The first 4 months of 2025 have passed with too many lows. There have been times when I doubted myself, doubted the market, and wondered: "Is this still the right path?"
Anyone who steps into the crypto journey understands: this is not a game that lasts a day or two. This is a battle of patience, of faith in the ultimate super cycle. The behavior of market makers has changed, becoming more sophisticated and unpredictable, but the market psychology – greed and fear – remains as it always was.
Market makers do not control our behavior; what they do best is grasp the psychology. If we understand the nature, we will no longer be pawns. We will be the players, on equal footing.
Consider every drop as a learning opportunity, every loss as a test. Those who remain after the storm deserve the sunlight. Not everyone reaches the end of the road, but if we still hold onto the faith of the first day – then we are still winning.
Rest, but do not give up. Take a step back if necessary, but to prepare for a bigger leap. We have come too far to turn back. And if this is the ultimate super cycle, step into it with clarity, discipline, and a heart that never gives up.
According to the Crypto Wealth Report by Henley & Partners, as of mid-2025, there are 241,700 crypto millionaires, an increase of 40% compared to the same period last year.
The total crypto market capitalization has surpassed $3.3 trillion, leading to a significant increase in the number of ultra-wealthy individuals. The report shows that the number of centimillionaires holding over $100 million reached 450, up 38%, while the number of crypto billionaires increased by 29% to 36.
The majority of the reason comes from Bitcoin. In just one year, this number has grown by 70% to 145,100 individuals, as BTC outperformed the broader market during the period from July 2024 to June 2025.
The number of Bitcoin centimillionaires also rose by 63% to 254, while the number of Bitcoin billionaires increased by 55% to 17. According to Phillipp Baumann (founder of Z22 Technologies), Bitcoin is gradually becoming a basis for wealth accumulation, rather than just being seen as a speculative channel.
The inflow of money from whales into Binance is the second largest in a month 🐳
Bitcoin and Ethereum have experienced a sharp decline in the past two days. These fluctuations often coincide with the activities of whales on exchanges. Whales still have a significant impact on the market and often use Binance as their primary exchange.
Therefore, tracking the inflow of money from whales into Binance is quite noteworthy. On September 22, the inflow of money from whales into Binance reached 120 million dollars during the sell-off, followed by an additional 52 million dollars early on September 23 (around 05:00).
These transfers indicate that whales continue to move a large amount of Bitcoin into Binance, which may be executed on the market.
This is the second largest inflow into Binance in the past month, around the recent high of 116,000 dollars. How long can this sell-off last?
Cryptocurrency is witnessing a shift in focus. According to Chainalysis, by 2025, transaction volumes in APAC will increase by +69% year-on-year, from $1.4 trillion to $2.36 trillion – becoming the largest growth driver globally. Meanwhile, Latin America and Sub-Saharan Africa are experiencing moderate growth, while Europe and MENA are declining.
On-chain data from CryptoQuant supports this trend. The Korean Premium index remains consistently positive, indicating that BTC in South Korea is trading higher than the global average. This is evidence of strong retail demand and speculative sentiment in Asian markets.
Additionally, the trading reserve ratio (U.S. vs. international) also leans towards foreign exchanges like Binance and OKX, while Coinbase is gradually losing its advantage. Liquidity is increasingly shifting towards the East.
In summary, the United States remains a center for institutional credibility, but growth, capital flows, and innovation are booming in APAC. The next super cycle will likely be shaped more by Seoul, Singapore, and emerging markets in Asia.
In the past 24 hours, 389,662 traders have been liquidated, with a total liquidation value of $1.68 billion.
The last time the market recorded a liquidation amount greater than $1 billion was on July 10th this year, when $BTC rose from $110,000 to $117,500, causing $1.13 billion in Short orders to vanish.
Currently, both $BTC and $ETH are at important support levels, with BTC at the $109k - $112k range, and ETH at the $3k9 - $4k2 range. Will this liquidation end here?
- 2 million users on DEX - Over 1.3 billion tokens reached an all-time high - Total trading volume 520 billion - Public support from @CZ_Binance - Listed on Binance Alpha and Binance Futures - Listed on MEXC, GATE, HTX. BitMart and XT
🚀 The unrealized profits of mid-size whale investors reached an all-time high (ATH) in November 2021
The unrealized profits of Ethereum wallets holding 10,000–100,000 ETH have now risen to levels equivalent to the peak of the previous cycle in November 2021, when $ETH reached an all-time high.
This indicates that mid-size whale investors are holding significant paper profits, similar to the profit conditions observed at the most recent market peak. Historically, such levels of unrealized profits often accompany selling pressure or increased profit-taking activity, as large holders seek to secure gains.
Although this does not necessarily mean an immediate correction, it does indicate an important phase in the cycle, where investor sentiment and the behavior of whale investors can significantly impact price movements.
🔻 Lower interest rates by an additional 0.25%, bringing the target range down to 4% – 4.25%. 🔻 This is the lowest decrease since December 15, 2022. 🔻 At the same time, this is the first rate cut in 2025, exactly as the market expected.
In the statement following the meeting, the Fed emphasized that the decision to lower interest rates this time is characterized as a "risk prevention" measure. He stressed that the Fed must balance between two opposing pressures: the risk of rising inflation and the threat of a weakening labor market.
Despite many differing opinions, the majority of FOMC members still lean towards the scenario of further interest rate cuts this year. This means that the global financial market may enter a new easing phase, providing a boost to growth but simultaneously posing risks if inflation returns.
Bitcoin and Ethereum are in a state of indecision as investors await information from the FOMC meeting. If the Fed keeps interest rates unchanged, the market may experience a slight recovery due to stable sentiment.
However, if there are signs of a "dovish" stance (leaning towards rate cuts), new capital may flow into crypto, providing momentum for BTC to break resistance and ETH to regain stronger upward movement compared to Bitcoin.
On the other hand, the DXY index (measuring USD strength) has now reached a strong support trendline that has been in place for 14 years. Therefore, it is quite likely that the USD will react strongly, and selling pressure may make it difficult for BTC and ETH to break through immediately.
In summary, a positive scenario for crypto depends on whether the Fed signals easing. The market is highly likely to experience strong fluctuations right after the announcement.
In the context of the market being quite hesitant, however, the Top coins still maintain good performance. Here is a summary of the most notable tokens and narratives of the week:
$HYPE - The stablecoin will soon be able to become a Spot asset on the Hyperliquid DEX exchange.
$S - The Sonic 2025 summit will begin on September 29th. Next week, some important information is expected to be revealed ahead of this event.
$RUNE - Thorchain will launch Rapid Swaps and Limit Swaps in the coming weeks.
$KAITO - Kaito is expected to soon launch gKAITO, one of the biggest upgrades of the project.
$RESOLV - The Resolv S2 airdrop claim portal will start on September 19th.
$DOGE - The first DOGE Spot ETF fund is expected to launch next week.
$ARB - Nearly 50 million USD worth of ARB tokens will be unlocked on September 16th, which will also be the largest cliff unlock of next week.
$PTB - The information portal about Bitcoin's Season 1 Kaito Campaign will end on September 20th.
In addition to the 8 coins mentioned above, it is important to note that the FED's interest rate decision on September 17th is expected to have a significant impact on the market landscape this week.
In the past 24 hours, memecoin has been the most notable narrative as it reached a milestone of $10B in CEX trading volume - ranking third after the trading volume of Stablecoins and Layer 1 (including $BTC and $ETH)
The current memecoin boom is reminiscent of the 2024 wave, as the Meme and AI trends take turns leading the altcoin season.
Although the upward wave is not too strong yet, the current Altcoin Season Index is above 75. Will this Meme and AI wave signal another short-term correction soon?
4.3 billion USD options $BTC expiring this afternoon 12/9/2025
The crypto market is focusing on the Bitcoin options expiration worth 4.3 billion USD, at 3 PM this afternoon. This is a key factor that could determine the short-term direction of BTC. The bulls have the advantage, but uncertainty from the US economy is making the market not completely confident.
According to Laevitas, Put options are dominating with 2.35 billion USD open interest, compared to 1.93 billion USD in Calls. However, after BTC escaped the bottom of $107,500 earlier in September, Calls have regained some advantage. Notably, the discrepancy leaning towards Puts goes against the familiar optimistic trend of crypto traders.
On Deribit, bearish positions appear weaker. Less than 125 million USD in Puts have been opened at $114K and above, while over 300 million USD in Calls will be activated if BTC holds above $113K. This discrepancy of 175 million USD could become a driving force for a bullish wave.
The fact that BTC has turned $113,500 from resistance into support is key towards the old ATH, however, there are also opinions suggesting that the market may still face a liquidity sweep before rising higher, as over 2000 BTC sell orders appear on the order book.
Record stablecoin inflows pour into Binance ahead of the meeting #FOMC
Although BTC is still in a month-long adjustment phase, market expectations are currently betting 100% on the possibility of interest rate cuts at the next FOMC meeting.
In this specific context, Binance has just recorded the highest net stablecoin inflow of 2025, with over $6.2 billion flowing in on September 8.
This inflow may partly come from Binance itself to meet the demand of exchange users, but it also reflects investors transferring stablecoins onto the platform. This indicates that liquidity continues to flow into the market, with #Binance standing out as the main entry point.
As a result, Binance's available stablecoin reserves have also reached a new all-time high, now nearly $39 billion. Interestingly, the growth of reserves tends to go hand in hand with the price movements of BTC.
🔥 PPI & CPI This Week: Is a Big Storm Coming for Crypto?
The crypto market this week faces a major challenge as PPI and CPI data is released. These are two key indicators that reflect inflationary pressures and the monetary policy direction of the Fed.
If the data cools down, risk capital could explode, driving BTC and ETH up sharply, with altcoins benefiting from the beta wave. Conversely, hot data will lead to rising bond yields and USD, creating short-term selling pressure.
According to you, will this CPI open a new bullish wave for crypto, or will it be a "shock" that causes the market to shake strongly?
According to data from CoinGecko, in the last 24 hours, the market capitalization of trend AI has increased by more than 14%
$WLD
leading with an increase of more than 50%. The main reason is the announcement from Eightco Holdings – a fintech company managing e-commerce inventory – regarding the plan to accumulate 250 million USD worth of WLD to serve as treasury reserve assets.
Other coins such as OpenLedger (OPEN) have increased by 650%, and projects like Bittensor (TAO), Render (RENDER), Near (NEAR) show signs of bullish divergence (lower price but higher momentum, signaling a potential upward reversal).
This further boosts confidence in AI projects combined with blockchain, as it shows interest from traditional companies in AI-driven identity solutions. Eightco's stock also rose by 3,000% thanks to this news.
Can trend AI continue to pave the way for this September?
The market went through a rather calm first week of September as top coins did not experience significant fluctuations. As we enter a new week, let’s take a look at the most notable tokens and narratives with TradeCoinVN.
$SOL - Strategies will become the first company focused on Solana to be listed on the Nasdaq stock exchange on 9/9. $RESOLV - The Resolv S2 rewards program ends on 9/9. $ENA - StablecoinX will start purchasing ENA worth between 5 - 10 million USD each day this week. $LINEA - The TGE of the Layer Linea project will take place on 10/9. $HOME - DeFi App will announce the campaign "1000 HOME rewards for everyone" next week. $DOT - Polkadot will have a major product launching tomorrow (specific details have not yet been revealed). $WLFI - Falcon Finance will soon make a major announcement regarding a partnership with World Liberty Finance. $DOGE - The first Spot DOGE ETF fund is rumored to launch in the US as early as this week. $S - The total supply of token S (Sonic) will increase by more than 5% after the cliff unlock on 9/9.
Additionally, on 11/9, the US will announce CPI inflation data, which is expected to have a significant impact on the market.
The Bitcoin treasury reached a record 840,000 BTC in 2025
However, the growth rate has significantly slowed, with Strategy's monthly purchases dropping from +134,000 in November 2024 to only 3,700 in August 2025
Smaller, more cautious transactions indicate that institutional demand is weakening despite record growth
The increase in Bitcoin reserves is slowing down, will it be an opportunity for other crypto assets like $ETH or $SOL to explode?
The liquidity of stablecoins reached a record level of 68 billion dollars
Binance dominates with 44.2 billion dollars (accounting for 67% market share), while OKX holds 9 billion dollars
Growth in the past 30 days has been driven by Binance (+2.2 billion dollars) and OKX (+800 million dollars)
USDT and USDC, the two largest stablecoins in the market, have also been continuously minted, indicating a strong increase in demand. Could this be a sign of upcoming volatility in the market?
According to technical analysis, the nearest threshold we need to pay attention to is from $105k - $100k. In addition, macro factors are also playing an important role.
Data from FedWatch CME Group shows that the likelihood of the FED cutting interest rates in the September meeting has exceeded 95%. At the same time, gold has set a new record of $3567/ounce.
Overall, September 2025 becomes a pivotal phase for Bitcoin. The buying side holds a controlling advantage as prices rebound from the support zone, while the selling side warns of the risk of falling to $100K. Macro factors such as the scenario of the FED lowering interest rates and gold hitting a new peak could become important support forces.
USDT whale transactions on Tron reached ATH, $277.5B last month
In July alone, the volume of USDT transfers on the Tron network surged to $717.2 billion. This is the highest volume ever recorded, nearly doubling the $429.3 billion recorded in July 2024.
Stablecoin transactions are a crucial factor in crypto. They can move millions of dollars around the world within minutes, with just a few steps and at very low costs. Because their value is pegged to traditional currencies, stablecoins are often preferred over more volatile assets like bitcoin for large transactions.
A wide range of investor classes (from retail traders to institutional investors, across trading and asset management) also support #stablecoin