Kategorie: Crypto Markets

• Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded net inflows of $552.78 million on Thursday.
• Bitcoin traded above $115,000 on Friday, gaining nearly 4% so far this week.
• Market participants are also watching the upcoming Federal Open Market Committee meeting on September 16-17.

Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded net inflows of $552.78 million on Thursday, according to Farside Investors, extending a four-day streak of positive flows as institutional demand returned.

BlackRock’s iShares Bitcoin Trust (IBIT) attracted $366.2 million in inflows, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) drew $134.7 million.

Bitwise’s BITB added $40.43 million, while funds managed by VanEck, Invesco and Franklin Templeton also posted inflows.

The streak has brought cumulative inflows of $1.7 billion over four consecutive trading days.

This comes after the funds saw $751 million in outflows in August, their third-worst month since launching in January 2024.

August also saw strong activity in Ethereum-focused products, with spot ether ETFs posting $3.87 billion of inflows, their second-best month since debut.

The trend fueled a “capital rotation” narrative, contributing to Bitcoin’s decline to around $107,500 by the end of the month.

Ether ETFs began September with several days of outflows but returned to positive territory on Tuesday. On Thursday, the ETFs recorded $113.12 million in inflows.

Bitcoin and Ether prices rebound

Bitcoin traded above $115,000 on Friday, gaining nearly 4% so far this week after closing above key resistance levels.

Ethereum and Ripple also rebounded, rising about 5% and 6% respectively.

Bitcoin began the week facing resistance at its 50-day Exponential Moving Average (EMA) of $113,129, but rallied more than 2% on Wednesday to close above that threshold and extended gains through Thursday.

At the time of writing, BTC was approaching daily resistance at $116,000. A close above that level could pave the way for further gains toward the psychological threshold of $120,000.

Ethereum has been consolidating between $4,232 and $4,488 since August 29.

On Friday, it was nearing the upper boundary of that range at $4,488. A break above could set the stage for a rally toward its all-time high of $4,956.

Market participants are also watching the upcoming Federal Open Market Committee meeting on September 16-17.

According to CME Group’s FedWatch Tool, futures pricing implies a 92.5% probability of a 25 basis point rate cut and a 7.5% chance of a 50 basis point reduction.

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• ETH holds $4.2K–$4.5K range as $7.5B accumulation signals long-term support.
• Institutional open interest hits records, boosting confidence in ETH outlook.
• Key $4.5K resistance may trigger rally, while $4K–$4.1K offers downside support.

Ether (ETH) is trading in a narrow band between $4,200 and $4,500 this month, showing signs of fading momentum even as underlying on-chain data suggests stronger structural demand.

While short-term traders remain cautious about potential weakness, accumulation patterns, exchange flows, and institutional positioning paint a more nuanced picture of Ethereum’s market trajectory.

Accumulation trends around $4,300–$4,400

Data from blockchain analytics firm CryptoQuant highlights a key accumulation zone between $4,300 and $4,400.

Roughly 1.7 million ETH, worth around $7.5 billion, has been absorbed into long-term accumulation addresses at these levels.

Much of this activity has been linked to withdrawals from centralized exchanges, which reflects an average cost basis near $4,300.

This cluster of buying interest establishes a significant support region that could serve as a cushion if Ether revisits lower levels.

Analysts suggest that the ability of ETH to hold above this range may determine whether the current consolidation turns into a springboard for a rally or a deeper correction.

Binance, the world’s largest exchange by volume, has been central to this dynamic, handling the largest outflows during the accumulation phase.

Interestingly, addresses that deposited ETH onto Binance show a markedly lower average cost basis, closer to $3,150.

This divergence highlights contrasting strategies between longer-term holders accumulating at higher levels and shorter-term traders potentially seeking profits at lower entry points.

Institutional participation and derivatives market activity

Institutional flows are also shaping Ether’s outlook.

Open interest on the Chicago Mercantile Exchange (CME) has climbed to record highs, with a heavy concentration in short-term maturities spanning one to three months.

While this concentration increases the likelihood of volatility around contract expirations, it also signals rising institutional engagement.

Notably, longer-term maturities of three to six months are also building, which analysts interpret as a sign of confidence in Ethereum’s broader trajectory.

Crypto market analyst Pelin Ay emphasized that institutional demand and positioning in derivatives markets could support further upside.

While liquidation risks remain elevated, Ay suggested ETH may still target the $6,800 resistance level before the end of the year.

Technical levels and market sentiment

From a technical perspective, Ether has largely ranged between $4,200 and $4,500 in September, underperforming peers such as Bitcoin and Solana, which have recently notched higher highs.

This divergence suggests a temporary rotation of capital into other major crypto assets.

Still, the $4,500 level is seen as a crucial inflection point.

A decisive break above this threshold could restore momentum and trigger a stronger upside move.

On the downside, risks of a liquidity sweep remain, with support zones identified around $4,200 and an order block near $4,000–$4,100.

Market sentiment remains divided. Crypto trader Merlijn pointed to monthly indicators turning more constructive, including a MACD flip to green after years of consolidation.

According to Merlijn, this technical signal suggests Ethereum is “coiled and ready to detonate,” adding that clearing the $4,500 level could trigger a parabolic rally.

As Ethereum approaches the final quarter of the year, the balance between weakening short-term momentum and deepening structural support may determine whether it breaks higher or retests key demand zones.

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• Avalanche’s price rose to around $29.82 on Thursday, riding bullish news for the 10% uptick.
• This comes amid Avalanche Foundation’s plans for a $1 billion AVAX treasury strategy.
• AVAX is among several cryptocurrencies also on the list of expected crypto ETFs.

The Avalanche blockchain’s native token AVAX has surged nearly 10% following news of a significant financial maneuver by the Avalanche Foundation. 

On Thursday, AVAX price jumped to highs of $29.82, with daily volume rising more than 73%.

The uptick followed news that the Avalanche Foundation is poised to raise $1 billion to establish an AVAX treasury reserve.

Avalanche price gains amid $1 billion AVAX treasury

The Avalanche Foundation, the non-profit organization driving the Avalanche blockchain, is in advanced talks to establish two U.S.-based digital asset treasury companies aimed at amassing AVAX tokens. 

According to the Financial Times, sources familiar with the matter say these initiatives are expected to raise approximately $1 billion.

The deals aimed at this initiative are nearing completion, likely in the coming weeks.

The entity will use these funds to purchase millions of AVAX tokens at a discounted rate directly from the Foundation.

The first deal, led by Hivemind Capital, aims to secure up to $500 million through a private investment in a Nasdaq-listed company, with guidance from crypto investor Anthony Scaramucci.

Meanwhile, the second will involve converting an existing company into a similar treasury vehicle, also targeting $500 million.

Plans for a $1 billion AVAX treasury move come as Avalanche sees a huge increase across stablecoins and real-world assets.

For instance, Avalanche’s stablecoin market cap has increased by 58% to over $2.2 billion over the quarter. Elsewhere, RWAs are up by nearly 90% over the past month.

AVAX’s price rose amid the market’s reaction to the news, reaching above $29 and opening up a potential path for upward continuation by bulls.

What’s the outlook for AVAX price?

The recent price surge underscores renewed investor interest in Avalanche, particularly as it competes with blockchains like Ethereum and Solana, whose tokens have benefited from similar treasury stockpiling trends. 

Onchain data shows crypto treasury companies have raised over $16 billion in 2025 to ramp up their treasury strategies.

As the growing appetite for such investments rises, coins like AVAX could benefit. Tokenization is another big move.

AVAX is also one of the crypto tokens with ETF applications before the SEC. Market conditions and these factors could stabilize Avalanche’s price and allow it to rise alongside other cryptocurrencies.

In this case, AVAX could see sustained upward pressure, potentially testing the $40–$45 range.

However, market sentiment and regulatory developments will play a pivotal role. These factors can determine whether AVAX can maintain its gains or face resistance amid broader crypto market fluctuations.

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• A high-stakes vote is underway to choose Hyperliquid’s native stablecoin.
• The Stripe-aligned Native Markets has taken an early but slim lead.
• The winner will control a 5.5 billion dollar prize and a key DeFi rail.

The opening shots have been fired in a high-stakes and hotly contested battle for the financial soul of one of crypto’s fastest-growing exchanges.

The race to mint Hyperliquid’s native stablecoin, USDH, is underway, and in the early innings, the formidable, Stripe-aligned Native Markets team has seized a tenuous lead.

But with the majority of voting power still on the sidelines, the ultimate prize remains very much up for grabs.

As of Thursday morning in Hong Kong, Native Markets has secured 30.8 percent of the delegated stake, a lead built on the back of heavyweight validators like infinitefield.xyz and Alphaticks.

Its closest rivals, the New York-regulated Paxos Labs and the innovative Ethena, are trailing at 7.6 percent and 4.5 percent, respectively. Other contenders, despite splashy proposals, have yet to gain significant traction.

The undecided whales and the path to victory

But this is not a race that will be won in the early stages. The bigger and more decisive picture is that more than half of the total stake—a commanding 57 percent—remains unassigned.

This silent majority includes some of the most powerful and influential validators on the Hyperliquid network, including the single largest, Nansen x HypurrCollective, which alone controls over 18 percent of the vote, and the institutional giant, Galaxy Digital.

The final outcome will be decided by where these titans ultimately land.

Their votes will determine whether Native Markets’ early momentum is a decisive opening salvo or merely a fleeting lead in a long and unpredictable war. The deadline for this crucial decision is September 14.

A prize beyond measure

The stakes of this contest cannot be overstated. This is far more than a simple token launch; it is a battle to wire a new stablecoin directly into the financial backbone of a DeFi powerhouse.

Hyperliquid currently holds a staggering 5.5 billion dollars in USDC deposits, a sum that represents roughly 7.5 percent of that stablecoin’s entire circulating supply.

Replacing that with USDH would be a monumental shift, redirecting hundreds of millions of dollars in annual Treasury yield to the winning protocol.

The contenders have come to the table with lavish promises to woo the validators. Paxos has pledged 95 percent of its earnings to buy back Hyperliquid’s native HYPE token.

Frax has promised 100 percent of its yield directly to users. Agora has offered 100 percent of its net yield alongside institutional-grade custodianship.

With Hyperliquid already commanding nearly 80 percent of the decentralized perpetuals trading market, the winner of this contest will not just be minting a stablecoin; they will be forging a new, foundational rail for the future of decentralized finance.

Market updates

• BTC: Bitcoin is trading at 114,053 dollars, up 2.6 percent in the past 24 hours. The move reflects a short-term rebound fueled by positive risk sentiment, even as a longer-term consolidation continues.

• ETH: Ethereum is trading at 4,373.99 dollars, up 2 percent, as investors shrug off a recent mass-slashing event that penalized over 30 validators, a sign of the network’s underlying resilience.

• Gold: Gold is holding near 3,635 dollars an ounce after hitting a peak of 3,674 dollars on Tuesday. Investors are awaiting U.S. inflation data, while the investment bank ANZ has raised its year-end gold target to 3,800 dollars, seeing a potential peak near 4,000 dollars by next June.

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