Cryptocurrency markets are trading sideways as BlackRock leads total U.S. Spot Bitcoin ETF net inflows.

Notable Statistics:

• IntoTheBlock data shows an increase of 11.5% in large transaction volume and a decrease of 5.1% in daily active addresses. Transactions greater than $100,000 are down from 8,444 to 8,367 in a single day. Exchanges netflows fell by 242.6%.

• Coinglass data reports 46,541 traders liquidated in the past 24 hours for $103.91 million. Bitcoin short liquidations stood at $3.17 million, the lowest since Sep.14.

• Crypto chart analyst Ali Martinez stated that Bitcoin whales sold more than 20,000 BTC, worth $1.28 billion, in the past 24 hours.

Notable Developments:

• From CEO To Inmate: Caroline Ellison Sentenced To 24 Months In FTX Case—What The Industry Must Learn

• Long Dormant Bitcoin Whales Are Waking Up: What Is Going On?

• Bill Maher Slams Bitcoin Mining: 'Nonsense Of Finding A Number' Means Green Energy Progress Is Being 'Sucked Away By Crypto'

• BNY Mellon Gets Exemption From SEC's Controversial Crypto Custody Rule: Will It Challenge Coinbase's Hegemony In Holding Assets For Bitcoin And Ethereum ETFs?

• Novogratz Predicted Kamala Harris Would Embrace Crypto — Here's How Long It Took

Top Gainers:

Trader Notes: With Bitcoin prices trading relatively flat, crypto chart analyst Ali Martinez marked $63,300 as Bitcoin's most important support level. If it holds, the crypto king can rise to $65,500, but if it doesn't, it could dive to $60,365.

Stockmoney Lizards sees Bitcoin as "frontrunning the cycle." The current levels are aligning with the previous cycle.

#Bitcoin frontrunning this cycle
We've seen an early all-time high, mainly due to the ETF approval in Jan 2024 and strong cash inflows early in the year. Current levels align closely with the previous cycle. We are waiting patiently. #Crypto #BTC pic.twitter.com/4kEKyw2q67

— Stockmoney Lizards (@StockmoneyL) September 25, 2024

Looking ahead, Coin Bureau CEO and co-founder Nic predicts Friday as the big day for Bitcoin with $5.8 billion in options expiring with 21% "in the money". He stated that the expiry could lead to upside volatility.

Nic added, "The "max pain" price is $58,000 which means dealers may be attempting to hold down spot prices to inflict max losses on buyers."

Crypto Bully advises, "Let's buy the dip on leverage, All-time high soon."

Same story for some time now on $BTC
Spot selling into perp buying. "Let's buy the dip on leverage, ATH soon." Yeah sure buddy, let me know if that works out for you
Those who watched the market update already know and were prepared:  pic.twitter.com/qkz80SXezn

— Crypto Bully (@BullyDCrypto) September 25, 2024