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.
Bitcoin has absorbed a barrage of macro shocks without breaking $77,000. With ETF flows recovering and on-chain signals remaining relatively healthy, $84,000 has become the market’s key battleground.
In a new essay, Buterin sets out a roadmap in which zero-knowledge proofs, faster finality, multi-party block building and formal verification turn Ethereum into what he calls a cryptographic world computer by around 2030.
Crypto held steady through a weekend in which Washington turned down Tehran's seven-day proposal to reopen the Strait of Hormuz, before selling off in Asian trading on Monday as reports pointed to renewed US strikes after the midterms.
