Santiment: Traders Bullish Once Again, Betting on Bitcoin to Rise to $110,000

Price trends, social sentiment, and on-chain investor behavior have diverged.

1. Justin Sun released a preliminary plan for distributing SunPump protocol revenue to the community, which will be submitted to the community for voting and will be officially implemented after approval. All SunPumpMeme revenue will be returned to the community through liquidity donations, enhancing compliance, accumulating liquidity, and stabilizing the price of SUN tokens. 2. According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 69%, and the probability of a 50 basis point cut is 31%. In addition, the possibility of cumulative interest rate cuts by November is also predicted. 3. In August, the overall net inflow of spot Ethereum ETFs was $6.83 million, of which BlackRock ETHA increased its holdings by 146,658 ETH, Fidelity FETH inflow was $114 million, Bitwise ETHW inflow was $29 million, Grayscale Mini ETH inflow was $38 million, and Grayscale ETHE outflow was $583 million. 4. Crypto market analysis agency Santiment said that Bitcoin showed signs of recovery, and the growth of cryptocurrencies that are not dependent on stocks shows that the crypto industry is strong, and there are signs that a rebound is coming. 5. The LayerZero Foundation launched a community plan to allocate 5 million ZRO tokens to community members, builders or content creators to incentivize community participation and contribution.

BTC is in a pre-halving correction period, with Standard Chartered predicting it will reach $150,000 by the end of the year.