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CryptoQuant: Market sentiment is neutral to bearish, BTC max pain point drops to $113,000

CryptoQuant: Market sentiment is neutral to bearish, BTC max pain point drops to $113,000

ChaincatcherChaincatcher2025/09/28 14:11
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ChainCatcher news, CryptoQuant analyst Axel Adler Jr released a weekly summary of Bitcoin market trends, stating that in the fourth week, bulls deleveraged, funding rates cooled down, and inflows from stablecoins and ETFs were weak. The BTC trend this week was: after a failed attempt to break through $115,000, it quickly retreated, falling below $114,000, with a low of $108,600. Recently, it has been fluctuating narrowly between $108,800 and $109,800, with low trading volume. The market stabilized after selling pressure, but the descending high structure has not been broken.

Key resistance: $111,000-$112,000. A breakout and consolidation above this range could restore buying momentum, with a target of $114,000-$115,400. Local support: $108,600-$109,000. Holding this range maintains a neutral stance; a minor break could lead to a quick rebound. Strong support: $106,000-$105,000. If $108,600 is breached, it may accelerate down to this range, deepening the correction. The conclusion is that market sentiment is neutral to slightly bearish. A bullish outlook requires a breakout above $112,000 and sustained positive momentum for several days; otherwise, a retest of $108,600 is possible, with downside risk towards $106,000-$105,000.

Options analysis indicators show BTC's maximum pain point has dropped to $113,000, with an expiration date of October 3, 2025. Call options are slightly skewed to the upside ($120,000-$126,000), while put support at $108,000-$111,000 is relatively weak. With low volatility, the market tends to mean-revert to $113,000, and consolidation around this level is expected before expiration.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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