Bitcoin Reclaims $115,000 as Crypto Market Rebounds

Over the past 24 hours, Bitcoin rose by 1.3%, while Ethereum climbed 2.8%. ETH’s recovery followed a reversal in Ethereum ETF flows, which brought in more than $73 million on Tuesday after two consecutive days of outflows, according to data from Farside Investors.

Meanwhile, Bitcoin ETFs continued to see net outflows, though the pace slowed significantly—from $819 million last Friday, to $333 million on Monday, and $196 million on Tuesday.

Despite the capital outflows and BTC currently trading 6% below its mid-July all-time high, analysts remain optimistic about the long-term market trend.

Ryan Rasmussen, Head of Research at Bitwise, commented:

“Looking back at previous bull markets, we’ve never seen a straight line up. Volatility is a natural part of the process. When prices hit new highs, traders tend to get over-excited and increase leverage. Then, when prices drop, they’re forced to sell or face liquidation — leading to sharp, short-term sell-offs followed by rebounds. That’s exactly what we’ve seen over the past week.”

Last Friday, total crypto liquidations topped $900 million as Bitcoin fell to around $113,000, Ethereum dropped to $3,500, and XRP (a Ripple-linked token) dipped to $2.92. However, by Wednesday, all three had bounced back, with weekly losses narrowing to just 1%–3%.

Other leading tokens like Solana and BNB also joined the rally, each gaining over 3% in the past 24 hours — outperforming the overall market, which rose 1.8%, according to CoinGecko data.

Rasmussen emphasized that Bitwise remains committed to a long-term investment approach:

“We believe that, despite short-term volatility, we’re in the middle of a prolonged, multi-year bull market. Volatility along the way is an opportunity for investors to strategically position their portfolios for long-term crypto growth.”