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Bitwise Predicts Solana’s Bullish 2026: Is SOL Set to Rebound?
Key Takeaways
- Solana (SOL) has shown resilience despite recent declines, with optimistic long-term outlooks from institutions like Bitwise.
- The SOL price has fallen to around $123, breaking key support as the broader crypto market remains weak.
- Solana remains a leader in DApp revenue, claiming a top spot consistently over the past 19 months.
- While short-term volatility exists, institutional interest and ETF inflows continue to bolster Solana’s investment appeal.
WEEX Crypto News, 18 December 2025
The Solana ecosystem, despite recent price declines, has been spotlighted by Bitwise as a promising venture that could surpass previous highs by 2026. While the past few weeks have seen Solana prices dipping, affecting the market sentiment, industry stakeholders maintain an optimistic outlook. The digital asset now sits around $123, having broken through the crucial $130 support level—a situation reflecting broader market challenges.
Current Market Sentiment Around Solana
Over the last day, Solana’s value saw a 4% decrease, aligning with a larger crypto market downturn of 1.5%; cumulatively, this represents a 7.5% decline over the week. This recent adjustment is attributed to macroeconomic pressures and perceived vulnerabilities in the cryptocurrency realm. Despite these setbacks, some investors, emboldened by potential long-term gains, await an opportune moment to re-enter the market.
According to Bitwise’s recent market outlook, the long-term growth prospect of Solana remains substantially bright. Their analysis underscores the continued strengthening of Solana’s foundational attributes as the primary driver for future price surges. Back in January 2025, Solana had peaked at a value of $294.33, a stark contrast to its present valuation—a descent of nearly 58%.
Institutional Investments and ETF Inflows
Institutional investments consistently flow into Solana, despite market turbulences. On December 17th alone, Solana’s spot ETF saw net inflows approximating $10.99 million, with $6.96 million credited to Bitwise’s BSOL fund. This contribution increased its total assets under management to $613 million. Simultaneously, Fidelity’s FSOL ETF recorded inflows of $2.89 million, showcasing sustained interest from institutional investors.
Furthermore, blockchain data analytics from Syndica reveal Solana’s impressive DApp income leaderboard status. Not only has Solana led in this domain for 19 consecutive months, but it also accounted for 31% of the total decentralized application income across L1 and L2 networks as of November 2025. This performance highlights the ecosystem’s vibrant activity and solid user base.
Technical Analysis: Navigating Solana’s Price Trajectory
Despite its resilient components, Solana is not immune to short-term market shifts. With its recent dip beneath $130, the focal support line has repositioned to $120. Any breach below this level could prompt further price targets of $110, possibly touching as low as $100. On the contrary, reclaiming $130 and surpassing $140 could denote a favorable uptrend, nudging Solana towards the $150 territory.
The technical landscape indicates that Solana’s price is subjected to current market sentiment, though it benefits from a robust institutional backing and consistent involvement in DApp development.
The Broader Altcoin Market Context
Solana’s recent statistics echo the challenges faced by various alternative coins. According to available data, Solana’s total value locked (TVL) recently dropped to $8.67 billion, marking a six-month low. This scenario parallels other altcoins that mirror the broader speculative sentiments prevailing within the crypto sphere.
Nonetheless, despite the current valuation downturns, Solana persists as a key internet blockchain with substantial cyclical growth potential, per expert predictions and financial inflows. Its technological edge, low transaction fees, and fully developed ecosystem continue to attract developers and investors alike.
Positioning Solana in Your Portfolio
The current Solana outlook encourages investors to consider potential long-term gains. As Solana aligns itself as a staple in a well-diversified crypto portfolio, new investors may explore the opportunities presented by its volatile pricing, especially via institutional-grade instruments like ETFs.
To explore opportunities in leveraging Solana and other promising cryptocurrencies, you might consider signing up for advanced trading platforms like WEEX for an optimized trading experience [sign up here](https://www.weex.com/register?vipCode=vrmi).
FAQ
What is driving Solana’s long-term growth?
Solana’s growth is driven by robust network fundamentals like its processing speed, low transaction costs, and mature ecosystem, which attracts continuous institutional interest and investment products.
How is the institutional interest in Solana trending?
Despite the broader market downturn, institutional demand for Solana remains strong, evidenced by steady ETF inflows and institutional product offerings focusing on Solana.
What price corrections are Solana experiencing now?
Solana recently dropped to approximately $123, having broken the $130 support level, reflecting broader market pressures and potential short-term volatility.
How significant is Solana’s role in the DApp market?
Solana leads the DApp market with a consistent top position for 19 months, capturing about 31% of all revenues in the L1 and L2 DApp spaces.
Are there foreseeable risks with holding Solana?
While favorable in the long-term, Solana may face short-term volatility risks, which can be exacerbated by macroeconomic factors and fluctuating investor sentiment in the crypto markets.
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Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.
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