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Bitcoin steadies above $112K as traders eye key signals and Solana rebounds on ETF hopes

Bitcoin shows signs of finding a local bottom and faces crucial resistance levels into the monthly close. Solana rebounds but still lags peers as ETF approval and institutional inflows become its main drivers.

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Joe G & Money Talks
September 30, 2025 • Estimated Reading Time: 5 minutes

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What we will talk about today...

Bitcoin holds $108K as possible bottom

Bitcoin battles three moving averages before monthly close

Solana recovers but still trails ETH and BNB

Bitcoin holds $108K as possible bottom

Bitcoin bounced from $108,650 and trades near $113,000. Several metrics suggest the correction may be over.

  • Dormancy flow: Entity-adjusted dormancy dropped below 250,000, a historic buy zone.

  • NUPL: Short-term holders flipped negative, showing capitulation and seller exhaustion.

  • Charts: V-shaped and double-bottom patterns hint at $118,000–$124,500 targets.

“STH capitulation events have historically marked periods of market reset,” said Glassnode.

“The setup screams early accumulation,” added crypto analyst Jack.

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Bitcoin battles three moving averages before monthly close

BTC bulls must reclaim three trend lines for a strong finish.

  • SMAs: The 21-day, 50-day, and 100-day moving averages converge near current price.

  • Closes: Daily and monthly closes above these levels would confirm support.

  • Risks: US labor data and a potential government shutdown add volatility.

“A daily close above the 21-day SMA would be a sign of strength, but only if it holds through the monthly open,” said Keith Alan of Material Indicators.

Solana recovers but still trails ETH and BNB

SOL rose 10.5% after testing $191, but performance remains weaker than rivals.

  • Network: Transactions fell 10% and fees dropped 50% last week.

  • Competition: Hyperliquid, Aster, and edgeX pull activity away from Solana.

  • ETF hopes: SEC decision on spot ETFs due Oct. 10, with high approval odds fueling optimism.

“76% of validator income on Solana comes from newly issued coins,” warned Boxmining, questioning staking sustainability.

“ETF inflows could still drive SOL toward $250,” analysts noted.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results