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.

Last week, M experienced a big pump of 181.78%, mainly due to its "HALLO MEME" offline event's exclusive attributes for holders and strong social media influence, which triggered a strong fear of missing out (FOMO) effect. The pump was aided by the dynamic fee mechanism and continuous buyback model introduced by Project Ascend, rising 46.62%. The Solana ecosystem is showing strong signs of recovery, with institutional funds continuing to increase. The stablecoin sector is entering the "on-chain infrastructure competition" phase, with payment giant Stripe collaborating with Paradigm to launch the Tempo chain, further intensifying the competition among stablecoin public chains.

crypto market panorama
BTC (0.41% | Current Price 111,184 USDT): BTC price reached a high of 112,800 USD after a period of volatile upward movement, and then fell back, currently retreating to around 111,000 USD. The rise and fall trend indicates that selling pressure remains heavy above, and if it cannot quickly recover above 111,600 USD in the short term, the market may continue to be under pressure to decline, with attention needed on whether the support at 110,700 USD can hold. On September 8, the net inflow of BTC ETF reached 25.5 million USD in a single day, with BlackRock's IBIT and Fidelity's FBTC inflowing 156 million USD, indicating that institutional funds are continuously increasing their positions in Bitcoin, enhancing the allocation weight of this asset.
ETH (0.01% | Current Price 4,283 USDT): ETH

encryption assets panorama
BTC (0.30% | Current Price 110,828 USDT)
Recently, the BTC price has been fluctuating around 110,000 dollars, with short-term moving averages (MA5, MA10) entangled near the price, indicating a temporary balance of bullish and bearish forces. The current price is below MA30 (113,680 dollars), suggesting that the medium-term trend remains weak, and the market is in a recovery phase.
Structurally, BTC formed a wave of upward movement from July to early August, reaching a high of $124,497, and then encountered resistance and fell back, dipping to a low of $98,200, maintaining overall oscillation in the range of $98,000–$124,000. Currently, the price is consolidating in the middle of the range, with trading volume gradually decreasing, indicating that the market is entering a wait-and-see period.
If BTC can effectively break through 113,500

crypto market panorama
BTC (0.30% | Current Price 110,828 USDT): Recently, the BTC price has been fluctuating around 110,000 USD. Structurally, BTC formed a wave of upward movement from July to early August, peaking at 124,497 USD, then encountering resistance and falling back, reaching a low of 98,200 USD, maintaining overall fluctuations in the range of 98,000–124,000 USD. Currently, the price is consolidating in the middle of the range, with trading volume gradually decreasing, indicating that the market has entered a wait-and-see period. On September 5, the net outflow of BTC ETF reached 160 million USD in a single day, with BlackRock's IBIT experiencing an outflow of 63.2 million USD.
ETH (0.01% | Current price 4,297 USDT): Recently, the ETH price has been around 4,300 dollars.

encryption asset panorama
BTC (+0.04% | Current Price 111,277 USDT)
BTC price quickly stabilized and rebounded after a round of decline, currently standing back around 111,000 USD, with short-term bullish strength increasing. The short-term moving averages (MA5, MA10) have shown signs of turning and are attempting to converge upwards towards MA30, indicating that a short-term recovery trend is unfolding. From the trading volume perspective, there is certain volume support during the rebound process, suggesting that buying interest is gradually warming up. If the price can effectively break through and stabilize above 112,000 USD, it is expected to further challenge the previous high of the 112,500 USD region. However, if the upward momentum weakens and falls back below 110,000 USD, it may test the previous low support again. Overall, BTC's short-term trend leans towards a strong oscillation, and attention should be paid to the gains and losses at key points.
In addition, on September 4th, Bitcoin spot ET

crypto market panorama
BTC (+0.04% | Current Price 111,277 USDT): After a round of downward movement, the BTC price quickly stabilized and rebounded, currently standing around 111,000 USDT. The short-term bullish momentum has increased. From the trading volume, there is some support during the rebound, indicating that buying interest is beginning to warm up gradually. If the price can effectively break through and stabilize above 112,000 USDT, it is expected to further challenge the previous high of 112,500 USDT. However, if the upward momentum weakens and falls below 110,000 USDT, it may once again test the previous low support. The short-term trend of BTC is leaning towards a strong consolidation, and attention should be paid to the gains and losses at key levels. On September 4, a net outflow of funds was again observed in the Bitcoin spot ETF, with a total outflow of 222.9 million USDT. Among them, BlackRock's IBIT achieved a net inflow of 134.8 million USDT.

PayFi is a systematic payment financial framework that uses stablecoin as a medium to integrate payment and Financial Service, addressing the pain points of traditional payments. It attracts users through low fees and real-time settlement, while innovating revenue payments combined with capital appreciation. PayFi's expansion strategy is gradually advancing, with huge market potential but also facing Compliance and security challenges.