CryptoQuant: Market sentiment is neutral to bearish, BTC's point of maximum pain drops to $113,000.00
MetaEraSep 28, 2025
On September 28 (UTC+8), CryptoQuant analyst Axel Adler Jr. released a weekly Bitcoin market summary stating that bulls deleveraged in the fourth week of September, funding rates cooled, and stablecoin and ETF inflows were weak. The trend for $BTC this week was: a rapid pullback after failing to break through $115,000.00, falling below $114,000.00, and reaching a low of $108,600.00. Recently, it has been narrowly fluctuating between $108,800.00 and $109,800.00, with low trading volume. The market has stabilized after selling pressure, but the descending high point structure has not been broken. Key resistance: $111,000.00-$112,000.00, a breakthrough and firm hold can restore buying momentum, with a target of $114,000.00-$115,400.00; Local support: $108,600.00-$109,000.00, holding this range maintains neutrality, a break below that is not serious may lead to a rapid rebound; Strong support: $106,000.00-$105,000.00, a break below $108,600.00 may accelerate to this range, leading to a deeper correction. The conclusion is that market sentiment is neutral to bearish. A bullish outlook requires breaking through $112,000.00 and maintaining positive momentum for several days, otherwise it may retest $108,600.00, with a risk of falling to $106,000.00-$105,000.00. Option analysis indicators show that the $BTC maximum pain point has dropped to $113,000.00, with an expiration date of October 3, 2025. Call options are slightly skewed to the upside ($120,000.00-$126,000.00), and put support of $108,000.00-$111,000.00 is weak. Under low volatility, the market tends to mean revert to $113,000.00, and is expected to consolidate around $113,000.00 before expiration. [MarsBit]
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CryptoQuant: Market sentiment is neutral to bearish, BTC's point of maximum pain drops to $113,000.00
MetaEraSep 28, 2025
On September 28 (UTC+8), CryptoQuant analyst Axel Adler Jr. released a weekly Bitcoin market summary stating that bulls deleveraged in the fourth week of September, funding rates cooled, and stablecoin and ETF inflows were weak. The trend for BTC this week was: a rapid pullback after failing to break through $115,000.00, falling below $114,000.00, and reaching a low of $108,600.00. Recently, it has been narrowly fluctuating between $108,800.00 and $109,800.00, with low trading volume. The market has stabilized after selling pressure, but the descending high point structure has not been broken. Key resistance: $111,000.00-$112,000.00, a breakthrough and firm hold can restore buying momentum, with a target of $114,000.00-$115,400.00; Local support: $108,600.00-$109,000.00, holding this range maintains neutrality, a break below that is not serious may lead to a rapid rebound; Strong support: $106,000.00-$105,000.00, a break below $108,600.00 may accelerate to this range, leading to a deeper correction. The conclusion is that market sentiment is neutral to bearish. A bullish outlook requires breaking through $112,000.00 and maintaining positive momentum for several days, otherwise it may retest $108,600.00, with a risk of falling to $106,000.00-$105,000.00. Option analysis indicators show that the BTC maximum pain point has dropped to $113,000.00, with an expiration date of October 3, 2025. Call options are slightly skewed to the upside ($120,000.00-$126,000.00), and put support of $108,000.00-$111,000.00 is weak. Under low volatility, the market tends to mean revert to $113,000.00, and is expected to consolidate around $113,000.00 before expiration. [MarsBit]
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