Solana (SOL) extends the correction, trading below $82 at the time of writing on Thursday after being rejected from key resistance the previous day. Institutional demand continues to weaken, as SOL spot Exchange Traded Funds (ETFs) recorded an outflow on Wednesday, following the largest single-day withdrawal since their launch. Weakening derivatives data alongside a bearish technical outlook suggest further losses ahead.

Cardano (ADA) is under renewed selling pressure, extending Wednesday’s 4% loss below $0.2500 at press time on Thursday. Intense long liquidations in the ADA futures over the last 24 hours suggest waning bullish interest among traders. Cardano must reclaim the 50-day Exponential Moving Average (EMA) at $0.2672 for…