encryption assets panorama
BTC (-1.01% | Current Price 114,361 USDT)
Recently, the BTC price has continued to fall after encountering resistance around 117,900 USD. The moving average system (MA5, MA10, MA30) has formed a bearish arrangement, indicating a weak short-term trend. The current price has dropped to around 114,300 USD and briefly tested a low of 114,250 USD. The trading volume has significantly increased during the decline, indicating that the bearish forces are dominant.
If the short-term cannot quickly recover the range of 115,000 USD, BTC may continue to trend downwards, with the next support focusing on the range of 113,800–114,000 USD; the upper resistance levels are around 115,500 USD and 116,200 USD. Overall, the short-term trend is bearish, and further pullback risks should be monitored.
In addition, September

crypto market panorama
BTC (-1.01% | Current Price 114,361 USDT): Recently, the BTC price has continued to decline after encountering resistance near 117,900 USD. The moving average system (MA5, MA10, MA30) has formed a bearish arrangement, indicating a weak short-term trend. The current price has dropped to around 114,300 USD, and it once dipped to 114,250 USD. The trading volume has significantly increased during the decline, indicating that the bearish forces are dominant. On September 19, the net inflow for BTC ETF reached 222 million USD in a single day, with BlackRock's IBIT inflow being 246 million USD.

This report points out that by August 2025, the global stablecoin market capitalization will reach 280 billion USD, with on-chain annual settlement exceeding 30 trillion USD. Stablecoins are upgrading from a medium of exchange in crypto trading to a global financial infrastructure. This explosive growth is driven by the implementation of compliance policies and the entry of corporate giants. The "GENIUS Act", "Stablecoin Regulation", and MiCA legislation mark the entry of stablecoins into the era of compliance sailing. The stablecoin model has evolved into "anchoring + yield + application", expanding comprehensively in terms of payment, yield, and application layer. Meanwhile, competition in the sector has upgraded from the "token battle" to the "infrastructure battle", with Tether, Circle, Stripe, Alchemy Pay, and others vying for payment settlement dominance through building their own public chains.

Encryption Market Overview
According to CoinGecko data, from September 2 to September 15, 2025, the encryption market continued its diversified development pattern. In terms of market performance, BTC fluctuated upward along the upward trend line, testing the resistance level of $117,400 multiple times; ETH once surged to $4,950, but after encountering resistance at a high level, it entered a consolidation phase. [1]
In terms of performance for altcoins, small to mid-cap assets have become the main line of capital rotation in this round, with MYX and CONSCIOUS recording increases of over 900%, showing the most outstanding performance and clear volume characteristics; PUMP rose over 120% during the same period, strongly advancing under the combined push of community enthusiasm and trading momentum, significantly driving the short-term speculative sentiment in the market. Overall, narrative clarity and outstanding flexibility in thematic tokens have received concentrated capital support, becoming a feature of the volatile market.

encryption asset panorama
BTC (+0.74% | Current Price 117,430 USDT)
BTC has recently maintained a volatile consolidation around the $117,400 mark, with multiple attempts to break through the $117,900 high during the day but failing, indicating that upward pressure still exists. Currently, the price is running near the short-term moving averages (MA5, MA10), which are temporarily in a converging state, while MA30 ($117,133 USDT) has formed support below, suggesting an overall structure that is leaning towards strong volatility. Trading volume expanded on the 18th but then shrank immediately, indicating that buying power has weakened and the market is in a wait-and-see state. If it can effectively break through $117,900 in the future, it is expected to open up further upward space; however, if it falls below the $117,100 support, it may trigger a short-term pullback. Overall, BTC maintains a strong volatility trend within a range, and attention should be paid to operations.

crypto market panorama
BTC (+0.74% | Current price 117,430 USDT): BTC has maintained a fluctuation around 117,400 USD in the past two days, with multiple attempts to break through 117,900 USD failing, showing clear upward pressure. Short-term moving averages are converging, with MA30 (117,133 USDT) providing support, indicating a strong oscillation structure. If it can break through 117,900 USD, it is expected to move higher; however, if it falls below 117,100 USD, it may trigger a short-term correction. It is recommended to sell high and buy low, paying attention to key support and resistance levels.
ETH (+0.18% | Current Price 4,610 USDT): After encountering resistance at 4,767 USDT, ETH has pulled back and is currently consolidating around 4,600 USDT, with MA30 (4,590 USDT) providing support. Overall, it remains in a state of oscillation and accumulation. Trading volume is low, and funds.

encryption asset panorama
BTC (+0.96% | Current price 117,668 USDT)
BTC maintains a bullish structure in the short term, currently stabilizing above the 5MA, 10MA, and 30MA lines, with short-term moving averages showing a bullish arrangement. The MACD indicator continues to rise in volume, with the momentum red bars expanding, indicating that bullish momentum is continuously strengthening. The current price has broken through the short-term consolidation range and briefly touched a high of 117,793 dollars. If buying momentum continues, it is expected to challenge the resistance level above 118,000 dollars, with short-term support to watch around 116,300 dollars.
ETH (+2.30% | Current price 4,629 USDT)
ETH maintains a fluctuating upward trend, with the K-line stabilizing above the short-term moving averages. The 5MA and 10MA show a clear upward curve, indicating that the price is in a recovery channel. MACD bullish.

Abstract
1. The cryptocurrency market as a whole maintained a slightly strong fluctuation this week, with BTC and ETH both rising slightly.
2. Tokens such as EIGEN, KMNO, and DRIFT have performed remarkably well, each recording double-digit increases.
3. DeFi Development further increases holdings by 60,000 SOL, total holdings exceed 2 million.
4. Benefiting from multiple treasury programs, Solana has seen an increase of over 10% in the past 7 days.
5. The altcoin season index has risen to 73, indicating a significant warming of the altcoin market.
6. Forward Industries completes $1.65 billion financing and establishes a treasury reserve strategy centered around SOL.
Market Interpretation
Market Commentary
BTC Market —— This week BTC has risen by 2.10%. BTC is maintaining a bullish structure in the short term, currently priced at

encryption asset panorama
BTC (+1.41% | Current Price 116,656 USDT)
After several days of horizontal fluctuations, BTC experienced a significant surge in the early morning of September 17, with the price briefly breaking through the $116,900 mark and reaching a high of $116,956. The short-term moving averages (MA5, MA10) quickly turned upward and are in a bullish arrangement, with the price operating above the MA30, indicating strong short-term bullish momentum. The trading volume increased simultaneously during the breakout, suggesting strong buying interest. If it can stabilize above $116,500 subsequently, there is still a chance to continue testing upward towards $117,000 or even higher pressure zones. However, caution is needed regarding the risk of chasing prices at high levels; if the price falls back below $116,000 and is accompanied by decreasing volume, a short-term pullback and consolidation may occur. Overall, the trend remains strong, and it is advisable to control positions.

crypto market panorama
BTC (+0.04% | Current Price 111,277 USDT): After several days of sideways movement, BTC saw a noticeable surge in the early hours of September 17, with the price briefly breaking through the 116,900 USD mark and reaching a high of 116,956 USD. The trading volume increased simultaneously during the breakout, indicating strong buying interest. If it can stabilize above 116,500 USD, there is still a chance to test the 117,000 USD pressure zone or even higher in the short term. However, be cautious of the risks associated with chasing prices at high levels; if the price falls back below 116,000 USD and trading volume decreases, a short-term pullback may occur. Overall, the trend remains strong, and it is advisable to control positions and avoid chasing prices.
ETH (-1.63% | Current Price 4,326 USDT): ETH recently dropped from 4,738 USD

Market Overview Highlights from Last Week:
Alpha Gold Mining: BTC is fluctuating upwards along the ascending trend line and has tested the resistance level near the high point of $117,400 multiple times; ETH price once surged to $4,950 but entered a consolidation pattern after meeting resistance at the high. In terms of altcoins, MYX surged over 144%, becoming the most eye-catching token; PUMP and MNT also recorded increases of 63% and 41%, respectively, showing a strong rebound in the short term.
On-chain funds: The Arbitrum chain has seen a net inflow of $204 million recently due to the DRIP incentive program, with TVL reaching a new high of $353.1 million.

Gate Research Institute Daily: On September 16, the price of BTC experienced a brief spike before retreating, currently oscillating around $115,000; ETH performed relatively weak today, quickly falling back after hitting $4,660. The token U rose approximately 40.10% within 24 hours; Shibarium was attacked by hackers, leading to a significant decline in the Memecoin zone; PayPal will support cryptocurrency peer-to-peer payments, allowing for direct transfers of BTC, ETH, etc.; Gate launched Boundless (ZKC) spot trading and opened Launchpool.

crypto market panorama
BTC (-0.48% | Current Price 115,434 USDT): Recently, the BTC price has generally fluctuated in the range of 115,000 to 116,600 USD. The price has found support several times around 115,400 USD, but faced strong resistance near 116,600 USD and has not been able to break through effectively. On September 12, the net inflow for BTC ETF reached 642 million USD in a single day, with BlackRock's IBIT inflow at 264 million USD and Fidelity's FBTC inflow at 315 million USD.
ETH (0.36% | Current Price 4,624 USDT): Recently, the ETH market has shown a structure of strong rally followed by a consolidation and retracement. After reaching a local high around 4,766 USDT, the price faced resistance and has pulled back, currently trading at 4

crypto market overview
- BTC (+0.05% | Current Price 115,880 USDT): BTC is maintaining a bullish structure in the short term, currently trading above the moving average, with short-term moving averages aligned in a bullish formation, and the trend remains within an upward channel. The MACD indicator continues to show increasing volume, with the momentum red bars gradually expanding, indicating that buying pressure is strengthening. The current price has broken through the previous high area and once reached 116,300. If bullish sentiment continues, it is expected to further test the resistance level around 117,000, while short-term support can be observed in the range of 115,350 to 114,900.
- ETH (+0.25% | Current price 4,523 USDT): ETH continues to show a strong oscillating upward pattern, with the current price stabilizing above the short-term moving averages. Both the 5-day and 10-day moving averages show a significant upward angle, indicating a good short-term trend. MACD indicator

encryption assets panorama
BTC (+2.57% | Current Price 114,027 USDT)
The price of BTC has shown a clear upward trend recently after several rounds of fluctuations and consolidation, briefly breaking through the stage high of $114,300 and currently maintaining a high-level oscillation. The short-term moving averages (MA5, MA10) have turned upward and are in a bullish arrangement, with the price staying above the MA30, indicating sufficient short-term bullish momentum. The increase in trading volume alongside the price rise suggests that buying power is gradually strengthening. If it can firmly hold above $114,300 in the following period, there is hope for a continued upward trend. However, one must be cautious of the risk of a pullback after a short-term spike; if the price falls back below $113,500 with insufficient volume, it may trigger a technical correction. The overall trend is strong, and it is recommended to follow the trend in operations while paying attention to profit-taking and risk control.
ETH (+1.87% |

Abstract
1. This week BTC rose by 2.43%, ETH rose by 1.72%, and mainstream altcoins continued to rise overall.
2. MYX token is currently priced at 18.34 USD, with a 24-hour increase of up to 18.1%, and a cumulative surge of 1533.7% over 7 days.
3. Gate introduces a staking feature, supporting mainstream assets.
4. Pendle's TVL has increased by over 10% in the last 7 days, reaching a new high.
5. The OpenSea Foundation plans to announce the SEA token TGE in early October.
6. The altcoin index is rising rapidly, with obvious signs of capital rotation.
Market Interpretation
Market Commentary
- BTC Market —— This week BTC rose by 2.43%. After undergoing previous fluctuations and consolidation, BTC has continued to rise recently, reaching a peak of 124,400 USD.

Abstract
The on-chain ecosystem is accelerating differentiation, with Solana maintaining a dominant position in high-frequency transactions, while Ethereum solidifies its high-value status. The structure of capital flow is evolving towards "the strong get stronger," with emerging public chains performing well, while some side chains and L2 face pressure from capital withdrawal.
Ethereum, with a net capital inflow of over $2 billion and a price that has reached new highs alongside institutional allocations, continues to firmly occupy the core of public chains. Emerging public chains are rising in capital attraction, while sidechains like Polygon are experiencing significant capital outflows, presenting a pattern of "the strong getting stronger."
Bitcoin's inflow has slowed after reaching a high of $124,000, but selling pressure is mild, the cost basis support remains solid, and unrealized losses are maintained at a low level, indicating that the current pullback is a phase correction rather than a trend reversal.
Aave continues to dominate the decentralized lending space and has entered the institutional-grade RWA collateral lending market by launching the Horizon platform.

encryption assets overview
BTC (-0.35% | Current Price 110,974 USDT)
BTC has experienced a significant pullback after a wave of upward movement, currently maintaining a price around 110,974.7 USD. The short-term moving averages (MA5, MA10) have turned downward and fallen below MA30, indicating a weakening in short-term bullish momentum. Trading volume has clearly increased during the decline, suggesting that bearish forces are taking the initiative. If the price continues to oscillate below 111,000 USD, it may further test the support around 110,000 USD. However, if it can stabilize quickly and recover MA30, it may return to the 112,000 – 113,000 range. Overall, the short-term trend for BTC has weakened, and further pullback risks should be monitored.
ETH (+0.5% | Current Price 4,309 USDT

Crypto market panorama
BTC (-0.35% | Current Price 110,974 USDT): After experiencing a surge, BTC has shown a significant pullback in the short term, currently maintaining a price around 110,974.7 USDT. Its trading volume has noticeably increased during the decline, indicating that the bears are taking control. If the price continues to fluctuate below 111,000 USDT, it may further test the support at the 110,000 USDT level. However, if it can quickly stabilize and recover above the MA30, it may have the potential to return to the 112,000 - 113,000 USDT range. Overall, the short-term trend for BTC is weakening, and further pullback risks should be monitored.
ETH (+0.5% | Current price 4,309 USDT): ETH has recently been fluctuating around 4,300 USD, currently closing at 4,309.62 USD.