What’s next for the crypto market?

DAILY MARKET OVERVIEW

Market Still on Shaky Ground

👋 Hey, Crypto Enthusiasts! The crypto market has stayed very choppy, so let’s take a closer look.

💥 Since the rate cuts, the market has been on shaky ground with a lot of open interest and leverage still building in altcoins.

Everyone hoped the cuts would kick off the next leg up, but that didn’t happen. Early Monday, we saw a sharp dump from a liquidation cascade, wiping out billions of dollars in just hours.

❓ So is the drop over? Is it time to buy?

Since that flush, the market has mostly moved sideways, and we think the dump may not be done yet.

For BTC we are watching these support zones:

• 108k - the first important support. If it holds, it could mark the local bottom.

• 104k - the next key support. Less likely to test, but still on the table.

📊 Altcoin leverage remains high at around 36% of total open interest. When it’s this high, there isn’t much room for a fresh leg up.

We believe a deeper flush is needed to create space for a Q4 rally. A total open interest closer to 30-33% would be a healthier level where altcoins could start forming real bottoms.

Additionally, ETF inflows turned negative.

Key US data is also coming up - Initial Jobless Claims and GDP on Thursday, followed by Consumer Spending and PCE on Friday - all of which could move the market.

💡 For now, we think patience is the best move. Waiting for dips could set up better entries for Q4.

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SOCIAL SENTIMENT

Decentralized Perpetual Exchanges

⚡ Even with the market cooling, one sector is taking off - decentralized perpetual exchanges.

Hyperliquid started the wave, and others are jumping in:

• Aventis on Base - went over 10x just days after launch.

• DYDX and GMX - older platforms, but also received a slight boost

• Aster - the big winner so far, backed by Binance and boosted by multiple tweets from CZ. Even MrBeast reportedly put in $114K to buy Aster. The price moved from $0.06 to $2 in only a few days, sparking fresh energy across the BNB ecosystem.

🟢 The next big launch to watch is Lighter, likely in November. With 0 trading fees, very fast execution and ZK tech, Lighter could compete directly with Hyperliquid as one of the top decentralized perpetual exchanges.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

US and UK launch joint crypto task force
Top US and UK financial officials formed a task force to shape future digital asset rules, aiming for stronger cross-border collaboration.

Anthony Scaramucci backs $550M Avalanche treasury
Scaramucci supports a new company, Avax One, that plans to raise $550M to buy $700M worth of AVAX tokens.

Plasma blockchain unveils stablecoin neobank
Plasma announced Plasma One, a neobank focused on stablecoins, offering zero-fee transfers and card payments ahead of its mainnet launch.

CleanSpark gets $100M bitcoin-backed loan from Coinbase
US miner CleanSpark expanded its credit line with Coinbase Prime by $100M to boost mining operations and energy infrastructure.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Coin Bureau – Crypto Market Crash: Final Shakeout Before Q4 Bull Run? (23.09.2025 Summary)

The past three days rattled crypto, wiping out billions and sparking fears that altcoin season is over. But CoinBureau’s Guy argues this crash may actually be setting the stage for a powerful Q4 rally.

• Outlook: Guy believes this was the final shakeout before upside momentum returns.

• Bitcoin slid below $113K, ETH to $4,150, and $1.7B in leveraged longs were liquidated.

• Trigger: Fed’s 25bps cut (already priced in), Powell’s hawkish tone, and a massive options expiry.

• Why Q4 could rally: Institutional ETF inflows, two more Fed cuts likely in 2025, and October’s historically strong performance (+23% average).

• Risks: High leverage, weak global data, and BTC breaking support

Bottom line: CoinBureau frames this crash as a reset, not the end, with the odds still favoring a Q4 bull run.

Ivan On Tech – CYCLE TOP ALREADY IN!!!? (23.09.2025 Summary)

Bitcoin’s recent dip has traders panicking about whether the cycle is over. Ivan on Tech argues this weakness is temporary, pointing to October as the real test.

• Outlook: Ivan stays bullish, saying the lower highs look bad on the surface but are common before Q4 rallies. He expects Bitcoin to surprise to the upside within weeks.

• Bitcoin is down just 10% from $124K highs, which Ivan calls normal volatility, not the end of the cycle.

• He highlights seasonality: September often looks weak, followed by explosive October moves in past cycles.

• Altcoin focus: Aster is surging with CZ backing, creating new competition for Hyperliquid. Avalanche is gaining momentum with strong narratives and whale longs, while AI projects like ZeroG are also trending.

• Risks: If Bitcoin fails to rally by late October and slips toward $105K, Ivan says concern would be justified. Until then, panic-selling risks missing the Q4 pump.

Bottom line: Ivan frames the dip as a “solid flush but not the end.” He expects October to kick off another leg higher, catching bearish traders off guard.

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