4E: ETH rose by more than 20% in August, SOL may welcome a gold cross-trade

According to 8-During the 29th news, according to 4E observation, there are currently 92 crypto asset ETP products registered or applied for in the US market, indicating that traditional finance continues to explore crypto market tools. At the same time, on-chain data shows that the number of Bitcoin profitable wallets exceeded 55 million, setting a record high, with an average holding time of 4.4 years. At the macro policy level, the US Department of Commerce put GDP data on the chain for the first time, covering nine mainstream public chains including Bitcoin, Ethereum, Solana, etc., and distributed them simultaneously through Python and Chainlink oracle, marking the further application of blockchain in official data transmission. The price of short-term U.S. Treasury bonds is under pressure due to strong economic data, and market expectations for the Fed's interest rate cut in September have differentiated. In terms of market conditions, Solana has a gold cross pattern. Analysts point out that its trend may be similar to 2021 and 2023, triggering a potential increase of more than 10 times. At the same time, institutions such as Galaxy Digital plan to raise $1 billion for the Solana fund to provide financial support for further price increases. Ethereum has risen 20.6% in August so far, and if it maintains its current level, it will record its fourth positive return in history in August; in contrast, Bitcoin fell 4.58%, or record a negative return in August for the fourth consecutive year. Analysts believe that funds are gradually shifting from BTC to ETH and high Beta altcoins, and the probability of the market entering the copycat season is increasing. 4E reminds investors: Institutional layout and capital rotation have accelerated the market rhythm, but short-term volatility risks still exist. Investors should pay attention to macro data and on-chain signals and reasonably grasp the position rhythm.