#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 100 to 1,000 Bitcoins, but then slightly pulled back.
- Ethereum continues to rebound above $4500, accompanied by steady inflows from exchange-traded funds.
- XRP has broken through the resistance level of a three-month downtrend line, confirming the possibility of a rebound towards its all-time high of $3.66.
The price of Bitcoin ( BTC ) hovered around $115,000 on Wednesday, having earlier surpassed $116,000, due to increased risk appetite in the broader cryptocurrency market. On the other hand, Ethereum ( ETH ), the largest currency in smart contracts, continued to rebound, exceeding $4,500, with optimists targeting its all-time high of $4,956, reached on August 24.

The attention on Ripple (XRP) remains stable, which gives bulls the opportunity to push the price above the key level of $3.00, with the target being to break through 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 to 1,000 Bitcoins continues to increase, with over 65,000 Bitcoins added in the past seven days, bringing the total holdings of this group to 3.65 million Bitcoins. According to a report 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 exchanges provides additional clues. Recently, the net outflow volume—specifically, the extraction of Bitcoin from exchanges—has dominated, indicating that investors are transferring cryptocurrencies to cold wallets rather than keeping them as liquid assets available for trading, according to a report by XWIN Research Japan.

Attached is the image of the net Bitcoin transaction flow.

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.

In addition to large holders, the demand for Bitcoin exchange-traded funds ( ETFs ) in the United States has also risen 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 fund.

As investor sentiment improves ahead of the Federal Reserve's interest rate decision next week, demand for Bitcoin and related financial products has the potential to grow, thereby stabilizing the upward trend towards the psychological barrier of $120,000.

The Ethereum exchange-traded fund (ETF) in the United States has seen inflows for the third consecutive day, following six days of outflows, indicating a significant shift in investment trends. The chart below shows that on Thursday, the total daily inflow for the Ethereum ETF reached $113 million, bringing the cumulative net inflow to $12.96 billion, with total net assets reaching $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 and has increased compared to last week. Data from CoinGlass indicates that on Thursday, the average open interest of XRP futures contracts 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.