#Crypto Market Rebound

#SOL Price Prediction
#Double Rewards With GUSD
Cryptocurrency today: Bitcoin maintains $115,000 amidst continuous accumulation, and Ethereum and XRP maintain their gains:

- The price of Bitcoin rose above $116,000, supported by demand from whales holding between 100 and 1,000 Bitcoins, but then it declined slightly.
- Ethereum continues its recovery above the $4500 level amid steady inflows from exchange-traded funds.
- XRP breaks through the resistance level of the downward trend line that has persisted for three months, confirming the possibility of a recovery towards its all-time high of $3.66.
Bitcoin price (BTC) hovers around the $115,000 level on Wednesday after surpassing $116,000 earlier in the day, amid a growing risk appetite in the broader cryptocurrency market. On the other hand, Ethereum (ETH), the largest smart contract currency, continued its rebound surpassing $4,500, as optimists target its all-time high of $4,956, which it reached on August 24.

Interest in Ripple (XRP) remains strong, allowing bulls to push for gains above the critical level at $3.00, targeting a breakout towards the all-time high of $3.66 reached on July 18.

- Data in the spotlight: Bitcoin whales support price recovery with stable institutional demand

The number of Bitcoin wallets containing between 100 and 1000 Bitcoins is continuously increasing, having added over 65,000 Bitcoins in the past seven days, bringing the total held by the group to 3.65 million Bitcoins. According to a post by XWIN Research Japan on trading platforms, demand for Bitcoin has surged, with its price hovering around $112,000.

Attached is the image of the net position of long-term Bitcoin holders.

Net flow data on exchanges provides additional evidence. Recently, net outflows - that is, withdrawals of Bitcoin from exchanges - have dominated, indicating that investors are moving coins to cold storage rather than keeping them liquid for trading, according to a report by XWIN Research Japan.

Attached is a net Bitcoin trading flow image.

If this trend continues, it may lead to a shortage in supply, which would result in price increases. However, short-term corrections can be expected, especially if the prices of financial derivatives rise excessively.

In addition to large holders, the demand for Bitcoin exchange-traded funds (ETFs) surged in the United States this week, reaching a total of $1.7 billion so far. According to SoSoValue data, the total inflows to all Bitcoin exchange-traded funds (ETFs) amounted to $553 million on Thursday.

Attached is a picture of the Bitcoin exchange-traded fund statistics.

With the improvement in risk sentiment ahead of next week's Federal Reserve decision on interest rates, demand for Bitcoin and related financial products has the potential to grow, helping to stabilize the upward trend towards the psychological level of $120,000.

Ethereum exchange-traded funds in the United States have seen inflows for the third consecutive day, following six days of outflows, reflecting a notable shift in investment trends. The chart below shows that Ethereum exchange-traded funds experienced total daily inflows of $113 million on Thursday, bringing the cumulative net inflows to $12.96 billion and total net assets to $28.51 billion.

Attached is a picture of the Ethereum exchange-traded fund statistics.

Meanwhile, individual interest in XRP remains relatively high compared to last week. Data from CoinGlass shows that the average open interest (OI) on XRP futures contracts reached $8.51 billion on Thursday, up from $7.37 billion on Sunday.

The rising OI trend indicates that investors are betting on XRP's ability to maintain its recovery to its all-time high of $3.66 reached on July 18.