🚀 Crypto Holds the Line: Bitcoin Breaks Out as September Surprise Looms
From treasuries stacking sats to Solana’s surge and Ethereum’s next upgrade, today’s markets defy the “Septembear”
Folks it’s been a busy day so I didn’t get a chance to fully make an assessment of the afternoon news but this is a good wrap up for the day :)
💬 Quote of the Day
“In investing, what is comfortable is rarely profitable.” — Robert Arnott
📰 Evening Brief — September 3, 2025
Crypto markets showed resilience today, breaking away from the usual September slump narrative. Bitcoin shook off its two-week downtrend and is now targeting the $112K level, with rare buy signals flashing that haven’t been seen since the $49K and $74K bottoms. Despite warnings from skeptics like Mike McGlone, who insists Bitcoin could “lose a zero” and tumble to $10K, derivatives traders are leaning bullish, suggesting appetite for upside remains intact. The broader sentiment has Bitcoin holding steady near $111K, supported by stablecoin inflows and corporate treasury demand.
Treasuries remain in focus: a Winklevoss + Nakamoto-backed vehicle launched with 1,000 BTC, while CIMG Inc raised $55M to add Bitcoin to its balance sheet. These moves highlight the ongoing institutional embrace of Bitcoin as a reserve asset, reinforcing the narrative that corporations are quietly stacking while retail hesitates.
Ethereum also captured attention as the Foundation announced plans to sell $43M in ETH to fund grants and research. At the same time, exchange reserves have fallen to a three-year low, suggesting that more ETH is being locked up by ETFs and corporate treasuries. Analysts now point to a potential rally toward $5.5K, fueled by an illiquid supply dynamic and futures market signals. The upcoming Fusaka network upgrade—aimed at improving scalability and lowering gas fees—adds another layer of optimism.
Altcoins were far from quiet. XRP’s technical chart suggests a possible path toward $5 if ETF approval progresses, while Galaxy Digital took a bold step in tokenizing its SEC-registered shares on Solana. That comes as Solana continues to shine, up 33% since early August and outperforming both Bitcoin and Ethereum thanks to growing institutional flows. Newcomer Remittix (RTX) raised over $23M to target global payments, drawing comparisons to XRP. Meanwhile, Chainlink (LINK) and meme-token Layer Brett ($LBRETT) are seeing renewed interest as traders hunt for niche plays.
On the ETF front, Bitcoin funds attracted $332M in inflows, ending Ethereum’s dominance in recent weeks. Ethereum funds, in contrast, bled capital as investors rotated toward safety. Regulators are also considering new ETF listing standards, which could open the door to Dogecoin, Solana, and XRP funds in the near future.
Exchanges, meanwhile, reported a strong August with $1.8T in trading volume, the highest since January. Not all news was positive: OKX was fined $2.6M in the Netherlands for failing to register with the Dutch National Bank.
Finally, regulation and macro themes remained in the spotlight. The SEC and CFTC announced a coordinated initiative to provide clearer oversight of crypto markets—a move that could ease uncertainty for institutional players. Ray Dalio warned that soaring U.S. debt threatens dollar stability, fueling demand for alternatives like Bitcoin and gold. Samson Mow dismissed the idea of a “reset button” for the dollar after collapse, while Sharplink’s CEO cautioned that Ethereum treasury firms chasing yield could face outsized risks if the market turns.
⚡ Bottom Line:
Markets are holding firm despite September’s reputation for weakness. Bitcoin looks resilient near $111K, Ethereum supply is tightening ahead of upgrades, and Solana continues to steal the spotlight. Corporate treasuries and regulatory clarity are adding tailwinds, keeping crypto firmly in the bullish conversation as Q4 approaches.
❓ Question of the Day
If Solana keeps outperforming Bitcoin and Ethereum, could it secure a permanent spot as the “third pillar” of crypto — or will it remain a cyclical trade?
🔮 Looking Ahead
Tomorrow, keep an eye on ETF flow reports, which will show whether Bitcoin can sustain its lead over Ethereum funds. Watch for updates on the Ethereum Fusaka upgrade timeline, as developer signals could spark more momentum. Macro traders will be tracking the Federal Reserve’s latest rate-cut chatter, which could ripple through crypto markets. And as always, September’s volatility risk remains in play — a surprise move under $110K for Bitcoin could flip the script quickly.
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