Macro Overview
- US Unemployment Rate – in line with expectations → neutral
- US ISM Services PMI – higher than expected → slightly negative
- US JOLTS Job Openings – lower than expected → slightly positive
- US Unemployment Claims – higher than expected → slightly positive
Key Note: Overall, last week’s data remained mixed, implying a neutral impact on the crypto market.
Crypto Markets Overview
- Market Movement: This week, the crypto market experienced a 2.55% rise, bringing the total market capitalization to $3.82 trillion. Notably, BTC saw a rise of 2.80% and ETH saw a fall of -0.60%. Bitcoin’s dominance stands at 58.38%, while Ethereum’s holds at 13.67%.
- India Leads Global Crypto Adoption, APAC Fastest Growing: India retained the top spot in Chainalysis’ 2025 Global Crypto Adoption Index, with the U.S. climbing to second. Pakistan, Vietnam, Brazil, and Nigeria followed, highlighting crypto’s role in remittances, stablecoin access, and mobile-first finance across emerging economies.
- Strategy and Metaplanet Expand Bitcoin Holdings: Both Strategy and Metaplanet continued their aggressive accumulation last week, with Strategy adding more to its already massive treasury and Metaplanet increasing its stack further as well. The two firms now rank among the largest corporate holders of bitcoin, underscoring ongoing institutional confidence in BTC despite recent market volatility.
- Public Companies Now Hold Over 1 Million BTC: Public company bitcoin holdings have surpassed 1 million BTC, per BitcoinTreasuries data. Strategy, Metaplanet, and other firms including miners and corporates like GameStop are leading the trend. Analysts note institutional adoption is still in early stages despite the milestone.
- Grayscale Files for Spot Chainlink ETF:Grayscale has filed with the SEC to convert its Chainlink Trust into a spot Chainlink ETF on NYSE Arca. The fund would provide direct exposure to LINK and may include staking if approved, with Coinbase Custody as custodian.
- Justin Sun Demands Unfreezing of WLFI Tokens: Tron founder Justin Sun urged World Liberty Financial to unfreeze his WLFI tokens after his address was blacklisted. Sun insisted the freeze was unfair, claiming he purchased tokens like any other investor and warning that such actions risk damaging trust in the project.
- Ethereum ICO Whale Stakes $646M After Dormancy: An early Ethereum ICO participant moved 150,000 ETH ($646M) to a staking address after three years of inactivity. The move adds to a recent trend of old ICO wallets resurfacing as ETH momentum builds.
“Big Picture: Upcoming Weeks’ Key Economic Events”
| DATE | TIME | EVENT | USUAL EFFECT |
| Sep-10 | 6:00 PM | US PPI m/m | Actual’ less than ‘Forecast’ is good for crypto |
| Sep-11 | 6:00 PM | US CPI y/y | Actual’ less than ‘Forecast’ is good for crypto |
| Sep-11 | 6:00 PM | US Unemployment Claims | Actual’ greater than ‘Forecast’ is good for crypto |
Bitcoin Technical Analysis
Summary:
- The current sentiment around BTC is Neutral.
- Bitcoin traded sideways this week. With CPI data due next week, a breakout move is possible, but until then, choppy price action is expected.
- Key support levels to consider are around $107,300 and $100,700. On the upside, resistance level is at $117,000 & $124,000.
- It is advisable to evaluate potential entry points around the mentioned support levels for long entries and at resistance levels for short entries. Additionally, setting limits to manage potential losses is prudent.
- For profit-taking, strategically selling near the outlined resistance levels/support levels is a recommended approach. Always exercise caution and implement sound risk management practices in trading endeavours.
Ethereum Technical Analysis
Summary:
- The current sentiment around ETH appears Neutral.
- Ethereum moved in a sideways range last week, as noted in our previous report. The $4000 level remains crucial, and price action is expected to stay choppy over the coming days.
- The 22 EMA (Daily) remains the key support to watch — as long as ETH holds above it, the short-term bias stays positive. For the coming days, expect sideways price action with consolidation near highs.
- Significant support levels include $4000 and $3525, while resistance level to watch is at around $4900.
- These levels play a crucial role in determining potential price movements. It is advisable to evaluate potential entry points around the mentioned support levels for long entries and at resistance levels for short entries. Additionally, setting limits to manage potential losses is prudent.
Solana Technical Analysis
Summary:
- The current sentiment around SOL is Bullish.
- Solana has recently broken out of its range and looks bullish. It’s expected to outperform BTC and ETH in the coming days, with $209 as the key S/R level to watch.
- Key support levels to consider are around $202 (20 EMAD) and $185. On the upside, resistance level is at $223 and $240.
- It is advisable to evaluate potential entry points around the mentioned support levels for long entries and at resistance levels for short entries. Additionally, setting limits to manage potential losses is prudent.
- For profit-taking, strategically selling near the outlined resistance levels/support levels is a recommended approach. Always exercise caution and implement sound risk management practices in trading endeavours.
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