellers on the back foot and institutional capital returning, Solana appears poised for further upside—provided bullish momentum holds above the $190 mark.