By James van Straten (All Times et unless indicated otherwise)
It is a new day, but the same story: He is fighting and You are trying to maintain the range of $ 4,000. Crypto Bulls can comfort yourself in the fact that only one week is left in September, a historically bassist month, and what is usually the strongest quarter is just around the corner.
The feeling within the industry remains moderate. The cryptographic fear and greed index is at 45, which is neutral, but is slightly closer towards fear than greed. Part of the reason is Bitcoin’s low performance compared to traditional assets. In the last three months, Bitcoin has added 7%, while S&P 500 gained 9%and 12%gold.
Looking towards the future, Bitcoin options worth $ 17 billion expire tomorrow, with a maximum price of pain (the level at which the options of options would experience the highest financial loss) of $ 110,000. That is slightly below the current spot price of $ 112,000 and could provide short -term gravitational attraction. For now, Bitcoin is expected to consolidate between $ 110,000 and $ 116,000 to October.
Meanwhile, the most notable action remains in artificial intelligence and high performance computer actions such as IREN (Iren). However, Bitcoin Treasury companies remain under pressure. Kindlymd (Naka) is fighting at $ 1.17, just above its private investment in public capital prices (PIPA), and Metaplenet (3350) fell another 4% in Tokyo. The action has fallen more than 70% from its historical maximum, leaving it operating to an asset value of 1.24 multiple to net (MNAV). This decrease stands out how MNAV have compressed throughout the wider market. Stay alert!
What to see
- Crypto
- September 25, 8:00 am: Plasma, a Capa-1 block chain designed for Global Payments from Stablecoin, begins its main beta beta and native token, XPL.
- Macro
- September 25, 8:30 am: Orders of Durable Goods of August of the United States Mom Composite Est. -0.5%, former transport est. 0%.
- September 25, 8:30 am: US GDP Q2 (final) growth rate qoq est. 3.3%.
- September 25, 8:30 am: US Initial Claims (W/E September 20) Est. 235K, continuing (W/E September 13) Est. 1930k.
- September 25, 8:30 am: PCE PCE prices of the USA (final) Qoq Headline est. 2%; Core est. 2.5%.
- September 25, 10 am: US August Sales of existing housing Est. 3.98m.
- September 25, 10 AM: Vice President of the Supervision Fed Michelle Bowman speech on “Supervision and regulation”.
- September 25, 1 PM: The speech of the governor of the Fed Michael Barr in “Bank Stress Tests”.
- September 25, 3 PM: Mexico Reference Interest Rate Est. 7.5%.
- Gains (data -based estimates)
Token events
- Government votes and calls
- You unlock
- September 25: Unlock 2.28% of its supply published for a value of $ 7.98 million.
- Lanza Token
- September 25: Aster (Aster) will list in BTSE.
- September 25: Plasma (XPL) to list in more than 10 exchanges, including Binance, OKX and Bitget.
- September 25: To list at the door.
- September 25: Avantis (AVNT) will list in BTSE.
Conferences
Token talk
By Francisco Rodrigues
- The price of Hyperliquid hype token has a significantly lower performance to the broader cryptographic market, mainly due to the growing competition of the BNB chain derivatives exchange Aster and the next tokens unlocks.
- Aster, which is backed by Yzi Labs, exceeded hyperlichid in the daily perpetual negotiation volume this week in a surprise that sent shock waves through the commercial chain of Crypto.
- In just one week, the open interest of Aster globó 33.500%, jumping from $ 3.7 million to $ 1.25 billion. Its 24 -hour negotiation volume reached $ 35.8 billion, more than double the hyperlichid, which registered $ 10 billion according to defillion data. Total blocked value (TVL) in Aster also jumped, almost tripling at $ 1.85 billion.
- The token of the platform, Aster, has added more than 344% in the last week to $ 2, which gives it a completely diluted valuation of $ 15.9 billion. Hype slid at $ 43 of $ 58.4.
- Hype’s fall coincides with anxiety for investors for the next token unlocks. At the end of November, 237 million advertising, with a value of more than $ 10 billion to current prices, will gradually become liquid for a period of two years.
Derivative positioning
- The open interest (OI) in futures linked to many important tokens has decreased in the last 24 hours, with AVEX witnessing the most acute fall, almost 12%.
- Even so, the general positioning in BTC futures remains elevated, with oi floating near the maximum records. Eth’s Futures OI has increased to 14.45 million ETH, despite the great liquidations in the decentralized exchange hyperliquid.
- The OI in Sol Perpetuals called in USDT and dollars in important exchanges has increased slightly 29 million sun to 30.28 million sun from Asian hours, since the spot price falls to $ 200. Some merchants seem to be shortening the decline.
- XRP, Sol, Hbar, TRX, SUI and XLM stand out as coins with negative financing rates, pointing to a bias for short short positions.
- In the CME, the bearish trend in BTC Futures OI has resumed, while OI in Ether Futures has re -registered maximums greater than 2.2 million ETH. The anualized base of three months in ETH has fallen to 7% of 9.8% in a sign of weakening of bullish pressures.
- In Delibit, BTC and ETH sales options continue to draw Premium in relation to calls, painting a bearish image. Some merchants collected the lower strike ether out of the money through the OTC desktop paradigm.
Market movements
- BTC has dropped 1.71% of the 4 PM ET on Wednesday to $ 111,622.87 (24 hours: -1.06%)
- ETH has dropped 3.38% to $ 4,026.82 (24 hours: -3.47%)
- COINDESK 20 has dropped 3.52% to 3,923.42 (24 hours: -2.57%)
- The reference rate composed of CESR Ether Cesr rises 5 PB to 2.9%
- The BTC financing rate is at 0.0022% (2,3586% annualized) in Binance
- DXY has not changed to 97.84
- Gold futures rose 0.39% to $ 3,782.80
- Silver futures rose 1.95% to $ 45.06
- Nikkei 225 closed 0.27% to 45,754.93
- Hang Seng closed 0.13% to 26,484.68
- Ftse has dropped 0.14% to 9,237.23
- Euro Stoxx 50 has dropped 0.25% to 5,450.72
- Djia closed 0.37% to 46,121.28 on Wednesday
- S&P 500 closed 0.28% to 6,637.97
- The Nasdaq compound closed 0.33% to 22,497.86
- The S&P/TSX compound closed 0.20% to 29,756.95
- S&P 40 Latin America closed 0.55% to 2.941.02
- The 10 -year Treasury Rate. UU. 0.8 PB dropped to 4,139%
- E-mini s & p 500 futures have not changed to 6,691.25
- E-mini nasdaq-100 futures have dropped 0.16% to 24,699.00
- The average industrial e-mini jones index has not changed to 46,471.00
Bitcoin statistics
- BTC domain: 58.92% (+0.45%)
- Ether-bitcoin ratio: 0.03612 (-1.47%)
- Hashrate (seven -day mobile): 1,095 eh/s
- Hashprice (spot): $ 49.79
- Total rates: 2.88 BTC / $ 325,474
- CME Futures Open Interest: 136,940 BTC
- BTC with a gold price: 29.8 oz.
- BTC vs Gold Market Cap: 8.44%
Technical analysis
- He is looking south, since he has abandoned a narrowing price range earlier this week.
- The price has penetrated the 23.6% fibonacci setback support, with simple mobile averages of 5 and 10 days of downward inclination indicated by a bearish bias.
- The approach now changes to $ 3,591, the recoil level of 38.2% of Fibonacci.
Cryptographic equities
- Global Coinbase (Coin): Closed on Wednesday at $ 321.77 (+0.53%), -1.37% at $ 317.37
- Circle Internet (CRCL): closed to $ 131.58 (+0.47%), -0.3% at $ 131.18
- Galaxy Digital (GLXY): Closed at $ 34.29 (+3.47%), -0.85% at $ 34
- Bullish (BLSH): closed at $ 67.59 (-2.73%), -1.97% at $ 66.26
- Mara Holdings (Mara): closed at $ 17.64 (-0.4%), -0.68% at $ 17.52
- Riot Platforms (Riot): closed at $ 17.99 (+5.39%), -0.89% at $ 17.83
- Core Scientific (Corz): closed at $ 17.01 (+0.06%), -0.82% at $ 16.87
- CleanSTark (CLSK): closed at $ 14.45 (+3.88%), -1.59% at $ 14.22
- COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): closed at $ 45 ( +4.9%), +1.71% at $ 45.77
- Exodus movement (exod): closed at $ 32 ( +12.08%), +2.84% at $ 32.91
Crypto Treasury Companies
- Strategy (Mstr): closed at $ 323.31 (-1.36%), -0.87% at $ 320.50
- Semler Scientific (SMLR): closed at $ 31.62 (-3.18%), +0.57% at $ 31.80
- Sharplink Gaming (Sbet): closed at $ 17.58 (+3.35%), -3.24% at $ 17.01
- UPEXI (UPXI): closed at $ 6.16 (-0.16%), -3.57% at $ 5.94
- LITE STRATEGY (LIT): Closed at $ 2.7 (+2.66%)
ETF flows
Spot BTC ETFS
- Daily net flows: $ 241 million
- Cumulative net flows: $ 57.45 billion
- Total BTC holdings ~ 1.32 million
Spot Eth Ethfs
- Daily net flows: -$ 79.4 million
- Cumulative net flows: $ 13.64 billion
- Total eth holdings ~ 6.6 million
Source: Farside Investors
While you sleep
- Ether falls to $ 4K, BTC, XRP slide as the US government. Federal agencies are writing unpaid license plans, since Congress faces a deadline of September 30 to approve Stopgap financing.
- Stablecoin Emier Circle examines the reversible ‘transactions in the output for crypto (Financial Times): Circle is exploring a layer of counteracts so that its arc blockchain allows reimbursements and has developed a confidentiality feature to hide the amounts of transactions, although it has not yet been published.
- Nine European banks join forces to broadcast Mica Stablecoin (Coindesk): ING, UNICREDIT, Danske Bank, Caixabank, Seb, KBC, Seal Banking, Dekabank and Raiffesen Plan to launch a Euro-Mica-Mica-Mica-Mica-Mica Stablin in the second half of 2026 to challenge Us Dominance.
- Australia seeks to bring cryptographic under the framework of financial services with a new bill (COINDESK): The bill would require cryptographic platforms to have financial services licenses under the supervision of the Australian Securities and Investment Commission, with an open consultation until October 24.
- White House Eyes New Round of mass layoffs if the government closes (The New York Times): a White House memorandum ordered federal agencies to plan permits and dismissals aimed at jobs seen as politically misaligned tensions, increasing tensions before the financing date of September 30.
