Bitcoin & Ethereum: September Signals

🟡September ended turbulently for Bitcoin: a drop to $108,000 triggered a surge in volume and marked a local bottom. The rebound to $114,000, however, showed distribution rather than trend continuation, as major players used Binance as the key liquidity hub to secure profits.

🟡Ethereum, by contrast, closed the month with relative stability. The MVRV ratio hovered around 1, signaling equilibrium between profit and loss. This balance lowers the risk of mass sell-offs and provides a foundation for steady growth into October. If demand persists, ETH could strengthen, while Bitcoin remains weighed down by ongoing “quiet accumulation” and distribution strategies.