#Crypto Market Rebound

#SOL Price Prediction
#Double Rewards With GUSD
Today's cryptocurrency: Bitcoin holds at $115,000, continuing to accumulate, while Ethereum and XRP maintain their gains:
- The price of Bitcoin rose above $116,000, supported by the demand from whales holding between 100 to 1,000 Bitcoins, but then saw a slight pullback.
- Ethereum continues to rebound above $4500, supported by stable inflows from exchange-traded funds.
- XRP has broken through the resistance level of the downward trend line that lasted for three months, confirming the possibility of a rebound towards its historical high of $3.66.
The price of Bitcoin ( BTC ) hovered around $115,000 on Wednesday, having earlier exceeded $116,000, due to increased risk appetite in the broader cryptocurrency market. Meanwhile, Ethereum ( ETH ), the largest currency for smart contracts, continued to rebound, surpassing $4,500, with optimistic targets set at its all-time high of $4,956 reached on August 24.
Interest in Ripple (XRP) remains stable, giving bulls an opportunity to push the price above the key level of $3.00, with the aim of surpassing the historical high of $3.66, which was reached on July 18.
- Data Focus: Bitcoin whales support price recovery amid stable institutional demand.
The number of Bitcoin wallets holding between 100 and 1,000 Bitcoins has continued to rise, increasing by over 65,000 Bitcoins in the past seven days, bringing the total holdings of this group to 3.65 million Bitcoins. According to a release by XWIN Research Japan on the trading platform, the demand for Bitcoin has increased, with the current price hovering around $112,000.
Attached is an image of the net position of long-term Bitcoin holders.
The net outflow data from the exchange provides additional clues. Recently, net outflow volume—i.e., the withdrawal of Bitcoin from the exchange—has been dominant, indicating that investors are transferring cryptocurrencies to cold wallets rather than keeping them as liquid assets for trading, according to a report by XWIN Research Japan.
Attached is the image of the net trading flow of Bitcoin.
If this trend continues, it may lead to supply shortages, thereby driving up prices. However, a correction is expected in the short term, especially if the prices of financial derivatives rise excessively.
Aside from large holders, demand for Bitcoin exchange-traded funds ( ETFs ) in the United States has also increased this week, reaching a total of $1.7 billion. According to SoSoValue data, as of Thursday, the total inflow for all Bitcoin exchange-traded funds ( ETFs ) was $553 million.
Attached is the statistical data image of the exchange trading Bitcoin funds.
As investor sentiment improves ahead of the Federal Reserve's interest rate decision next week, the demand for Bitcoin and related financial products has the potential to grow, thereby stabilizing the upward trend and moving towards the psychological barrier of $120,000.
The Ethereum spot exchange-traded fund (ETF) in the United States has seen inflows for the third consecutive day, following six days of outflows, reflecting a significant shift in investment trends. The chart below shows that on Thursday, the total daily inflow into the Ethereum exchange-traded fund reached $113 million, bringing the cumulative net inflow to $12.96 billion and the total net assets to $28.51 billion.
Attached is the statistical data chart of the Ethereum exchange traded fund.
At the same time, individual interest in XRP remains relatively high, having increased compared to last week. CoinGlass data shows that the average open interest of XRP futures contracts on Thursday reached $8.51 billion, up from $7.37 billion on Sunday.
The upward trend of OI indicates that investors are betting on XRP's ability to maintain its historical high of $3.66 reached on July 18.