Bitcoin’s Historic September Drop May Have Been Priced In
Bitcoin may have bottomed out on September 1, 2025, at around $107,000, according to CoinDesk. Data shows that since July 2024, BTC has mostly bottomed in the first 10 days of the month. This is attributed to institutional portfolio rebalancing and macro data intensifying at the beginning of the month. In addition, futures and options expiry at the end of the month also adds to short-term volatility. Historically, the last quarter of the year has been the strongest for BTC, with an average return of 85%. October in particular has seen only two declines since 2013.
Fidelity: Bitcoin Transitions to a Mature Phase
Fidelity Digital Assets highlighted that the correlation between BTC and US 10-year bond yields has changed. This indicates that Bitcoin is moving out of the perception of a high-risk asset and into a more mature phase.
Bitcoin Whales Collect Dips
According to CryptoQuant data, wallets (sharks) holding 100-1,000 BTC bought another 65,000 BTC in the last 7 days. Their total holdings reached an all-time high of 3.65M BTC.
ETH Whale Movements: $117M Entry
According to tracking by On-chain analysts, 0xdE0…fDc41 deposited 25,754 ETH (≈$117M) to a centralized exchange after nine months. Another staking whale similarly transferred 25,755 ETH (≈$117M) to the exchange. This whale had previously moved $173M USDT to Binance and staked 32,164 ETH at $2,649. It is reported to have made a profit of approximately $60.5M on the latest sale.
Giant Solana Purchases from Galaxy Digital
Galaxy Digital acquired 1.81M SOL (≈$432M) in the last 24 hours, according to data from SolanaFloor. These purchases were made for Forward Industries’ $1.65B Solana treasury. So far, only 26% of the funds have been used, with the remaining 74% still pending.
On-chain Transactions
- A whale bought 3M ENA with 2.3M USDC (≈$0.766).
- FTX/Alameda resolved 192K SOL (≈$43.56M) from staking and distributed it to 28 addresses. Most of these assets are being transferred to Coinbase or Binance.
- The HYPE whale sold another 67,000 HYPE (≈$3.82M), bringing its total profit to over $57M. He currently holds 900K HYPE (≈$50.5M).
Corporate Developments: Smarter Web Company
The Smarter Web Company, the UK’s largest institutional Bitcoin owner, is considering buying struggling rivals at a discounted price. CEO Andrew Webley said they aim to break into the FTSE 100. The company holds 2,470 BTC (≈$275M). Before this announcement, the company’s shares fell 22%.
Stablecoin Movements: USDC Burn
According to Whale Alert, USDC Treasury burned 60.87M USDC (≈$60.86M) on Ethereum. Such transactions can impact market equilibrium by reducing supply
