Range trade: BTC is currently trading between $116,800 (near-term support) and $118,000 (overhead resistance).
ETF Flows: On September 18, ETFs came back strongly into inflows with Ethereum spot ETFs adding $213 million, and Bitcoin spot ETFs adding $163 million.
Derivatives concentration: Options open interest at a record 500,000 BTC ahead of the September 26 expiry; perpetual OI pulled back to ~380,000 BTC.
Structure & breadth: Altcoin Season Index at 80 shows altseason persists as BNB, SOL, and others outperformed; BNB briefly hit $1,004 intraday.
On-chain signal: BTC saw the second-largest inflow to accumulation addresses in 2025, and 95 percent of the supply is currently in profit. This is supportive of the current price structure, but profit-taking risk is elevated.
The departure of Hsiao-Wei Wang leaves the Ethereum Foundation without a permanent co-executive director for the second time this year, as eight senior figures have now left the organization in five months.
The new Fed chair held rates, dropped forward guidance, and delivered a dot plot that reset rate-hike expectations — and in doing so, reminded crypto markets that macro correlation isn't a solved problem.
The listing is not a ban or a finding of wrongdoing, but it signals that Singapore users dealing with Bybit have no regulatory recourse if something goes wrong.
Bitcoin slipped toward $63,000 and ether fell 3.6% as Kevin Warsh's first FOMC meeting produced a dot plot that now projects rate hikes – not cuts – before the year is out.
