The cryptocurrency market opened Tuesday on a steadier note, with Bitcoin maintaining its footing above the $104,000 mark amid easing global pressures and improving liquidity conditions.
The world’s largest digital asset traded near $105,200, extending Monday’s rebound from the critical $100,000 support level that many analysts view as a structural floor for recent pullbacks.
Ethereum hovered around $3,550, while Solana (SOL) and BNB recorded minor declines, according to data from The Block. The total cryptocurrency market capitalization stood at roughly $3.6 trillion, supported by renewed investor appetite following optimism around a potential reopening of the U.S. government and a more favorable regulatory tone globally.
Analysts See Early Signs of Structural Stability
According to Timothy Messer, Head of Research at BRN, the week’s muted price movements may signal the start of the first genuine consolidation phase since the debt-unwinding cycle that rattled markets in October and early November.
“Market sentiment has shifted from fear to cautious optimism,” Messer said. “That’s often the first step toward resilience.”
He noted that spot trading volumes have been gradually rising, while excess leverage continues to unwind, a combination that contributes to a more balanced market structure. “We’re witnessing a quiet rebuilding phase beneath the surface,” Messer added, “one that points toward a more stable foundation.”
Institutional accumulation also appears to be returning. According to BRN’s analysis, Strive added about $162 million in Bitcoin to its holdings, Strategy increased its exposure by $50 million, and Bitmine expanded its Ethereum position by 34%.
Messer said the data indicate a shift from speculative leveraged trades to spot accumulation, which often precedes more sustainable rallies. He described the $100,000–$108,000 range as a medium-term support zone, with upside potential capped near $108,500–$111,000 unless inflows accelerate.
Solana Spot ETFs Extend Record Inflow Streak
Meanwhile, Solana-linked spot ETFs in the United States have now recorded ten consecutive days of net inflows, underscoring persistent institutional interest in the blockchain’s expanding ecosystem.
Data from SoSoValue show that Solana ETFs attracted a combined $6.78 million in net inflows on Monday, led by $5.92 million into Bitwise’s BSOL fund and $854,480 into Grayscale’s GSOL product, the only other Solana-based spot ETF currently active.
Since the launch of BSOL on October 28, the two funds have collectively brought in more than $342 million in net inflows, maintaining positive momentum aside from two inactive trading days for GSOL. Although Monday’s figure marked the smallest daily intake since launch, analysts say it reflects a natural cooldown following the strong initial wave of demand that saw roughly $200 million enter the funds during their first week.
Nick Rock, Director of Research at LVRG, said the inflows have “far exceeded pre-launch expectations,” which had suggested that institutional adoption might be constrained by perceived regulatory and technical risks tied to Solana.
“Investors are now viewing Solana ETFs as a high-beta complement to Bitcoin and Ethereum funds,” Rock said, noting that the products offer diversified exposure to the Solana ecosystem in exchange for higher volatility.
Bloomberg ETF analyst Eric Balchunas described the performance as “a strong showing and a positive signal for altcoin-linked investment products.”
Rock added that continued inflows are likely to provide price support for SOL, helping to stabilize supply dynamics and draw further institutional capital. As of Tuesday morning, Solana was trading near $164, down 1.85% over the previous 24 hours.
