Bitcoin’s price has spent the past week hovering within a tight band and bouncing between $108,000 and $112,000 without any clear direction yet. There have been multiple rejections at the $112,000 price level and technical analysis shows pressure around the 200-day moving averages on the four-hour chart. Notably, a technical analysis shared by crypto analyst Daan Crypto shows Bitcoin is at risk of a breakdown below $100,000, but bulls still have a chance to stage a recovery rally in the weeks ahead. Analyst Warns About Sweep Of Monthly Lows In his latest post on the social media platform X, Daan Crypto Trades noted that Bitcoin is currently indecisive, and its price action is leaning toward a sweep of the monthly lows. This movement is based on the 4-hour candlestick timeframe chart, which shows the Bitcoin price was recently rejected at the 200MA/EMA last week. Related Reading: Looking For A Good Bitcoin Entry? Crypto Research Firm Reveals The Best Time To Buy BTC The 4-hour candlestick chart below shows Bitcoin has been trading in a defined range since August 25, with equal lows forming a weak base around $107,000 and liquidity sitting just beneath. This makes a stop-hunt sweep a possible next step. Such a move, the analyst explained, would likely open up a bearish case of panic across the market, which might eventually cause fears of Bitcoin collapsing under the $100,000 price level. However, the analyst also identified the $103,000 to $105,000 price zone as the support level where buyers can step in. This area, according to him, would also be a logical entry point for swing long positions if the Bitcoin price indeed breaks down below $107,000. Conditions For A Bullish Recovery According to the analysis, Bitcoin bulls have a chance to prevent any breakdown below $100,000 by holding above $105,000 to $103,000. Despite laying out a bearish base case, Daan also described a roadmap for the bulls. Related Reading: Crypto Analyst Warns 90% Bitcoin Price Crash Is Coming, Here’s When The first condition would be strength above $115,000, which would mark a break of August’s range low, which has turned into resistance in the first week of August. A break and close above $115,000 would invalidate any short-term bearish momentum. Alternatively, he pointed to a quick liquidity grab below the monthly lows at $107,000, followed by a reclaim of the $107,000 and $112,000 levels, as the most bullish scenario. According to the analyst, this second setup could pave the way for a sustained one-to-two-month uptrend rally through October and November. For now, the analyst said he is on the sidelines except for short-term scalps. At the time of writing, Bitcoin is trading at $111,733, up 0.7% in the past 24 hours. Featured image from Pixabay, chart from Tradingview.com
Crypto markets head into what could be a regime-setting macro week as “this week could reshape everything for the Fed and markets,” warned the @_Investinq account in a weekend thread that laid out a dense sequence of US macro catalysts landing between Tuesday and Friday. While the posts weren’t about crypto per se, the chain of events they describe—labor‐market revisions, wholesale and consumer inflation, jobless claims, energy inventories, and consumer expectations—map almost one-for-one onto the key drivers of the US dollar and Treasury yields. Those, in turn, are the two macro levers that most reliably move digital assets, with bitcoin historically trading inversely to both the dollar and real yields. Crypto Volatility Alert: Fed’s Make-Or-Break Data Week Is Here The week opens with an unusually consequential Tuesday: at 10:00 a.m. ET on September 9, the US Bureau of Labor Statistics will publish its preliminary benchmark revision to March 2025 payrolls alongside the QCEW. This is the annual “fact check” of the establishment survey that anchors jobs data to unemployment-insurance tax records covering more than 95% of payroll jobs. BLS has already flagged the timing; outside research shops have spent weeks priming markets for a significant down-adjustment. Goldman Sachs estimates a reduction on the order of 550,000 to 950,000 jobs for the twelve months through March 2025—potentially the largest 12-month markdown since 2010—an expectation echoed across several market digests and news outlets. Related Reading: Crypto Bull Run: Probability Of Fed Rate Cuts In September Almost At 100% The context matters: last year’s preliminary benchmark for March 2024 carved 818,000 jobs off previously reported totals, the biggest hit since the Great Financial Crisis, and it drove a reassessment of labor momentum into the fall. @_Investinq framed it this way: “Think of it as a yearly ‘fact check’ on job growth.” For crypto, a sizable downward revision would validate the “growth-is-slowing” narrative now feeding rate-cut bets into the September FOMC, a backdrop that has historically coincided with softer USD and more supportive cross-asset liquidity. Wednesday morning brings the wholesale inflation check. July’s Producer Price Index re-accelerated to +0.9% m/m and +3.3% y/y, with “final demand” goods up 0.7% and services up 1.1%; the BLS singled out a near 39% jump in fresh and dry vegetable prices and noted that financial services, lodging, and airfares contributed to the services surge. Under the hoods, “core PPI” ex-food and energy rose 0.9% m/m and 3.7% y/y, while the broader trimmed core (excluding food, energy and trade services) advanced 0.6% m/m and 2.8% y/y. @_Investinq cautioned: “Both goods and services are running hot, making it harder for the Fed to dismiss inflation.” Another firm print for August PPI would stiffen the dollar, push up yields, and typically pressure rate-sensitive risk assets—including high-beta crypto. Conversely, a cool-down would ease those headwinds. The August PPI is due Wednesday, Sept. 10 at 8:30 a.m. ET. Energy is the second macro input mid-week. The EIA Weekly Petroleum Status Report hits Wednesday at 10:30 a.m. ET. Draws in crude stocks tend to push oil higher at the margin; higher energy costs feed directly into headline inflation and indirectly into core via transport and production costs. That’s not a crypto-specific datapoint, but it shapes inflation expectations and, by extension, real-yield dynamics that crypto trades against. All Eyes On The CPI The main event is Thursday’s Consumer Price Index, the last inflation read before the Fed’s September 16–17 meeting. In July, headline CPI rose +0.2% m/m and +2.7% y/y, while core CPI ticked up to 3.1% y/y from 2.9%, with sticky categories including shelter, healthcare, recreation, and auto insurance offsetting cheaper energy. “This CPI is the final inflation report before the September Fed meeting,” @_Investinq reminded followers. The August CPI lands Thursday, Sept. 11 at 8:30 a.m. ET. A softer-than-expected print would strengthen the case for a larger policy move, while a surprise re-acceleration—particularly in services—could cap a dovish reaction even if the Fed still cuts. For digital assets, the sign of the surprise matters: cool CPI tends to mean a weaker dollar and flatter real yields, both historically constructive for Bitcoin and the entire crypto market; hot CPI often does the opposite and usually hits altcoins hardest. Also Thursday at 8:30 a.m. ET, weekly jobless claims arrive—a high-frequency pulse on labor slack. “Low claims = strong labor = hawkish Fed. Rising claims = cracks in labor = dovish tilt,” as the @_Investinq thread put it. Markets increasingly treat this series as a tie-breaker when inflation is ambiguous. Officially, the Labor Department’s unemployment-insurance release hits every Thursday morning at 8:30. Friday closes with the University of Michigan preliminary September sentiment and inflation expectations at 10:00 a.m. ET. August sentiment fell to 58.2 (final) from 61.7, while 1-year inflation expectations rose to 4.8%, up from 4.5% in July—what the @_Investinq thread labeled a “toxic combo” of weaker mood and firmer expectations. Related Reading: Spot Crypto Trading Gets Major Green Light From US Regulators The Fed watches expectations closely because they tend to shape wage/price behavior; for crypto, higher expected inflation can be a double-edged sword: if it lifts yields and the dollar it’s a near-term drag, but in more extreme risk-off episodes it has also coincided with flows into “anti-debasement” narratives around BTC and gold. FOMC Looms Over Crypto All of this lands in a Fed blackout window ahead of the September decision. The FOMC calendar confirms a September 16–17 meeting, and after Friday’s soft jobs report (nonfarm payrolls +22,000, unemployment 4.3%), several banks moved to price in a cut, with some houses openly debating 25 vs 50 basis points depending on the CPI/PPI path this week. That debate is exactly why “a small decimal swing here could shift trillions,” as @_Investinq put it. From a crypto-specific lens, the distinction matters: a standard 25 bps cut with benign inflation likely weakens the dollar modestly and supports Bitcoin and crypto on the margin; a surprise-large 50 bps cut on the heels of large jobs revisions would underscore growth risk and could flatten the entire curve. The immediate setup therefore looks binary for crypto assets. If Tuesday’s benchmark revision is large and Thursday’s CPI cools, the “USD down / yields down” impulse that crypto likes could reassert into the FOMC, potentially reinforcing a swing back to net inflows into crypto asset funds after episodic outflows in late August. If, however, PPI and CPI print hot, expect the dollar bid to harden, real yields to back up, and the pressure to fall disproportionately on high-beta altcoins while bitcoin’s relative strength—and spot ETF demand—acts as a cushion. As @_Investinq summarized, “This week isn’t just data, it’s the Fed’s last look before September… and markets will trade every decimal.” For crypto, that translation is straightforward: every tenth of a percentage point in PPI/CPI and every hundred thousand jobs in the benchmark revision will be read through the dollar–yields prism and priced first into BTC liquidity, then into altcoin beta. The calendar is set; the pivots will be macro. At press time, the total crypto market cap stood at $3.82 trillion. Featured image created with DALL.E, chart from TradingView.com
Bitcoin is once again at a pivotal level, with selling pressure dominating the market and volatility shaking investor confidence. After weeks of choppy trading, BTC is barely holding above the $110,000 mark, a threshold that many analysts view as critical for maintaining a bullish structure. Momentum has clearly shifted in recent sessions, and the market is now bracing for the possibility of a deeper correction. Related Reading: Old Bitcoin Supply Unlocks: 7,626 BTC Aged 3–5 Years Moves Onchain Adding to the concern, top analyst Axel Adler shared insights from the Bitcoin UTXO Age Metrics, which reveal growing signs of distribution from long-term holders. Historically, when older coins begin to move, it often signals that experienced investors are taking profits and releasing supply back into the market. Such behavior has repeatedly preceded periods of downside pressure, as the influx of long-held BTC creates hurdles for bulls to overcome. While Bitcoin has shown resilience throughout this cycle, the combination of distribution signals and mounting uncertainty makes the coming days crucial. If BTC fails to hold its current support, the door could open to lower levels, testing investor conviction. The spotlight is now on whether demand can match the renewed selling from long-term holders and stabilize the market. Bitcoin LTH Aging Velocity Signal Market Shift According to Adler, the LTH Aging Velocity (30-day) offers valuable insight into the current Bitcoin market structure. This metric measures the change in the long-term holder (LTH) supply share over a 30-day period, effectively showing the momentum of supply aging among experienced holders. When the metric is above 0, more coins are maturing into long-term supply, indicating accumulation. When it is below 0, the LTH share is decreasing, signaling distribution. Zero crossings often mark regime changes, and the last one occurred on July 16th at $118,000. Currently, the metric sits at -1.2%, which means LTH supply is decreasing while the share of young short-term holder (STH) supply is growing. This reflects an active redistribution, with long-term holders selling coins to newer participants as the price rises. Adler highlights that the last LTH accumulation peak occurred when Bitcoin traded between $100,000–$108,000, a range that provided the foundation for the most recent rally. Judging by historical patterns, another 2% of LTH supply could be distributed in the near term—equivalent to roughly 300,000 BTC. This suggests that while Bitcoin still holds strong above the $110,000 level, selling pressure from long-term holders remains an important factor. If demand from ETFs and institutions does not keep pace, the market could face renewed downward pressure before stabilizing. For now, this shift in aging velocity underscores that the balance of power is tilting, with long-term holders gradually passing supply to new players. Related Reading: Bitcoin Cycle Structure Questioned As VDD Mirrors Historic Tops Price Analysis: Consolidation Holds, Resistance Ahead Bitcoin’s 8-hour chart shows the price trading at $111,711, consolidating just above the $111K level after weeks of volatility. The chart highlights a recovery attempt from late August’s dip near $108K, but BTC has yet to reclaim stronger resistance zones. The moving averages show mixed signals: the 50 SMA (blue) remains below the 100 SMA (green) and 200 SMA (red), indicating bearish momentum still dominates the mid-term. Price action is currently hovering between the 50 SMA at $111K and the 100 SMA at $114K, which forms an immediate resistance zone. A decisive break above $114K could open the door to $118K, but failure to do so may result in another retest of $110K or even $108K. Related Reading: Binance Sees Massive Ethereum Whale Outflows: Demand Remains Strong Market structure remains choppy, with lower highs forming since the $124K peak in mid-August. This suggests selling pressure persists as bulls struggle to regain control. On the downside, strong support lies near the $108K region, which has held multiple times. Losing this level would increase the risk of a deeper pullback toward $105K. Featured image from Dall-E, chart from TradingView
The Bitcoin price chart is now flashing a head and shoulders pattern with quite a clear plan for what could be coming next. Mix in the fact that there is an unfilled Fair Value Gap (FVG) available for the time being, with a high probability of being filled. This makes for a good idea for how the Bitcoin price could play out in the new week. However, there is also the possibility of a crash with resistance mounting that could cause trouble for the cryptocurrency. Filling The Fair Value Gap At $114,000 Crypto analyst Xanrox revealed that the first Bitcoin Fair Value Gap (FVG) opened up right above $114,000 following the last crash. This gap left a hole for liquidity that could attract more buy-ins to trigger another run. This fair value gap is also sitting above the Head and Shoulders pattern that has formed on the chart. Related Reading: Analyst Forecasts XRP To Stage Amazon-Like Rally To $200 With the gap still open and more likely to be filled, it suggests that the Bitcoin price could see a first initial run-up from here. This would take it all the way up to $114,000, and this is where the real problem comes in. This is because there is a lot of resistance building up above the fair value gap that could be triggered once the liquidity is sucked dry. Xanrox further explains that many traders have placed their stop loss orders above $114,000, which also adds to the mounting pressure at this level. Thus, whales will use this opportunity to take out all of the liquidity before they start to push the Bitcoin price back down. Bitcoin Price On The Edge Of A Crash Once the fair value gap is filled at $114,000, then there is the next phase of the trend, which is more bearish. In the post, the crypto analyst predicts that the price will begin another dump. This will be triggered by the lack of liquidity and the completion of the Head and Shoulders pattern. Related Reading: Ethereum Exchange Balance Turns Negative For The First Time – Why This Is Bullish For Price The crash is expected to go deeper than the current local low from August, plummeting below the support at $108,000. The more than 10% crash after filling the fair value gap is expected to push Bitcoin back down as low as $106,000 before finding a bottom. Xanrox expects all of this to play out this month, citing multiple factors for this. “We may see a huge dump because it’s September and it’s statistically the worst performing month for Bitcoin and also for the stock market,” the analyst stated. Featured image from Dall.E, chart from TradingView.com
In his latest daily technical outlook, Cryptowzrd highlighted that Bitcoin closed the day with a gravestone doji, while holding above a critical level. According to the analysis, more bullish candles are needed to sustain momentum and push the price toward the $120,000 resistance, especially as the market contends with ongoing fundamental pressures. Fundamentals Support Bitcoin Despite Weak NFP Print Cryptowzrd highlighted that the daily candle of Bitcoin closed indecisively, signaling uncertainty as the market evaluates its next move. Despite this indecision, BTC remains above the crucial $110,500 level, which continues to serve as a strong support zone. This level remains critical in determining whether bullish momentum can be sustained in the short term. Related Reading: Bitcoin Battles Key Support: Can September’s Dip Set The Stage For A Q4 Rally? The analyst noted that Bitcoin has maintained its bullish edge even in the face of a lower-than-expected NFP print, triggered by fundamental commentary. This development suggests that broader market sentiment is still supportive of BTC, and technical strength is being reinforced by macroeconomic factors. From a weekly perspective, traditional markets have closed on a bullish note, adding further support to Bitcoin’s potential upside. However, a series of consecutive bullish daily candles is needed to solidify confidence in a rally toward the $120,000 resistance level. Without this confirmation, the market could remain in a holding pattern, leaving room for volatility and short-term swings. On the downside, he cautioned that if Bitcoin breaks below the $110,500 level by mid-week, it could open the door for a deeper correction, potentially testing the $100,000 support zone. Such a move would shift market dynamics, increasing selling pressure and creating strategic opportunities for traders to position for short-term downside plays. Over the weekend, Cryptowzrd will be closely monitoring lower-time frame charts to identify actionable scalp opportunities while ensuring that the current position above $110,500 remains secure. Intraday Volatility Driven By NFP And Market Fundamentals Concluding his analysis, the analyst highlighted that the intraday chart of BTC has been volatile, influenced by recent fundamental commentary and the lower-than-expected NFP print. This volatility reflects the market’s uncertainty, as traders weigh both technical and macroeconomic factors. Related Reading: Bitcoin Market Base Turns Neutral-Bearish As Flows Stay Weak He noted that a decisive move above $113,200 would signal stronger bullish momentum, potentially pushing Bitcoin higher and helping to secure the current position. Such a breakout signals that buyers are regaining control of the market. On the other hand, a drop below $110,400 could open the door for additional downside. For now, the analyst plans to wait patiently for the market to form a more mature trade setup before taking the next actionable position. Featured image from Getty Images, chart from Tradingview.com
Bitcoin has held up strongly compared to the companies that have adopted it as part of their treasury strategy, but the gap between the digital asset and these firms is becoming more pronounced. Over the last 10 weeks, stocks of Bitcoin Treasury Companies (BTCTCs) have fallen sharply, shedding between 50% and 80% of their value. This divergence shows an unusual pattern, effectively creating a “1:4 ratio” in cycle behavior. Related Reading: MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner? 12 Mini-Bear Markets In 18 Months Bitcoin’s price action in the past 18 months has mostly been in a bullish cycle on the macro end, with the leading cryptocurrency creating new price highs upon new price highs within this period. This has caused an increase in many companies adopting a Bitcoin treasury strategy in their balance books, also known as Bitcoin Treasury Companies (BTCTCs). However, according to data from crypto commentator Mark Moss, the stock prices of companies with a Bitcoin strategy have diverged from Bitcoin, shedding between 50% and 80% of their stock value over the last ten weeks. This divergence, Moss noted, shows an unusual 1:4 cycle ratio where corporate Bitcoin holders undergo four mini-cycles for every one Bitcoin market cycle. The Japanese firm MetaPlanet is the prime case study for this occurrence. Over the last 18 months, its stock ($MTPLF) has gone through 12 distinct drawdowns, ranging from sharp single-day plunges to prolonged declines stretching over months. On average, these downturns erased 32.4% of value and lasted about 20 days. The shortest correction was a brutal one-day slide of 22.2% in April 2024, while the longest and deepest crash lasted 119 days from July to November 2024, wiping out 78.6%. The chart below, of MetaPlanet’s stock, shows repeated selloff cycles that appear far more compressed and extreme than Bitcoin’s price corrections in the past 18 months or so. MetaPlanet Stock Price: Mark Moss on X Correlation With Bitcoin? Interestingly, only 41.7% of MetaPlanet’s drawdowns have directly lined up with Bitcoin’s corrections. Out of the 12 mini-bear markets identified, just 5 occurred in sync with BTC’s declines. The majority (7 out of 12) were unrelated to Bitcoin and were instead caused by company-specific factors. According to Moss, these factors include warrant exercises, fundraising activities, and compression of the Bitcoin premium that MetaPlanet trades at compared to its BTC holdings. The two most severe drawdowns, however, did overlap with Bitcoin volatility. The -78.6% collapse in late 2024 and a -54.4% drawdown both coincided with periods when Bitcoin itself was undergoing corrections. These overlapping events suggest that while BTC volatility sometimes adds to the drawdown, MetaPlanet’s stock selloffs tend to extend beyond Bitcoin downturns. Essentially, what this means is that instead of BTC 4-year cycles, BTCTCs are now more like 4 cycles in 1 year. At the time of writing, Bitcoin is in a correction phase and is struggling to hold above the $110,000 support level. Popular BTCTC stocks are also struggling with downtrends alongside Bitcoin. Strategy’s stock is down 37.1% from its 52-week high, while MetaPlanet is down 58.6%. Others, like The Smarter Web Company PLC (-83.6%) and The Blockchain Group (-70.7%), are at greater losses. BTCTC Stock Prices: BitcoinTreasuries Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally Featured image from Unsplash, chart from TradingView
The Bitcoin price has enjoyed some level of resurgence over the past week, starting from below $108,000 to as high as $113,000. However, the premier cryptocurrency’s progress hit a stumbling block following the release of weaker-than-expected United States payrolls data on Friday, September 5. Despite the bearish pressure triggered by the US Nonfarm Payrolls (NFP) release, the price of Bitcoin managed to stay above the psychological $110,000 level. Interestingly, the latest analysis suggests that the latest job data could guide the Bitcoin price to a new high. Macro Shift To Kickstart Next BTC Price Rally? In a Quicktake post on the CryptoQuant platform, market analysis firm XWIN Research Japan explained how weak labor data in the US could see the Bitcoin price embark on its next bullish wave. According to the analytics firm, history shows a paradox despite rising unemployment often linked to weak performances by risk assets, including cryptocurrencies. Related Reading: Bitcoin Bull Run Nears Its Climax: Cycle Peak Indicates 95% Completion XWIN mentioned that on-chain stablecoin data offers insight into how this “macro story” could unfold, especially in relation to the cryptocurrency market. The crypto trading firm then highlighted two “distinct waves of activity” that establish the connection between unemployment and crypto market positioning. In the first wave (between late 2024 and early 2025), investors expected the Federal Reserve (Fed) to cut interest rates as the labor market weakness first emerged. Capital flowed into exchanges with the surge in stablecoin reserves from $30 billion to $50 billion, showing the investors’ preparedness for a macroeconomic shift. The second wave (from mid-2025 to present) has seen unemployment rising again. Similarly, stablecoin exchange reserves recently hit $58.5 billion, while depositing addresses have frequently surpassed 30,000 BTC, with highs near 40,000 BTC. “This isn’t just accumulation—it reflects broader participation, from whales to retail, mobilizing funds in anticipation of easier policy,” XWIN added. According to XWIN, the thinking is that the rising unemployment in the United States could be linked to stronger expectations of Fed rate cuts. With more capital stored in stablecoins on exchanges, ready to buy more coins, the weak jobs data could be the foundation for a fresh rally for Bitcoin. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $110,780, reflecting no significant changes in the past 24 hours. According to data from CoinGecko, the market leader is up by almost 3% in the last seven days. Related Reading: Safe Haven Split: Bitcoin-Gold Correlation Turns Negative For First Time In 6 Months Featured image from iStock, chart from TradingView
On-chain data shows the Bitcoin spot exchange-traded funds (ETFs) have seen three waves of major inflows from the veteran hands in this cycle so far. Bitcoin Coin Days Destroyed Shot Up Alongside Earlier ETF Net Inflows As explained by CryptoQuant author Maartunn in a new post on X, Bitcoin has been observing major reshuffles related to old tokens and the spot ETFs. The spot ETFs refer to investment vehicles that trade on traditional platforms and allow investors to gain exposure to an underlying asset like BTC without having to directly own the asset. The BTC spot ETFs launched in the US in January 2024. Since then, the funds have generally enjoyed growth, with a few periods involving a particularly sharp burst of inflows. The main attraction of the ETFs is that investors unfamiliar with the cryptocurrency world can invest into BTC in a form that’s convenient to them. Related Reading: Safe Haven Split: Bitcoin-Gold Correlation Turns Negative For First Time In 6 Months When a trader invests into such a vehicle, the fund buys an equivalent amount of the cryptocurrency on the client’s behalf. This reflects as an on-chain movement into the wallets associated with the ETF. Below is the chart shared by Maartunn that shows the trend in the 30-day Bitcoin spot ETF netflow since the start of 2024. As displayed in the graph, the Bitcoin spot ETF netflow has seen a few phases of extremely positive values. These naturally correspond to a high amount of demand for the ETFs. Interestingly, there is a pattern common among these large waves of inflows. From the chart, it’s visible that the Coin Days Destroyed (CDD) gave distribution signals alongside the netflow spikes. The CDD is an on-chain indicator that measures the total number of coin days that are being “destroyed” in transactions across the BTC network. A coin day is a quantity that one BTC accumulates after staying dormant on the blockchain for one day. When a token dormant for some number days is moved, its coin days counter returns back to zero. The coin days that it had previously been carrying are said to be destroyed. Generally, spikes in this metric correspond to activity from the diamond hands of the network. These HODLers tend to accumulate a massive amount of coin days with their patience, so when they finally break their silence, large-scale destruction of coin days takes places. The three major Bitcoin ETF net inflow waves of Summer 2024, Fall 2024, and Summer 2025 all accompanied a distribution signal from the CDD, which suggests a rotation of coins happened from the veteran hands to new demand coming through these vehicles. Related Reading: Dogecoin Signal That Nailed The Top Says It’s Time To Buy Since the latest such wave, the ETF netflow has calmed down to the neutral level, meaning demand has gone cold. “ETF inflows are key,” notes Maartunn. “Without strong new demand, selling pressure from new holders could increase.” BTC Price At the time of writing, Bitcoin is trading around $110,500, up 2% over the past week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bitcoin (BTC) has recently reached a new weekly high above the $112,000 mark, signaling a potential new uptrend for the leading cryptocurrency. This movement may represent the final phase of the current cycle for Bitcoin and the broader cryptocurrency market. Market analyst CryptoBirb has indicated that this uptrend could last for approximately 50 more days, emphasizing that Bitcoin is now 95% through its cycle, which has spanned 1,017 days since the lows of November 2022. 50 Days Until Possible Bitcoin Peak Historically, Bitcoin’s bull markets have peaked between 1,060 and 1,100 days after significant lows, suggesting a target timeframe for this cycle’s peak could fall between late October and mid-November 2025. The analysis highlights the typical relationship between Bitcoin’s Halving events and subsequent price peaks. Since the last Halving in April 2024, 503 days have passed, with past data showing that price peaks usually occur 518 to 580 days following such events. Related Reading: First US Dogecoin ETF Could Debut Next Week—How Will It Impact Price? As seen in the chart below, Bitcoin is currently 77% to 86% of the way through this timeline, entering what the analyst refers to as the “hot zone”—a period of heightened volatility and potential price movements. However, CryptoBirb cautions that historical trends indicate that after reaching a peak, Bitcoin typically experiences a significant decline, often dropping by 70% to 80% over a 370 to 410-day timeframe. This bearish phase is projected for approximately the first and second quarter of 2026, with a historical probability of a bear market in that year reaching 100%. Before this potential downturn, the analyst expects a final surge, with about 50 days remaining before the market may peak. September, often recognized as a weaker month for Bitcoin, has shown an average decline of 6.17%. Although third quarter statistics can be mixed, with a median increase of 0.80%, the overall average tends to reflect a decline due to larger losses. The typical seasonal pattern suggests that a poor September could be followed by stronger performance in October and November, with September 17 identified as a crucial date to watch by the analyst. Critical Support And Resistance Levels On the technical front, Key support levels are identified at the 50-week simple moving average (SMA) of $95,900 and the 200-week SMA at $52,300. The daily chart reveals further technical insights, including a 200-day breakout point at $111,000 and a 200-day SMA at $101,000. CryptoBirb has identified local support between $107,700 and $108,700, while resistance sits at $113,000 to $114,100. Related Reading: XRP Price Could See 20% Bounce To $3.4 If This Trendline Holds Looking ahead, both short-term and long-term trading trailers are currently in a bearish mode. CryptoBirb asserts that if Bitcoin falls below the critical levels of $107,000 to $108,000, bearish sentiment could intensify, potentially leading to secondary corrections in the range of 20% to 30%. Fortunately, cryptocurrency miners appear to be faring well, with the mining cost established at $95,400, suggesting a healthy market environment with minimal capitulation risk. Lastly, the analyst cautions against the potential for a market peak leading into the altcoin season in October and November. CryptoBirb suggests to mark calendars for October 22, as it could be a pivotal date in Bitcoin’s cycle. As of this writing, Bitcoin trades at $112,886, down nearly 11% from all-time high levels. Featured image from DALL-E, chart from TradingView.com
Bitcoin is now trading more than 9% below its $124,500 all-time high, reflecting the weight of recent selling pressure. Despite the pullback, bears have struggled to push the price below the $105,000 support zone, a level that has so far acted as a firm floor for the market. The debate among analysts is intensifying—some are calling for a deeper correction that could reset overheated sentiment, while others see current price action as a prelude to another test of all-time highs. Related Reading: Bitcoin Market Base Turns Neutral-Bearish As Flows Stay Weak Top analyst Maartunn shared fresh insights, describing the current environment as a “major Bitcoin reshuffle.” According to him, old coins are increasingly flowing into ETF wallets, a phenomenon marked by three significant waves: summer 2024, fall 2024, and summer 2025. Unlike past cycles, where such redistribution events typically occurred once before fading, this cycle has shown a repeated pattern of supply rotation. This unusual trend highlights a structural shift in Bitcoin’s market dynamics. Long-term holders appear to be reducing exposure, while ETFs and institutional vehicles continue to absorb supply. Whether this redistribution stabilizes the market or fuels further volatility will be a defining factor for Bitcoin’s trajectory in the coming months. Old Bitcoin Supply Unlocks: Market Dynamics In Focus According to Maartunn, a significant movement of 7,626 BTC aged between three to five years has recently taken place. This type of activity is notable because it signals long-term holders deciding to release dormant coins back into circulation. Historically, such events often coincide with heightened market uncertainty and shifts in investor behavior, reinforcing the narrative that old supply continues to play a decisive role in shaping Bitcoin’s trajectory. Despite this selling pressure, Bitcoin has managed to hold above the $110,000 level, showing resilience in the face of profit-taking from long-term holders. This stability is encouraging, as it demonstrates that buyers are stepping in to absorb supply, though the strength of that demand remains in question. Some market participants are pointing to ETF inflows as the primary reason Bitcoin has avoided a sharper correction. ETFs, by nature, act as a consistent demand sink, channeling institutional capital into Bitcoin through regulated frameworks. However, the risk remains that without robust new demand, the selling pressure from newly unlocked coins could begin to outweigh buying interest. If this happens, recent holders may face the brunt of volatility. For now, the market appears to be balancing between long-term holders’ profit-taking and institutional accumulation. This emerging dynamic highlights how Bitcoin’s current cycle differs from previous ones—ETF participation and repeated redistribution of old coins are reshaping the market structure. The coming weeks will be critical in determining whether ETF inflows are strong enough to offset the increased activity of older supply and keep Bitcoin on a bullish path. Related Reading: Bitmine Adds Another $65.3M In Ethereum – Details Testing Mid-Range Resistance Levels Bitcoin is currently trading at $112,409, showing a modest recovery after recent volatility. The chart highlights a rebound from the $109K–$110K demand zone, which has acted as short-term support during the past week. However, BTC now faces resistance as it tests the 50-day moving average (blue line at $111,661) and the 100-day moving average (green line at $114,382). These levels represent key barriers for bulls attempting to reclaim higher ground. The broader picture shows BTC still lagging behind its all-time high near $124,500, marked by the yellow resistance line. Despite multiple attempts, Bitcoin has struggled to generate enough momentum to retest this level, largely due to persistent selling pressure and cautious sentiment among traders. The red 200-day moving average at $114,746 sits just above current price action, creating a cluster of resistance levels that could limit upside in the near term. Related Reading: BNB Chain Surpasses 650M Unique Addresses – Binance Adoption Continues If Bitcoin manages to close above $114K, it would confirm bullish continuation and potentially set the stage for a retest of the $120K–$124K zone. Conversely, failure to sustain above $110K could see BTC revisiting lower supports around $106K–$108K. For now, consolidation dominates, with bulls needing fresh demand to push beyond resistance. Featured image from Dall-E, chart from TradingView
Bitcoin mining is undergoing a profound shift by increasingly adopting alternative renewable energy sources. This trend has led to a remarkable change in the industry’s energy profile, with more than half of the network’s power now coming from sustainable sources. Why Renewable Energy Is Becoming A Strategic Edge For Miners In an X post, Natalie Brunell explained that Bitcoin mining is a unique process that consumes energy to secure the network, while ensuring its integrity and scarcity. Unlike traditional currencies that a central authority can print, Bitcoin’s supply is fixed. Related Reading: Bitcoin Mining Can’t Keep Up: Companies Buying At Quadruple Pace – Report The process of mining is the only way to introduce new Bitcoin into circulation, and it requires expanding real-world resources, specifically energy, to validate transactions and secure the network. This design makes the network inherently ethical and resistant to manipulation because no single entity controls the supply or has the power to create more Bitcoin. However, what makes Bitcoin mining particularly innovative is its flexible and location-agnostic nature. Miners are increasingly plugging into alternative and cheapest renewable energy sources such as wind, solar, and hydropower, which is often found in places with abundant underutilized or stranded renewable energy, such as East Texas. This flexibility allows Bitcoin miners to act as a crucial stabilizing force for the energy grid. Instead of staining the grid, they help to balance it. When the supply of renewable energy is high and demand is low, miners can soak up the excess power that would otherwise be wasted. Meanwhile, when demand from homes and businesses spikes, miners can shut down in seconds, instantly giving that power back to the grid. This makes them a valuable component of the energy sector, helping to make renewable energy more economically viable. Marathon’s Position Among Public Bitcoin Miners Marathon Digital Holdings (MARA) has delivered a strong performance, highlighting its strategic position as both a Bitcoin miner and a significant corporate holder of the asset. The company’s August report showcases its dual-engine strategy of mining and strategic purchasing. Related Reading: Bitcoin Eyes $150,000 As Binance Illiquid Supply Hits Record Highs In August, Marathon mined 705 BTC and also made a major move by purchasing an additional 1,133 BTC, actively adding to its treasury. The company’s energized hash rate now stands at an impressive 59.4 EH/s, holding 52,477 BTC in its balance sheet as of the end of August. This shows a proactive approach to accumulating Bitcoin, leveraging market conditions to strengthen its balance sheet. Following this strong August, Marathon mined another 82.6 BTC in September. This continued growth has expanded its Bitcoin treasury to nearly 52,560 BTC, cementing its status as one of the largest publicly traded holders of the digital asset. According to the company’s data, every common share of MARA is backed by $15.68 worth of BTC. Featured image from Getty Images, chart from Tradingview.com
Bitcoin is trading above the $112,000 level, but its momentum is faltering as selling pressure intensifies. Analysts are divided on what comes next, with some calling for another correction and others suggesting that BTC may continue consolidating before any decisive move. The uncertainty highlights the fragile balance between bullish optimism and market caution. Related Reading: Bitmine Adds Another $65.3M In Ethereum – Details Top analyst Darkfost shared insights that bring back a long-running debate: Does Bitcoin’s traditional cycle structure still hold? While opinions vary, one factor remains consistent across cycles—the influence of long-term holders. Dormant BTC, when moved, often unleashes powerful selling pressure, a dynamic still capable of shaking the market. This cycle has already confirmed that pattern. As BTC climbed to its all-time high earlier this year, Coin Days Destroyed (CDD)—a key on-chain metric tracking the movement of older coins—spiked noticeably. Historically, such spikes have aligned with tops and significant corrections, showing that long-term holders continue to play a decisive role in shaping market direction. Value Days Destroyed Signals Potential Relief For Bitcoin According to Darkfost, the Value Days Destroyed (VDD) metric is offering crucial insights into Bitcoin’s current market structure. Much like Coin Days Destroyed (CDD), VDD tracks the movement of older coins, but it adds another layer by weighting this activity according to price. This adjustment introduces the concept of “value destruction,” giving more weight to long-term holders selling when BTC prices are higher, and less when they are lower. As a result, VDD provides a more nuanced picture of the influence older coins exert on the market. Recently, VDD reached a level of 2.4, a threshold historically associated with significant selling pressure. In past cycles, spikes to this range have often marked moments when long-term holders locked in profits, contributing to local tops or sharp corrections. The latest spike aligned with Bitcoin’s push to its all-time high, reflecting the familiar pattern of dormant supply resurfacing at peak prices. However, VDD has since been declining, now approaching levels similar to those seen during prior correction phases. This suggests that the intensity of selling from long-term holders is easing. If this trend continues, the market may find relief from one of its most persistent sources of supply pressure. Ultimately, easing VDD levels could set the stage for renewed upward momentum, but the key factor will be demand. Without strong inflows and renewed conviction from buyers, the reduction in selling pressure alone may not be enough to spark a sustainable rally. Still, the moderation of long-term holder activity is a promising sign that Bitcoin could stabilize and prepare for another attempt higher in the coming weeks. Related Reading: Bitcoin Market Base Turns Neutral-Bearish As Flows Stay Weak Price Action Details: Pushing Above $110K Bitcoin is currently trading at $112,286, showing a slight recovery after weeks of selling pressure that pulled the price down from its recent all-time high near $123,217. The chart reveals that BTC is still consolidating within a corrective structure, testing the mid-range between support and resistance levels. The 50-day moving average (blue line) is trending above the current price, acting as near-term resistance around $115K, while the 100-day moving average (green line) sits close to current levels, providing a short-term pivot point. The 200-day moving average (red line) is much lower at $101K, serving as a deeper structural support if bearish pressure intensifies. Related Reading: Bitcoin And Ethereum Exchange Inflows Overshadow Stablecoin Demand – Details BTC is forming higher lows after its recent dip to the $110K area, signaling that buyers are cautiously stepping back in. However, momentum remains limited, and the chart shows the market has yet to reclaim any major resistance levels. A breakout above $115K would be needed to shift sentiment and open the way toward retesting the $120K–$123K zone. Featured image from Dall-E, chart from TradingView
American Bitcoin, a mining company tied to US President Donald Trump’s sons Eric and Donald Trump Jr., wrapped up its first day of trading on the Nasdaq with sharp swings but still managed to finish 16.75% higher at just over $8. After-hours trading pushed the stock up another 6% to $8.50, reports confirmed. Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally Wild Price Swings On First Day Trading opened with a rush. The newly rebranded company, formed through a merger with Gryphon Digital Mining (GRYP), jumped as high as $13.21 from Gryphon’s previous close of $6.90, a 90% surge. That early momentum collapsed quickly, sending the stock down to $6.70 in the afternoon before it recovered part of the loss. Nasdaq halted trading five times due to extreme volatility. Despite the erratic moves, Bloomberg estimated Eric Trump’s 7.5% stake at roughly $548 million by the end of the session. His fortune is now tied directly to how American Bitcoin performs in the market. Dual Strategy Of Mining And Buying According to Eric Trump, the company will not only mine Bitcoin but also buy it when conditions make more sense. He described the approach as switching “to whichever is better at the time.” The company’s existing treasury already holds 2,443 BTC, making it the 25th-largest stash among public companies. With Bitcoin trading above $112,000, that holding is worth about $275 million. Eric Trump emphasized that the business will aim to maximize shareholder value by balancing mining output and market purchases: “We’re going to harness daily mining to the fullest, but we can also go out and purchase Bitcoin to support the treasury,” the presidential son said. Political Undertones And A Second Venture The launch has stirred questions about whether American Bitcoin benefits from President Trump’s crypto-friendly stance. Eric Trump dismissed criticism that his family is profiting directly from political ties, saying his father has “nothing to do with this business.” Related Reading: Dogecoin Gets Its 1st Foundation-Backed Treasury Worth $175 Million The American Bitcoin debut came just days after another Trump-linked venture. Tokens for World Liberty Financial (WLFI), a separate crypto project involving President Trump and his sons, were listed on exchanges earlier in the week. WLFI’s performance has so far been weak, dropping 30% from its debut price and losing another 7% in the last 24 hours to about 21 cents, based on CoinMarketCap data. A company tied to the Trumps owns nearly a quarter of all WLFI tokens, estimated at $4.6 billion in value. While WLFI struggles to gain traction, American Bitcoin’s opening has given the Trump family another high-profile position in the crypto sector. Whether the stock can maintain its momentum after a chaotic debut remains uncertain, but Eric Trump called the launch “an unbelievable day” and insisted “the floodgates are just starting to open.” Featured image from Meta, chart from TradingView
In an interview with Dutch host Paul Buitink published on September 4, Henrik Zeberg, Head Economist at SwissBlock, set out a two-stage roadmap for Bitcoin and crypto: a final, powerful “melt-up” driven by liquidity and momentum, followed by a dot-com-style bust that he says will be catalyzed by a surging dollar and tightening financial conditions. “We do have the largest bubble ever,” Zeberg said, arguing that equities, crypto and real estate will first climb further before the cycle turns. “The music is still playing and you can still get a drink at the bar,” he quipped, extending his Titanic metaphor to explain why he believes sentiment and macro signals have not yet turned decisively negative. Bitcoin, Ethereum To Soar Before Dot-Com Style Crash Zeberg locates the current moment late in the business cycle but not at the point of breakdown. He points to the absence—so far—of classic pre-recession triggers in yields, credit spreads and initial jobless claims. “A crash doesn’t come out of thin air,” he said. “We simply don’t see those signals just yet.” With global liquidity improving at the margin and the Federal Reserve already “pivoting” in tone, he expects a sharp upside phase reminiscent of Japan’s 1989 finale: a rising angle that steepens into a near-vertical blow-off. At the index level, he pegs the S&P 500’s terminal run at roughly 7,500 to 8,200 from around 6,400 today. Related Reading: Bitcoin Whales Cut Back: Average Holdings At Lowest Since 2018 Crypto, in his view, will amplify the move. Zeberg expects Bitcoin to lurch first to “at least” $140,000, then top somewhere in the $165,000 to $175,000 range before the bust begins. He projects Ethereum near $17,000 on the assumption that the ETH/BTC ratio can stretch to about 0.12 in a late-cycle altcoin phase. He stressed the path would be abrupt rather than leisurely: “When things are moving in crypto and into the final phase of a bubble, it can be very, very fast.” The fulcrum of his thesis is the US dollar. Zeberg is watching closely for a DXY bottom and then a surge to 117–120—“the wrecking ball” that, in his telling, would hammer risk assets as global dollar demand spikes. “If we’re going to see somewhat of a crisis, all this debt will need to be settled in dollars,” he said, calling the greenback “still the cleanest shirt,” even if it is “getting quite nasty.” In that scenario, liquidity preference overwhelms risk appetite, credit tightens and deleveraging begins—especially outside the US, where dollar liabilities collide with local-currency cash flows. He argues that monetary easing cannot ultimately forestall a cyclical turn once the real economy rolls over. Rate cuts may initially goose markets—“You’re going to see it running up really fast”—but then “the more wise people in the market” will infer weakness rather than salvation. He thinks the Fed will start with 25 basis points this month, while leaving open the possibility of a larger shock move. Either way, he sees a relatively short deflationary bust—“six to nine months” in one formulation—followed by policy panic and, on the other side, a stagflationary phase in which “the tools of the Fed will become impotent.” He was caustic about the profession’s inflation priors, skewering what he called the “hubris” of micromanaging CPI to exactly 2% and ridiculing the decision to award Ben Bernanke a Nobel Prize for what he described as “reinventing money printing,” calling it “the most stupidest thing I’ve ever seen.” Zeberg’s commodity framework slots into that sequence. He expects gold to do its “finest duty” during a liquidity crunch—get sold to raise cash—before it reprises 2008’s pattern with a steep drawdown, then a powerful recovery. He cited the 2008 analog of a roughly 33–35% peak-to-trough decline in gold and as much as 60% in silver before the policy response set a new leg higher. Related Reading: Bitcoin Flashes Rare Buy Signal Not Seen Since $49,000 And $74,000 Bottoms Secularly, however, he projects gold “into the 2030s” at as much as $35,000 per ounce as negative real rates, balance-sheet expansion and an eventual “monetary reset” reprice money. That reset, in his vision, would anchor a new settlement system on gold and ledger-based rails—“a digital element to it,” but “not Bitcoin.” Strategy: The Largest Ponzi In The Market? On single-name risk, Zeberg delivered one of the interview’s most incendiary lines about Strategy (formerly MicroStrategy), the largest corporate holder of Bitcoin. “I think we have the largest open Ponzi game when it comes to MicroStrategy,” he said. “Everybody needs to pile into the stock, then he can take on some more debt and he buys more Bitcoin.” He tied the firm’s vulnerability to his macro template: if DXY heads to 120 and “the largest bubble in the world, the Nasdaq,” suffers an 85%-type drawdown, “Bitcoin is going to have a really, really bad period—and then that means MicroStrategy is going to have that.” He called the structure “the largest house of cards we have seen in a long time” and warned that an unwind would be “really, really bad for people who think they can just hold on to it.” The characterization was his alone; he did not present evidence beyond his cyclical and balance-sheet logic, and his remarks were framed within his broader melt-up-then-bust scenario. Beyond headline tokens, Zeberg argued that “99%” of crypto projects will ultimately fail, with only a handful emerging like the Amazons that survived the dot-com washout. He distinguished between speculative coins and blockchain projects that deliver real-world utility, while cautioning that “this rampant speculation” has been prolonged by an era of easy money. As for timing catalysts, Zeberg downplayed the idea of a single trigger and instead described an environment that “becomes toxic” as high rates, falling real income and climbing delinquencies pressure banks and corporates. He is monitoring front-end yields—which he says have begun to “break some levels”—credit spreads, and the dollar’s turn. He also noted that large-cap tech’s earnings concentration has “distorted” the market and that even quality small-cap tech is likely to be dragged lower in an indiscriminate unwind. The first stage, however, remains higher. “It’s a self-propelling cycle,” he said of the melt-up, powered by FOMO and the belief that “the Fed has got our back.” At press time, BTC traded at $111,528. Featured image created with DALL.E, chart from TradingView.com
Data shows the correlation between Bitcoin and Gold has turned negative, a sign that the two assets are moving in the direction opposite to each other. Correlation Coefficient Is Now Underwater For Bitcoin & Gold In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Correlation Coefficient between Bitcoin and Gold. The Correlation Coefficient is a tool from statistics that measures the relationship between two given variables over a given period, typically one month. In the current case, the variables are the prices of BTC and Gold. Related Reading: Dogecoin Signal That Nailed The Top Says It’s Time To Buy When the value of the metric is positive, it means the price of one asset is reacting to movements in the other by traveling in the same direction. The closer is the indicator to 1, the stronger is this relationship. On the other hand, the coefficient being under zero implies there exists a negative correlation between the two assets. That is, they are moving opposite to each other. The extreme point for this side lies at -1. There also exists a third case for the Correlation Coefficient: a level exactly equal to zero. Such a value indicates no correlation whatsoever exists between the assets. In other words, their prices are independent of each other. Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin Coefficient Correlation for Bitcoin and Gold over the past year: As displayed in the above graph, the Correlation Coefficient between Bitcoin and Gold shot up to a high above 0.5 back in June, suggesting the assets’ prices were tied to some degree. Following this peak, however, the correlation between the assets began to weaken, with the metric’s value slipping down. For a while it maintained inside the positive territory, but recently, that has changed. Related Reading: Bitcoin Whales Cut Back: Average Holdings At Lowest Since 2018 Gold has seen a price rally while BTC has been facing bearish action, resulting in the Correlation Coefficient turning slightly negative. This is the first time since February that the indicator has gone underwater. For now, the two assets are almost independent, but it remains to be seen whether the negative correlation will continue to grow in the coming days. Gold is the traditional safe-haven asset, while Bitcoin is associated as its digital counterpart. Periods where the two assets diverge can challenge the narrative for BTC. BTC Price At the time of writing, Bitcoin is trading around $110,100, down almost 2% over the past week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
The August US labor readings have turned Friday’s nonfarm payrolls into a live-fire macro event for crypto. On Wednesday, ADP’s private payrolls rose by just 54,000—well under the forecast—and job openings have slipped on the latest JOLTS print, sharpening focus on whether the Federal Reserve will confirm a long-telegraphed September rate cut. Why Tomorrow Could Be Crucial For The Crypto Market As crypto analyst Kevin (Kev Capital TA) put it, “JOLTS report indicates that job openings are slightly weakening. This will catch the attention of the Fed. Labor market report on Friday just got bigger in terms of importance.” He added today that “very low volume and very little liquidity [are] flowing around… classic August/September behavior while the markets wait for key economic data and monetary policy updates going into Q4,” stressing that “price action will likely be mediocre at best” until the FOMC meeting on September 17. The data backdrop is decisively softer. ADP’s August report showed private-sector employment increased by 54,000 and annual pay rose 4.4% year-over-year; July was revised to a 106,000 gain. The miss versus expectations underscores a cooling trend into Friday’s official Employment Situation release. Related Reading: Spot Crypto Trading Gets Major Green Light From US Regulators Separately, initial jobless claims climbed to 237,000 in the week ended August 30, up 8,000 from the prior week, while the BLS’s July JOLTS showed job openings at 7.2 million, down from a revised 7.4 million in June, with declines led by health care and retail. Together these indicators argue that labor demand is easing and that slack is edging higher. The calendar makes the stakes plain. The Bureau of Labor Statistics releases August nonfarm payrolls on Friday, September 5, at 8:30 a.m. ET, and the FOMC meets on September 16–17, with a press conference scheduled on the 17th. As of today, derivatives markets imply that a quarter-point cut in September is overwhelmingly priced. In other words, the next incremental move in crypto is less about whether the Fed cuts and more about how Friday’s labor internals—headline payrolls, unemployment rate, and labor-force participation—reshape the expected path of cuts into year-end. Price action mirrors the wait-and-see tone that Kevin describes. Related Reading: Crypto To Overtake The Dollar? Ray Dalio Flags End Of Debt Cycle Liquidity is thin intraday and reactive to headlines, a profile that often produces range maintenance rather than trend extension into marquee macro releases. For altcoins, rate-path expectations and dollar moves typically dictate beta. When a user asked Kevin for “the next target for DOGE when we get the rate cut on the 17th?”, he answered bluntly: “That rate cut is already priced into the market my friend.” The logic is consistent with futures-implied probabilities; a “cut confirmed” headline is less catalytic than a deviation in the odds for additional easing after September. DOGE itself is hovering near $0.216 intraday, and like the broader market it has been tracking bitcoin’s range as traders prioritize Friday’s jobs data over directional bets. Why tomorrow’s Jobs Report is pivotal for crypto is straightforward and mechanical. First, the print will refine expectations for the Fed’s reaction function into the September 16–17 meeting and beyond; the rate path filters directly into global liquidity conditions, term premia, and the dollar, all of which feed crypto risk appetite. Second, after July’s disappointing government report and the ADP/claims/JOLTS trio this week, another soft employment reading would validate a slowdown narrative and keep additional 2025 cuts in play—whereas a surprise re-acceleration would push back against the easing path and likely firm yields and the dollar, a headwind for high-beta crypto. At press time, BTC traded at $109,551. Featured image created with DALL.E, chart from TradingView.com
The recent Bitcoin (BTC) price correction has sent ripples through the broader cryptocurrency market, pushing many assets into the red. On Tuesday, Bitcoin fell below $110,000, marking a 12% decline from its all-time high. Experts are now warning that the situation could worsen as October approaches. Crypto Market’s Imminent Downturn Market analyst OxPepesso took to the social media platform X (formerly Twitter) to explain his decision to liquidate all his crypto holdings by October. He identified key factors based on historical patterns that influenced his decision. According to the analyst, many traders mistakenly believe that the upcoming altcoin season will last six to eight months. OxPepesso’s analysis indicates that altcoin season is anticipated to begin in late September to early October. He notes that Bitcoin is losing its dominance, while the resurgence of memecoins and growing momentum in the Ethereum (ETH) ecosystem signal a shift in market dynamics. Related Reading: Cardano Sentiment Crashes To 5-Month Low As ADA Defends Key Price Level Technical setups also appear to align with macroeconomic trends, suggesting that the market is nearing an “overheating phase.” He warns that following this peak, an “uncontrollable collapse” could occur, leading to significant losses for altcoins. The analyst also highlights the use of various indicators, such as the Extreme Oscillators, which measure market overheating or oversold conditions. Currently, this indicator sits at 1-2, suggesting that the market has not yet reached an overheated state, but the risk of a downturn looms. Another tool in OxPepesso’s analytical arsenal is the MVRV Bands, which assess the ratio of Bitcoin’s market value to its realized value. When this metric approaches its upper bands, it signals that the crypto market is becoming overheated, increasing the risk of a price drop. Although today’s readings remain below critical levels, the analyst asserts that there are signs indicating the market is heading in that direction. This could potentially worsen the broader crypto market’s retracement as the October deadline approaches. Analyst Predicts Lower Bitcoin Prices The Pi Cycle Top indicator, which tracks the crossover of the 111-day and 350-day moving averages, is another focal point in OxPepesso’s analysis. Although the lines have not yet crossed, the chart below shows that the gap is closing rapidly, suggesting that a market top could be imminent. Related Reading: XRP Millionaires Dump After Major Accumulation Trend, Will It Be A Red September? Additionally, Onchain Originals Price Models are being monitored, as they reflect investor behavior and establish Bitcoin’s value ranges, identifying support and overheating levels that indicate the current phase of the crypto cycle. In light of these indicators, OxPepesso notes that the current cycle is nearing its final phase. This sentiment is echoed by fellow market analyst Doctor Profit, who recently intensified his bearish stance. Initially, he had projected that the market’s leading crypto could reach a new all-time high after hitting the $90,000 to $95,000 range. However, he now considers the possibility of lower price points, stating that he sees little to be bullish about. Featured image from DALL-E, chart from TradingView.com
The Bitcoin price has soared to historic highs this year, but not everyone believes the rally will last. A new warning from a crypto analyst suggests that the world’s largest cryptocurrency could be on the verge of a dramatic price crash, with the possibility of erasing nearly all of its gains and tumbling back to levels not seen in years. Why A 90% Bitcoin Price Crash Could Be Ahead In a recent interview on the David Lin Report, a financial news channel on YouTube, Bloomberg Intelligence senior commodity strategist Mike McGlone issued a stark warning for Bitcoin holders. After years of accurately calling key price levels, including the surge to $100,000, McGlone now predicts that BTC could wipe out more than 90% of its gains, potentially falling back to $10,000 in this market cycle. Related Reading: Pundit Calls Bitcoin Price Crash Below $93,000, Reveals Bear Targets From Here The Bloomberg strategist explained that Bitcoin’s climb to six figures on December 6 marked a major psychological threshold. According to him, that milestone was less a sign of long-term strength and more a signal that the market had overheated. He described the surge as a textbook example of “selling when there’s yelling,” meaning that investors often get caught up in the euphoria at the top. Since Bitcoin crossed $100,000 on December 6, McGlone noted that gold has appreciated roughly 30%, while BTC has added only about 8%. Stock market benchmarks such as the S&P 500 have also posted modest returns in the same period, leaving digital assets struggling to show dominance. McGlone highlighted the growing connection between Bitcoin and broader equity markets, noting that its 48-month correlation with the S&P 500 now stands at 0.6. He suggested that this pattern underscores Bitcoin’s transformation into a risk-on asset, moving in tandem with stock market performance rather than acting as an independent store of value. Adding to his bearish stance, the Bloomberg strategist pointed out that volatility signals are shifting. In August, the Volatility Index (VIX) hit its lowest level of the year at around 14.2, while Bitcoin simultaneously reached new highs. By the end of the same month, volatility spiked again, suggesting that market sentiment may be changing. For McGlone, these signals indicate that investors should prepare for a potential correction phase, with gold likely to continue outperforming BTC and other speculative assets. Analyst Says Bitcoin To $1 Million Is Unlikely During the interview, Lin questioned whether Bitcoin could ever climb to $1 million, pointing to the same logic that took the asset naturally from $10,000 to $100,000. McGlone dismissed the idea, stressing that today’s market environment is fundamentally different and does not support such an outcome. Related Reading: Is The Bitcoin Price Bottom In? Here’s What Social Sentiment Says The Bloomberg strategist explained that when Bitcoin was trading near $10,000, market sentiment was profoundly negative, which created the ideal conditions for a long-term rally. By contrast, at a price above $100,000, the current market is crowded with long positions, making it harder for BTC to sustain upward momentum. In his view, the sheer weight of speculative exposure has left Bitcoin vulnerable to a potential retracement rather than setting the stage for exponential growth. Featured image from Getty Images, chart from Tradingview.com
Bitcoin has bounced back above $112,000 after slipping to $107,000 last week, its lowest mark since July. The rebound has stirred hope among traders, but analysts remain split on whether the current upswing can hold through September. Related Reading: XRP Faces Crucial Test With ETF Approval Chances Now At 87% September’s Track Record Under Scrutiny Historical data shows September hasn’t been kind to Bitcoin during post-halving years. In 2017, the coin ended the month with a close to 8% loss, while in 2021 the decline was 7%. Even further back, in 2013, Bitcoin dropped 1.60% in the same month. That pattern has led some experts to argue that a retest of key technical levels this year is nothing unusual. Benjamin Cowen, head of ITC Crypto, has repeatedly pointed to the 20-week simple moving average as a marker. According to him, September tends to bring price dips toward that level before a fourth-quarter recovery takes hold. Cowen believes the recent pullback fits the broader rhythm seen in earlier cycles. Historically, #Bitcoin finds a low in September of the post-halving year, and then bounces off of it into the market cycle top that occurs in Q4. pic.twitter.com/CVbcPOUojM — Benjamin Cowen (@intocryptoverse) September 3, 2025 Mixed Views On Cycle Consistency Not everyone is convinced. Some analysts have raised questions about whether the cycle is breaking from tradition. They highlighted that Bitcoin normally records gains in August before falling back in September. This time, however, the opposite occurred. Bitcoin closed August with a 6.25% loss. That stands in stark contrast to August 2017, when the coin surged 64%, and August 2021, when it gained 15%. Those two robust months were each followed by abrupt September declines. Analysts believe that current data indicate a different configuration could be at work, with macroeconomic parameters such as rate cuts being more pronounced over price action. Calls That The Bottom Is Already In Despite the cautious tone from some analysts, there are voices pointing to a brighter near-term outlook, saying the low for September may already be behind Bitcoin. The asset opened the month at $108,200, touched a high of $110,100, and fell to $107,000 before rebounding. Based on that sequence, analysts suggest the market may avoid setting new lows this month. Related Reading: XRP Faces Crucial Test With ETF Approval Chances Now At 87% Cowen, however, continues to stress that corrections after setting fresh highs are part of the cycle. He points to August’s new record peak as evidence that the market is following the same blueprint as previous years. In his view, the retreat to the 20-week SMA is less a warning sign than a setup for a strong year-end rally. While the debate over September’s outcome continues, most analysts agree on one point: short-term turbulence is unlikely to alter the long-term picture. Recent data have made clear that despite temporary dips, Bitcoin is expected to trade far higher in the years ahead. Featured image from Meta, chart from TradingView
After hitting its latest all-time high (ATH) on August 14, Bitcoin (BTC) has been on a steady decline, trading just above the $110,000 level at the time of writing. While some analysts opine that the crypto bull run may be over, on-chain data suggests that there is at least one more major leg up ahead for BTC. Bitcoin Bull Market Over? Not Quite According to a CryptoQuant Quicktake post by contributor CoinCare, as much as 50,000 BTC has been withdrawn over the past two days from crypto exchange Kraken. This was followed by another major withdrawal of 15,000 BTC. The CryptoQuant analyst stated that such significant withdrawals are not something that is typically observed near the peak of a bull market cycle. Instead, at market tops, exchanges witness an influx of BTC or other cryptocurrencies, signalling distribution. Related Reading: Bitcoin Eyes $150,000 As Binance Illiquid Supply Hits Record Highs Although retail demand for BTC is currently fragile, a few big wallets are still accumulating BTC in large quantities. Past data shows that retail demand for BTC surges rapidly at bull market tops. However, the current tepid demand suggests that BTC has “at least one major leg up ahead.” That said, fellow CryptoQuant analyst caueconomy offered a contrasting take. According to their analysis, major BTC holders continue to reduce their exposure to the digital asset, recently reaching the largest coin distribution in 2025. Notably, BTC whale reserves have tumbled by 100,000 coins in the past 30 days, showing high risk aversion among large investors. As a result, heightened selling pressure has been weighing down on the BTC price, pushing it below $108,000 in late August. The analyst added: At this time, we are still seeing these reductions in the portfolios of major players, which may continue to pressure Bitcoin in the coming weeks. Technicals Point Toward Renewed Strength While BTC whales – investors holding 1,000 to 10,000 BTC – may be reducing their exposure to the cryptocurrency, technicals point toward further room for growth for the leading digital asset by market cap. Related Reading: Bitcoin Delta Cap And Coinbase Premium Gap Signal Resilient Market Structure – Details For instance, noted crypto analyst Titan of Crypto shared the following chart on X, saying that BTC is close to invalidating the bearish double-top pattern on the daily chart. Once BTC convincingly pushes above the neckline, it could provide new bullish momentum to the asset. That said, there are some signs of caution. For instance, crypto analyst Doctor Profit recently stated that if BTC fails to defend the $107,000 – $108,000 support level, then it may risk falling all the way down to $90,000. Similarly, a breakdown below the $98,000 level could spell disaster for the flagship cryptocurrency. However, the long-term bull case for BTC remains intact. At press time, BTC trades at $110,460, down 0.9% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Bitcoin is entering a fragile stage after days of selling pressure and uncertainty pushed the price into consolidation around the $110,000 level. Bulls are working to defend this key area, but momentum has clearly faded. The market now finds itself in a holding pattern, with investors cautious about whether Bitcoin will stabilize or break lower in the sessions ahead. Related Reading: BNB Chain Surpasses 650M Unique Addresses – Binance Adoption Continues Despite the weakness, there are no clear signals yet of a deeper correction. Historically, retracements within ongoing bull markets often serve as resets rather than trend reversals, but the pressure on Bitcoin has nonetheless sparked debate about its short-term direction. Holding above current levels is becoming increasingly important, as failure to do so could shift sentiment further in favor of the bears. Top analyst Axel Adler described the current environment as a neutral-bearish base, meaning flows and price action lack the conviction needed for a decisive bullish push. Until stronger demand emerges, Bitcoin’s recovery is likely to be limited to technical bounces rather than sustained rallies. Bitcoin Stuck In Neutral-Bearish Base According to top analyst Axel Adler, Bitcoin’s current structure remains fragile as both price and derivative flows sit below 50, signaling weakness across critical indicators. Adler emphasizes that while short-term rebounds are possible, the market lacks the conviction required for a sustained uptrend. With taker flows still negative and weak, any recovery from present levels is likely to be a mean-reversion bounce toward $113K, aligning with the Fair Value and mid-30-day range, rather than the beginning of a new bullish phase. This environment suggests that risk appetite remains absent, leaving the market vulnerable to further tests of lower boundaries. Adler notes that unless flows shift meaningfully, price rallies will likely remain capped and quickly fade as selling pressure reemerges. The nearest bullish setup would require stabilization of flows that could push BTC toward the $113K–$115K region, a technical recovery zone that would ease immediate bearish sentiment but still fall short of confirming a regime shift. For a true change in market structure, Adler points to two key thresholds: Flow >55 and Price Index >50. Only when both conditions are met will Bitcoin have the foundation for a stronger, trend-confirming rally. Until then, the market faces an elevated risk of repeated retests of support zones, with traders closely monitoring whether BTC can hold above $110K or slip further into correction territory. Related Reading: Bitcoin And Ethereum Exchange Inflows Overshadow Stablecoin Demand – Details BTC Holding the Line Above $110K Bitcoin continues to consolidate around the $110K–$111K zone, showing resilience after weeks of sharp selling pressure. The chart highlights how BTC has bounced from recent lows near $108K but still struggles to reclaim higher momentum. The 50-day moving average now acts as resistance, capping the upside attempts and reflecting waning bullish strength. Despite the pullback from the $123K all-time high, the structure remains intact above the 200-day moving average near $101K, which has consistently served as a long-term support. The current price action shows a market caught in balance: bulls are defending demand, but bears maintain pressure as rallies face rejection around the $112K level. Related Reading: Ethereum Demand Spikes As Whales Add 260K ETH In 24 Hours The flat trajectory of the 100-day moving average reinforces the consolidation phase, suggesting that a decisive breakout is needed to confirm direction. If Bitcoin closes above $113K in the short term, it could set up a retest of $118K, the mid-range level that has acted as both support and resistance. Failure to hold the $110K level could expose BTC to repeated tests of $108K and, ultimately, the psychological $105K zone. For now, Bitcoin’s fate hinges on whether buyers can stabilize flows and absorb ongoing selling pressure. Featured image from Dall-E, chart from TradingView
Matthew Mežinskis, the analyst behind Porkopolis Economics and co-host of the “crypto_voices” podcast, told Marty Bent on TFTC that Bitcoin’s late-cycle upside remains larger than most models imply, arguing that price action continues to track a long-standing “power trend” that has governed every prior boom. Anchoring his view in percentile “bands” around that trend, he contends the market can still deliver a two-to-three-times move into year-end, placing a $250,000 to $375,000 range in play. Bitcoin 4-Year Cycle Still In Play? Mežinskis frames the thesis in stark, testable terms. “Bitcoin has traditionally during the booms very easily gotten above the 80th percentile each time,” he said, noting that the strongest phases in earlier cycles climbed “very easily” above the 90th as well. He defines the 80th percentile as roughly 1.3× the trend and the 90th as 2×. On his model, the end-2025 trend value sits near $125,000, which fixes the 80th-percentile validation line at about $170,000 and the 90th at $250,000. “If we don’t get above 170k by year end or into like the first couple months of next year then I would…rethink the idea of the four-year cycles,” he said, before stressing that “it hasn’t been invalidated yet.” Related Reading: Bitcoin In Trouble? Exchange Reserve Spikes To Highest In Months The centerpiece of his outlook is a simple rule-of-thumb extrapolation from those bands. “The 90th is 2x…so 2x is $250k,” he explained. He then extends the historical envelope to the mid-90s percentiles to size a more aggressive—but still precedent-based—target. “In 2021…it was a 96th percentile…the 2.8x—round it here—3x,” he said. “Totally base case, totally possible…would be 2 to 3x the trend…$250k to $375k Bitcoin.” Even as he embraces that range, he tempered expectations for a blow-off beyond it. “I would be very surprised if Bitcoin went above $350 or $375k by the end of the year, but I think it’s possible.” His framework is deliberately non-technical in the chartist sense. “We’re just looking at the power trend and where the price typically is over or under trend every four years,” he said. The model—represented by a “black line” he’s tracked since 2016—has, in his telling, proved more durable than the once-fashionable stock-to-flow approach: “It’s like the best trend line in all of finance…certainly better than the old stock-to-flow ratio.” The percentile overlays are frequency-based markers: the 90th denotes a level above which only 10 percent of observations sit, the 99th above only 1 percent. Historically, he observed, the most explosive cycles—2013 and 2017—briefly reached the 99th percentile, roughly 4.6× trend, a zone 2021 never touched. That “softer top” dynamic is consistent, he argues, with maturation: “As Bitcoin gets more adopted, these peaks do come down.” Pushing beyond the base case, Mežinskis addressed the outlier narratives circulating on social media. He acknowledged hearing projections in the “$444,000 in November” neighborhood and mapped them to his high-percentile bands: “400,000 is the 97th…[between] the 97th and 98th percentile, it’s pretty rare.” Those levels, at about 3½× trend, are—by definition—levels the market spends very little time above. Related Reading: Bitcoin Flashes Rare Buy Signal Not Seen Since $49,000 And $74,000 Bottoms None of this, he emphasized, is a timer. The framework “doesn’t tell you the time…we’re just assuming the four-year cycle.” If the cycle extends or compresses, the model won’t predict that path; it only sketches the altitude the market has historically achieved once a boom is underway. “If the market gets heated…if grandma’s getting excited this Thanksgiving…and giving her grandchildren money to buy Bitcoin, then perhaps it could happen again,” he quipped, before reiterating: “Absolutely possible that we have lower highs and even possible that we get out of the four-year cycle, but I’m still not seeing it based on the price action.” Mežinskis also flagged the hazards that often follow euphoria, warning that narrative shifts at elevated plateaus can coincide with leverage-driven fragility. Should Bitcoin treasury companies lever short-dated convertible debt to chase higher prices, a downturn could expose maturity and liquidity mismatches. “You could see absolutely a cascading [of] liquidations of these Bitcoin treasury companies,” he said, adding that reflexive waves can “go as high as the White House” in terms of policy attention if the cycle crescendos at scale. He was careful not to present that as a base case—“I’m not saying that it will”—so much as a reminder that what climbs on leverage can unwind through the same channel. The test he sets for the market over the next few months is crisp. A move above the 80th-percentile line—about $170,000 given his end-2025 trend—would keep the four-year template intact; a run into the 90th-percentile band would align with prior booms and mechanically prints a ~$250,000 spot price; an excursion toward the mid-90s percentiles would extend the tape to roughly $375,000, a level he calls the “max” he would expect this cycle—even if, as history shows, brief overshoots cannot be ruled out. For now, the structure that’s guided Bitcoin since 2016 “hasn’t been invalidated yet,” and until it is, Mežinskis’ message is unambiguously bullish: the bands are there, the tape has visited them before, and the upper ones still sit far above spot. At press time, BTC traded at $110,397. Featured image created with DALL.E, chart from TradingView.com
Over the last few weeks, both Bitcoin and Ethereum have seen an interesting wave of price action with high volatility. Naturally, this volatility has spurred a wave of trading as crypto traders see this as a time of opportunity due to the fluctuations. The result of this has been a rapid rise in the open interest of both Bitcoin and Ethereum during this time. While this, on its own, is significant, looking at the previous performances, it could suggest where the Bitcoin and Ethereum prices are headed next. Bitcoin And Ethereum Open Interest Remain Very High Toward the end of the month of August, the Ethereum price began rising rapidly, fueled by large buys from Ethereum treasury companies such as Bitmine and SharpLink. This push would eventually see the Ethereum price reach a brand new all-time high, beating out its $4,800 peak from 2021 after climbing above $4,950. Related Reading: Shiba Inu Descending Channel Breakout Shows Where Price Is Headed Next In the same vein, the open interest had risen rapidly, and this metric, too, rose to new all-time highs. By August 23, amid the frenzy, the Ethereum open interest climbed above $70 billion for the first time in history, marking a major milestone. Since then, the Ethereum open interest has retraced. But it is still sitting above $55 billion at the time of this writing, suggesting that interest in the altcoin is still high. While the Bitcoin open interest did not hit new peaks in the month of August like Ethereum, it also remained at very high levels. Data from Coinglass shows that the Bitcoin open interest is still averaging at a high $80 billion, still close to the $86 billion all-time high that was recorded back in July. What The Open Interest At ATHs Could Mean Looking at previous performances when the Bitcoin and Ethereum open interest have been at all-time high levels, there is usually a period of consolidation that follows, especially as price retraces. This was seen after the first all-time highs of the year back in February, which was followed by a few months of consolidation. Related Reading: Ethereum price Crash To $4,081: Why The Bears Are In Charge Then again, the peaks in June were followed by short consolidations, which ended in July. And then, another consolidation before the open interest started to rebound in August. This shows that the period of consolidation is not always long, but at the end of it is always another rise in open interest that coincides with a rise in price. From here, if the Bitcoin and Ethereum open interest were to hit new peaks, it would probably mean that their prices are ready to hit new highs as well. Following the trend of the last few months, the open interest could start to pick up again toward the end of September, propelled forward by price recoveries. Featured image from Dall.E, chart from TradingView.com
On-chain data shows the size of the average Bitcoin whale has dropped to the lowest level since 2018, a sign that may be bearish for BTC’s price. Average Bitcoin Whale Is Holding Just 488 BTC Now In a new post on X, on-chain analytics firm Glassnode has discussed about the latest trend in the average supply held by Bitcoin whales. Glassnode defines “whales” as entities holding between 100 and 10,000 BTC. At the current exchange rate, the range’s lower bound converts to $11.2 million and upper one to $1.1 billion. Related Reading: Bitcoin In Trouble? Exchange Reserve Spikes To Highest In Months Thus, the only investors who would qualify for the cohort would be the big-money traders. These holders can carry some degree of influence in the market, so their behavior can be worth keeping an eye on. The behavior of the cohort as usually gauged from their total holdings, however, can provide a skewed picture about the sentiment among them, as the investors toward the larger end of the range have more of a weightage in it. One way to pinpoint the behavior of the average whale is by looking at the size of the holdings of the average member of the group. Below is the chart shared by Glassnode that shows the trend in this metric for Bitcoin over the last few years. As is visible in the graph, the average Bitcoin supply per whale peaked back in early 2022, but switched to a decline as the bear market took over the sector. This suggests the whales reduced their exposure to the cryptocurrency during this period. With 2023 starting a recovery run for BTC, the average whale started loading up again, albeit at a slower pace than in the previous cycle. This accumulation continued until mid-2024, at which point it once more witnessed a reversal. Interestingly, instead of backing the rallies that have occurred between then and now, the whales have only accelerated their selling alongside them. The late 2024 run, especially, saw these humongous investors shed their holdings at a rapid pace. Related Reading: Toncoin (TON) Heading For A 50% Price Move, Analyst Explains Why Today, the amount of Bitcoin supply held by the average whale sits at just 488 tokens, which is the lowest that it has been since December 2018, almost seven years ago. In another X post, the analytics firm has also talked about how Ethereum whales have been doing recently. In particular, Glassnode has shared the trend in the holdings of the “mega whales,” holders carrying more than 10,000 ETH ($44.6 million). As displayed in the above chart, the Ethereum mega whales participated in buying during the recent price surge, but their accumulation has now stopped with the 30-day change in their balance dropping to zero. BTC Price At the time of writing, Bitcoin is trading around $111,900, up more than 1% over the past day. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Bitcoin is once again at the center of market turbulence, trading just above the $110,000 level, which many analysts view as a critical zone of demand. While BTC is holding this support for now, volatility has surged as bears increase pressure and investor sentiment grows cautious. The market is closely watching whether Bitcoin can maintain its footing or if a deeper correction will unfold. Related Reading: Ethereum Demand Spikes As Whales Add 260K ETH In 24 Hours One of the biggest factors fueling this uncertainty is the recent capital rotation from Bitcoin to Ethereum, a shift that has rattled Bitcoin loyalists. Ethereum’s resilience and whale accumulation have put BTC under additional scrutiny, raising fears that Bitcoin’s dominance in the market could weaken if the trend continues. Adding to the caution, top analyst Axel Adler highlighted fresh data showing a surge in BTC+ETH inflows to exchanges following Bitcoin’s all-time high of $124,000. At the same time, stablecoin inflows lagged significantly, signaling that the recent increase in supply on exchanges was not met with fresh liquidity. This imbalance often points to profit-taking and excess selling pressure. Bitcoin Inflow Ratio Signals Bearish Setup According to Adler, the recent weakness in Bitcoin is strongly linked to exchange flow dynamics. He points to the Inflow Ratio (BTC+ETH ÷ Stablecoins), a key indicator that measures the balance between major crypto inflows and stablecoin liquidity. Recently, this ratio spiked to 4.0×, coinciding with a wave of selling pressure and a noticeable price pullback. Adler explains this as a classic case of excess supply overwhelming fresh liquidity, a dynamic that has historically placed downward pressure on Bitcoin. Since then, the ratio has eased to around 2.7× on a 7-day moving average, and inflow volumes of majors have cooled to approximately $5 billion per day. While this marks an improvement from the extremes, it still signals that inflows of BTC and ETH are relatively high compared to the stablecoin capital available to absorb them. Simply put, there is not enough new demand flowing in to support sustained upward movement at current levels. Adler’s assessment suggests that Bitcoin remains in a bearish setup, with limited buying liquidity keeping rallies capped. However, he also cautions that crypto markets are highly dynamic, and trends can shift quickly. A sudden resurgence in stablecoin inflows or renewed institutional demand could reverse the current imbalance, sparking another bullish leg. For now, though, the data leans bearish, highlighting the importance of monitoring exchange flows as BTC navigates this critical phase. Related Reading: Bitcoin Mirrors Historical Pullback Ranges – Healthy Correction Or Trouble Ahead? BTC Testing Pivotal Resistance Level Bitcoin is currently trading near $111,192, showing a modest recovery after last week’s volatility that pushed the price below $108,000. The chart highlights Bitcoin’s attempt to reclaim momentum, with the price hovering just above the 100-day SMA (green line at ~$111,737). This moving average now acts as immediate resistance, and BTC needs a clear breakout above it to signal strength. On the upside, the 50-day SMA (~$115,638) represents the next major barrier. If bulls manage to push above this level, it would open the path to retesting the local peak around $123,217, marked as a key resistance line. However, Bitcoin’s inability to sustain gains above the 100-day SMA in recent sessions suggests that sellers remain active. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Support lies around $108,000, with stronger demand likely at the 200-day SMA (~$101,460). A breakdown below $108,000 could expose BTC to deeper losses, potentially dragging the price toward the psychological $100,000 level. Bitcoin remains in a consolidation zone, caught between major moving averages. A decisive move above $115,000 would tilt momentum bullish again, while a failure to hold current levels risks renewed selling pressure. Bulls must defend $108,000 to prevent further downside. Featured image from Dall-E, chart from TradingView
Crypto sits at the heart of Ray Dalio’s new message. On September 3, 2025, the Bridgewater Associates founder published a point-by-point rebuttal to what he called the Financial Times’ “mischaracterizations,” releasing the full written Q&A he says he provided to the paper. The exchange restates his “Big Debt Cycle” framework and argues that rising US debt burdens, risks to Federal Reserve independence, and mounting geopolitical fractures are eroding the dollar’s role as a store of wealth—conditions that he says are boosting gold and crypto. Why Crypto Is An “An Attractive Alternative” Dalio frames the US fiscal position as late-cycle and dangerously self-reinforcing. “The great excesses that are now projected as a result of the new budget will likely cause a debt-induced heart-attack in the relatively near future—I’d say three years, give or take a year or two,” he wrote. He quantified the near-term squeeze in stark terms, citing “about $1 trillion a year in interest” and “about $9 trillion needed to roll over the debt,” alongside roughly “$7 trillion” in spending versus “$5 trillion” in revenues, requiring “an additional roughly $2 trillion in debt.” That expanding supply, he argued, collides with weakening demand when investors question whether bonds “are good storeholds of wealth.” Related Reading: Crypto Bull Run Dead? Analyst Says The Real Top Isn’t Here Yet The fulcrum, in Dalio’s telling, is now the Federal Reserve. If political pressure undermines the central bank’s independence, he warned, “we will see an unhealthy decline in the value of money.” Should a “politically weakened Fed” allow inflation to “run hot,” the consequence would be that “bonds and the dollar [go] down in value” and, if not remedied, becoming “an ineffective storehold of wealth and the breaking down of the monetary order as we know it.” He linked this to a broader late-cycle pattern: foreign holders “reducing their holdings of US bonds and increasing their holdings of gold due to geopolitical worries,” which he called “classically symptomatic” of the endgame. Dalio connected the macro and political strands to a more interventionist policy backdrop, referencing actions “to take control of what businesses do” and likening the current phase to the 1928–1938 period. He did not pin the dynamic on a single administration—“this situation has been going on for a long time under presidents from both parties”—but said post-2008 and especially post-2020 policies accelerated it. “The interaction of these five forces will lead to huge and unimaginable changes over the next 5 years,” he added, listing debt, domestic politics, geopolitics, acts of nature, and technology (with AI most important) as the drivers. Within that late-cycle schema, Dalio placed crypto squarely in the “hard currency” bucket. “Crypto is now an alternative currency that has its supply limited,” he wrote. “If the supply of dollar money rises and/or the demand for it falls, that would likely make crypto an attractive alternative currency.” He tied the recent “rises in gold and cryptocurrency prices” to “reserve currency governments’ bad debt situations,” and reiterated his long-running focus on “storeholds of wealth.” Related Reading: This Altcoin Is A 12,500% Crypto Bet Until 2028, Says Arthur Hayes On whether crypto could “meaningfully replace the dollar,” he emphasized mechanics over labels, noting that “most fiat currencies, especially those with large debts, will have problems being effective storeholds of wealth and will go down in value relative to hard currencies,” a pattern he said echoed the 1930–1940 and 1970–1980 episodes. Dalio addressed crypto stablecoin risk in that context, separating asset price drawdowns from systemic fragility: “I don’t think so,” he said when asked if stablecoins’ Treasury exposure is a systemic risk, adding that “a fall in the real purchasing power of Treasuries” is the real hazard—mitigated “if they are well-regulated.” He also rejected the notion that deregulation alone threatens the dollar’s reserve status: “No,” he said, pointing again to debt dynamics as the primary vulnerability. Dalio’s latest remarks fit within a decade-long evolution of his public stance on Bitcoin and crypto rather than a whiplash reversal. Early on, he emphasized gold as the superior “storehold of wealth” and warned that if Bitcoin ever became too successful, governments might restrict it—tempering enthusiasm with regulatory risk. By 2020–2021 he began calling Bitcoin “one hell of an invention,” acknowledged owning a small amount, and increasingly framed it as a portfolio diversifier that rhymes with digital gold, while still stressing its volatility and policy sensitivities. With his latest remarks, Dalio puts the entire crypto market inside the monetary hierarchy he uses to analyze late-cycle dynamics. At press time, the total crypto market cap stood at $3.79 trillion. Featured image created with DALL.E, chart from TradingView.com
Bitcoin is once again testing a critical support zone, and speculation is whether September’s weakness will mark a turning point. With historical patterns often showing September dips followed by strong Q4 rallies, the market now faces a pivotal moment that could decide the next major move. Bitcoin Returns To The Bull Market Support Band In his latest update on X, Benjamin Cowen highlighted that Bitcoin recently touched the bull market support band just a few days before September officially began. This level has historically acted as an important pivot zone, where the bulls often attempt to hold the line and defend broader market structure. Maintaining strength above this band could play a vital role in preserving bullish sentiment. Related Reading: Bitcoin Price Recovery Hopes Rise – Can Bulls Push It Past Resistance? He explained further that August established a local high, suggesting that September may be shaping up to form a local low. In his analysis, this type of alternating cycle between highs and lows is common in Bitcoin’s price behavior, especially during transitional phases of the market. Benjamin Cowen also pointed out that the beginning of September already saw Bitcoin trading lower than any level observed in August. This underlines how quickly market conditions can shift, with price action flipping from bullish in late summer to more cautious as the new month begins. The analyst stated that the best-case scenario would be if Bitcoin’s monthly low had already been established on September 1st. If that is the case, bulls could regain confidence sooner rather than later, stabilizing price action around the bull market support band. Such development would enable a healthier market structure and potentially lay the groundwork for another leg higher as the month progresses. Historical Cycles Suggest Q4 Upside If Support Holds In his analysis, Benjamin Cowen explained that the ideal scenario for Bitcoin would be to hold steady at the 20-week Simple Moving Average (SMA) throughout September. He noted that in previous bull cycles, including 2013, 2017, 2020, and 2021, Bitcoin successfully maintained this level before climbing to new highs in Q4, making it a key historical pattern to watch. Related Reading: Bitcoin In Trouble? Exchange Reserve Spikes To Highest In Months Cowen further emphasized that if Bitcoin fails to sustain the 20W SMA, attention should shift to the 50W SMA, which has consistently served as a strong foundation during the ongoing bull market. This level remains a crucial safety net for maintaining broader bullish momentum, even if short-term weakness emerges. As of September 3, 2025, Bitcoin is trading around $111,053, up 0.83% over the past 24 hours, with an intraday high of $111,716 and a low of $108,505, showing moderate volatility. The 24-hour trading volume is approximately $73.2 billion, reflecting healthy market activity, while Bitcoin’s market capitalization stands at about $2.22 trillion, solidifying its position as the leading cryptocurrency. Featured image from Getty Images, chart from Tradingview.com
Bitcoin (BTC) has experienced a significant correction this week, retracing over 10% from its all-time highs above $124,000. Despite this downturn, many remain optimistic about the cryptocurrency’s potential for further gains in the coming months. David Bailey, CEO of Bitcoin Magazine and a crypto advisor to President Donald Trump, has attributed the recent price fluctuations to the activities of large investors, commonly referred to as “whales.” Bitcoin Sell-Off Triggered By Whales? In a recent social media post on X (formerly known as Twitter), Bailey pointed out that two prominent whales are responsible for the recent sell-off, having reportedly liquidated 80,000 and 120,000 BTC, respectively. Interestingly, NewsBTC reported last week that despite record inflows into Bitcoin exchange-traded funds (ETFs) and growing interest from public companies, Binance may be one of these whales orchestrating the sell-off. DeFitracer suggested that Binance might be utilizing a market maker, Wintermute, to strategically execute trades, thereby creating a bearish trend that retail investors might follow. This strategy could allow Binance to profit from liquidations in the futures market. Related Reading: Ethereum Price Stuck In ‘Loading Phase’, What This Means For The Campaign For $5,000 Adding another layer to the current market dynamics, data analysis firm Arkham recently disclosed that a whale with over $5 billion in Bitcoin has begun purchasing Ethereum (ETH), moving $1.1 billion worth of BTC to a new wallet to facilitate these transactions. Although Bailey did not disclose the identities of the whales involved, he indicated that one is already “down,” while the other is halfway to a similar fate. This could suggest that once these sell-offs conclude, the Bitcoin price could regain its momentum, potentially reaching Bailey’s target of $150,000 per coin, which would signify a substantial 36% increase from current price levels. Public Companies Now Hold Over 6% Of BTC’s Supply In addition to the alleged whale activity that has suppressed Bitcoin’s uptrend, the growing involvement of publicly traded companies in the cryptocurrency market is impacting its price stability. According to JPMorgan global market strategist Nikolaos Panigirtzoglou, corporate treasuries now hold over 6% of Bitcoin’s total supply, acting as a form of private sector quantitative easing for the crypto markets. The analyst noted that the surge in Bitcoin purchases by corporate treasuries has led to a decrease in the cryptocurrency’s volatility, which could ultimately make the asset more appealing to investors. Related Reading: WLFI Slides 15% After Launch As Trump Token Team Eyes Burn Strategy Panigirtzoglou highlighted that in July alone, public companies like Strategy (previously MicroStrategy), accounted for nearly two-thirds of Bitcoin purchases among major buyers, including exchange-traded funds and government entities. He suggests that this influx of institutional investment may reshape the landscape of Bitcoin ownership and trading, as reduced volatility can enhance BTC’s attractiveness as an investment alternative, particularly in comparison to gold. As of this writing, the leading cryptocurrency is trading at $110,900. This represents a slight 2% surge in the last 24 hours and a 90% increase year-to-date. Featured image from DALL-E, chart from TradingView.com
On-chain data shows the Bitcoin Exchange Reserve has witnessed a spike recently, a sign that could be bearish for the asset’s price. Bitcoin Exchange Reserve Has Hit A Multi-Month High In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Exchange Reserve of Bitcoin. The “Exchange Reserve” refers to an on-chain indicator that keeps track of the total amount of the cryptocurrency that is sitting on the wallets attached to centralized exchanges. When the value of the metric goes up, it means the investors are making net deposits of the asset to these platforms. Generally, one of the main reasons why holders would transfer their coins into the custody of exchanges is for selling-related purposes, so this kind of trend can have bearish consequences for the BTC price. Related Reading: Toncoin (TON) Heading For A 50% Price Move, Analyst Explains Why On the other hand, the indicator witnessing a decline suggests investors are taking out a net number of tokens from the exchanges. Such a trend can be a sign that the holders want to hold their BTC into the long term, which can naturally be bullish for the asset’s value. Now, here is a chart that shows the trend in the Bitcoin Exchange Reserve over the history of the cryptocurrency: As is visible in the above graph, the Bitcoin Exchange Reserve peaked in late 2024 and saw a reversal to a downtrend, indicating that investors switched to net withdrawals. The decline in the metric was persistent, but very recently, another turnaround has finally occurred, with the indicator shooting up instead. Its value has now reached the 3.383 million BTC mark, which is the highest that it has been in a few months. “This signals a shift in trader behavior,” notes Maartunn. “More coins moving to exchanges often precedes increased selling pressure.” The deposit spree from the investors has come alongside a period of bearish action in the Bitcoin price. It now remains to be seen whether these exchange inflows would extend the drawdown. Related Reading: Bitcoin Finds Support At Short-Term Holder Cost Basis, But For How Long? Speaking of the price decline, on-chain analytics firm Glassnode has discussed about how this plunge compares against past ones in terms of the BTC supply in loss. As displayed in the chart, only 9% of the Bitcoin supply is in loss following the price drawdown. The maximum loss among these underwater coins is also currently just 10%. As Glassnode explains, In contrast, the local bottom of this cycle saw >25% of supply at up to 23% losses, and global bear markets have reached >50% supply with up to 78% losses. This dip remains relatively shallow. BTC Price At the time of writing, Bitcoin is trading around $111,200, up 2% over the last 24 hours. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Strategy, the largest Bitcoin (BTC) treasury company formerly known as MicroStrategy, has reinforced its vision to accumulate Bitcoin by acquiring nearly $450 million worth of the market’s leading cryptocurrency. This move comes as the firm’s co-founder, Michael Saylor, remains optimistic about the digital asset’s long-term potential, even in the face of recent price corrections that have seen Bitcoin dip over 10% below its all-time highs. Strategy Continues Bitcoin Buying Spree In a recent update shared on X (formerly Twitter), Saylor revealed that Strategy acquired 6,048 Bitcoin for a total price of $449.3 million between August 26 and September 1, 2025. This latest purchase adds to the firm’s substantial holdings, which now total 636,505 BTC, acquired at an average cost of approximately $73,765 per Bitcoin, amounting to an investment of around $46.95 billion. Related Reading: Dogecoin Bull Run Could Start On September 13, Analyst Predicts Saylor also highlighted that Strategy has achieved a Bitcoin yield of 25.7% year-to-date (YTD). Additionally, the firm provided updates on its at-the-market offering programs, which included the sale of various preferred shares and common stock, generating significant net proceeds. This includes 199,509 shares of 8.00% Series A Perpetual Strike preferred stock for $19 million, 237,931 shares of 10.00% Series A Perpetual Strife preferred stock for $26.5 million, and 1,237,000 shares of MSTR for $425.3 million. The aggressive investment strategy employed by Saylor’s firm has inspired other public companies to explore similar avenues. Strategy has been a trailblazer in this space, being one of the first publicly traded companies to adopt Bitcoin as a primary treasury asset. This growing trend is bolstered by favorable regulations and initiatives stemming from President Donald Trump’s administration, which have facilitated broader adoption of these assets, including altcoins like Ethereum (ETH), Binance Coin (BNB) and XRP. Metaplanet Becomes Seventh-Largest BTC Holder A notable example of this investment shift by public companies is Metaplanet, often referred to as “Japan’s MicroStrategy.” The company has approved a plan to sell up to 550 million new shares overseas, aiming to raise approximately 130.3 billion yen ($884.41 million) to finance additional Bitcoin purchases. Once a hotel operator, Metaplanet has pivoted to focus on cryptocurrencies, inspired by Saylor’s approach. Founder and CEO Simon Gerovich liquidated most of the company’s hotel assets, which had been struggling due to the COVID-19 pandemic, redirecting those funds into Bitcoin starting in April 2024. Related Reading: Is XRP A Meme Coin? Analyst Reveals How Whales Are Playing The Game Metaplanet’s strategy has proven effective, as it has become the seventh-largest holder of Bitcoin among public treasuries globally, according to BitcoinTreasuries.net data. The company recently announced on Monday the addition of 1,009 BTC to its total, bringing its holdings to 20,000. Its stock, MTPLF, has experienced a surge of about 740% YTD, currently valued at $5.82 per share. Strategy’s stock, under the ticker symbol MSTR, is trading at $343 as of this writing, up 2.5% from Monday’s price. Meanwhile, Bitcoin trades at $111,630, up 2% in the last 24 hours. Featured image from DALL-E, chart from TradingView.com