Cryptocurrency investment products have recorded their highest-ever weekly inflows, fueled by investor concerns over US government stability and the ongoing rally in spot crypto markets.
According to CoinShares, global crypto exchange-traded products (ETPs) saw $5.95 billion in inflows during the week ending Friday, setting a new record.
Factors Behind the Surge
James Butterfill, CoinShares’ head of research, attributed the unprecedented inflows to several macroeconomic factors.
“We believe this was due to a delayed response to the FOMC [Federal Open Market Committee] interest rate cut, compounded by very weak employment data […], and concerns over US government stability following the shutdown,” he said.
Bitcoin, the largest cryptocurrency by market capitalization, hit a new historic high above $125,000 on Saturday, coinciding with the surge in inflows.
Bitcoin ETPs Lead the Pack
The $5.95 billion inflows surpassed the previous record of $4.4 billion from mid-July by 35%, underscoring the scale of investor interest.
Unlike the earlier record, which was almost evenly split between Bitcoin and Ether, this time Bitcoin dominated inflows, attracting a record-breaking $3.6 billion.
“Despite prices closing in on all-time highs during the week, investors did not choose to buy short investment products,” Butterfill noted.
Ether ETPs still posted strong results, drawing $1.48 billion in inflows and pushing year-to-date totals to $13.7 billion — nearly three times last year’s figure.
Solana ETP inflows ranked third at $706.5 million, while XRP products added $219.4 million, both setting their own records.
Total Assets Under Management Reach New High
In line with these inflows, the total assets under management (AUM) in crypto funds surged past $250 billion for the first time, hitting $254.4 billion.
This milestone signals renewed institutional and retail investor confidence in cryptocurrency-based products.
ETF Launches Continue Despite Shutdown Concerns
The record-setting week for crypto ETPs unfolded even as the US Securities and Exchange Commission (SEC) shut down operations last week due to a government shutdown.
This development raised concerns about potential delays for high-profile exchange-traded fund (ETF) approvals expected in October.
According to Crypto in America’s Eleanor Terrett, the SEC retains the ability to act on fraud and market emergencies during the shutdown but is widely expected to experience routine delays.
“It’s like a rain delay,” Bloomberg’s senior ETF analyst Eric Balchunas commented.
Despite these concerns, Grayscale Investments, the second-largest US crypto ETF provider after BlackRock, launched two new staking-focused products on Monday.
Staking-Focused ETFs Arrive
The Grayscale Ethereum Mini Trust ETF (ETH) and the Grayscale Ethereum Trust ETF (ETHE) now allow investors to receive additional staking rewards alongside gains from the funds’ market performance.
These launches highlight the continued innovation in crypto investment products, even amid regulatory and operational uncertainties in the United States.
The combination of record inflows, rising asset prices, and new product launches underscores a bullish environment for digital asset investment vehicles.
Solana is gaining renewed attention among institutional investors, according to Matt Hougan, Chief Investment Officer of crypto asset manager Bitwise.
Hougan recently told Solana Labs that Solana has the potential to become “the new Wall Street” among blockchain networks.
He emphasized that to traditional financial audiences, Bitcoin feels “very ephemeral” and difficult to conceptualize in institutional investment frameworks.
Instead, he said, these investors are watching stablecoins and tokenization more closely:
“Really important people are saying that stablecoins will reinvent payments and tokenization will reinvent stock, bond, commodity, and real estate markets.”
When evaluating blockchain platforms, Hougan said institutions gravitate toward efficiency, low latency, and transaction finality.
In that context, he pointed to improvements in Solana’s settlement speed—from 400 microseconds to 150 microseconds—as an attribute that interfaces well with how institutional players like to trade.
Solana’s Place in the Stablecoin Landscape
Despite Solana’s growing traction, it remains small in comparison to Ethereum in the stablecoin space.
On Solana, on-chain stablecoin value totals about $13.9 billion, giving it 4.7% market share as measured by RWA.xyz.
Ethereum, by contrast, holds a dominant position: ~$172.5 billion in stablecoin value, or ~59%, which rises to 65% when layer-2s are included (e.g. Arbitrum, Base, Polygon).
AJ Warner, Chief Strategy Officer at Offchain Labs, contrasted the two platforms, asserting:
“TVL is definitely not everything, but I don’t think you can doubt where the best place to launch new stablecoins is. Build within the EVM.”
This underscores that many in the industry still see Ethereum’s ecosystem and compatibility as a strong moat.
Bitwise’s Long Bet on Solana
Bitwise has been publicly bullish on Solana before. At Token2049 in Singapore, its CEO Hunter Horsley argued that Solana may outshine Ethereum in the staking ETF arena.
His argument hinged on Solana’s faster unstaking period, which is important for funds that must be able to redeem assets swiftly.
Bitwise currently offers a Physical Solana ETP, allowing investors exposure to SOL via fully backed assets in institutional custody.
However, this product remains modest in size, with approximately $30 million in assets under management.
A more ambitious move is Bitwise’s application for a spot Solana ETF, with regulatory approval expected (or decided) around October 16.
At the time of Hougan’s remarks, SOL was trading around $227, down 2% on the day and more than 22% below its January high.
Betting on the Future of Tokenization
Hougan’s thesis frames Solana not merely as a blockchain, but as a platform poised for adoption by Wall Street players.
Stablecoins and tokenization represent an entry point for institutional flows.
If a network offers low friction, high throughput, and reliable finality, it could become a preferred infrastructure for tokenizing real-world assets.
Whether Solana can climb further against Ethereum’s entrenched position remains a question—yet Bitwise is clearly positioning itself for that possibility.
Bitcoin miner CleanSpark ended September with 13,011 BTC in its treasury, reflecting stronger efficiency and output compared to the previous year.
The company’s monthly production rose 27% from September 2024, mining 629 BTC and selling 445 BTC for approximately $48.7 million at an average price of $109,568.
In its Friday update, CleanSpark reported that its fleet efficiency improved 26% year over year, while its average operating hashrate for the month reached 45.6 EH/s.
Push for Financial Independence
CleanSpark has been selling a portion of its monthly Bitcoin production since April as part of its strategy to become financially self-sufficient.
It also opened an institutional Bitcoin trading desk to facilitate these sales.
In August, the company generated $60.7 million from the sale of 533.5 BTC, demonstrating the scale of its operations.
The miner’s shares on Nasdaq rose 5.28% following the report and gained more than 23% over the week, according to Yahoo Finance.
The broader market has also been buoyant.
The market capitalization of 15 major publicly traded Bitcoin miners reached a record $58.1 billion in September, up from $41.6 billion in August and more than double the $19.9 billion recorded in March, according to The Miner Mag.
Challenges Ahead for Bitcoin Miners
Despite investor enthusiasm for mining stocks, the industry faces increasing headwinds.
Higher energy costs and the risk of tariffs on imported mining equipment could weigh on profitability.
In August, The Miner Mag reported that U.S. Customs and Border Protection alleged some of CleanSpark’s 2024 mining rigs were manufactured in China.
This could leave the company with potential tariff liabilities of up to $185 million.
Iris Energy (IREN), the largest Bitcoin miner by market capitalization, is also contesting a separate $100 million tariff dispute with the agency.
According to Cointelegraph, the effective duty on China-made mining rigs stands at 57.6%, while machines imported from Indonesia, Malaysia, and Thailand face tariffs of 21.6%.
Rising Mining Difficulty
Bitcoin mining difficulty reached record highs in September and October.
This means miners now expend more computing power and energy to produce the same amount of Bitcoin, putting further pressure on operational costs.
CleanSpark’s push for efficiency and its growing BTC reserves highlight its determination to navigate these challenges while maintaining financial independence.
BNB, the native cryptocurrency of the BNB Chain developed by Binance, reached a historic milestone on Friday as its price surged to an unprecedented $1,111.90.
The token, which has become one of the largest in the market, climbed more than 7.4% in the past 24 hours and has soared 17.5% over the past week, according to CoinGecko data.
This rally coincides with a renewed wave of institutional interest. Analysts noted that treasury companies have been accumulating BNB, particularly since the coin’s previous all-time high in July. Regular token burns conducted by Binance have also been cited as a major driver of price appreciation, with some predicting even more growth ahead.
Predictions Point to Further Upside
Standard Chartered projected in May that BNB could peak at $1,275 in 2025, forecasting that its performance would mirror gains in other top cryptocurrencies like Bitcoin and Ether.
The broader crypto market also participated in Friday’s upswing. Total cryptocurrency market capitalization rose 1.6% to reach $4.2 trillion, highlighting continued investor appetite for digital assets.
BNB Chain Metrics Show Robust Growth
The rally in BNB’s price is not happening in isolation. Activity on BNB Chain has been climbing sharply, according to DefiLlama.
The network’s total locked value (TLV) increased 2.5% in the past 24 hours, topping $8.23 billion. At the same time, the number of active addresses hit 73.24 million last month, the highest level on record.
Transaction volumes have also surged. In September, BNB Chain logged 4.34 million transactions, its second-largest monthly tally behind June’s record high.
This growth comes despite a recent security scare. The official X account for BNB Chain was compromised on Wednesday, with hackers posting phishing links designed to target crypto wallets.
Network Upgrades Aim to Boost Efficiency
BNB’s team is also implementing key upgrades to improve network efficiency. On Wednesday, validators and builders operating on the chain adopted a new minimum gas price of 0.05 gwei. According to a post on X, this change is expected to deliver faster and cheaper transactions.
“Next step for wallets, CEXs and trading platforms: To adopt 0.05 gwei to align with the network and keep BNB Chain the most attractive home for onchain activity,” the BNB team stated.
Looking further ahead, the team plans to increase the block gas limit from 100 million to 1 billion in order to handle rising demand. By 2026, the goal is to create a blockchain architecture capable of processing 20,000 transactions per second with confirmation times under 150 milliseconds.
More Upgrades Already Live
Two major upgrades have already been implemented this year. The Maxwell upgrade went live in June, designed to produce faster blocks, enhance validator coordination and improve overall performance. It also fueled speculation that another price rally could be imminent.
In April, the Lorentz Hard Fork was activated, cutting block times and strengthening validator networking. This adjustment made BNB Chain more suitable for latency-sensitive applications and set the stage for its current growth.
The BNB team has also outlined plans for native privacy features, upgradable virtual machines, and more user-friendly tools in 2026, positioning the network as a major competitor in the blockchain space.
The price of Avalanche’s native token AVAX surged after a newly formed company revealed plans to go public in the U.S. and acquire more than $1 billion worth of the cryptocurrency.
Avalanche Treasury Co. announced on Wednesday that it will merge with Mountain Lake Acquisition Corp., a special purpose acquisition company (SPAC), in a transaction valued at over $675 million.
The combined business intends to list on Nasdaq under the ticker “AVAT” during the first quarter of 2026, pending shareholder and regulatory approvals.
Ava Labs founder and CEO Emin Gün Sirer will join as an adviser, marking another step for institutional involvement in the Avalanche ecosystem.
This venture is only the second dedicated Avalanche-focused treasury company and reflects a broader trend of firms going public or shifting toward cryptocurrency accumulation this year.
Exclusive Relationship With Avalanche Foundation
Avalanche Treasury Co. said it has an “exclusive relationship” with the Avalanche Foundation, the nonprofit supporting the blockchain.
According to reports, the foundation has considered selling millions of AVAX tokens at discounted prices to treasury companies, providing a pipeline for large-scale acquisitions.
The company aims to hold more than $1 billion worth of AVAX following its public debut next year.
It expects its initial capital raise to produce approximately $460 million in funded treasury assets.
AVAX Price Reacts to News
The market responded quickly to the announcement.
AVAX climbed to an intraday high of $31.32 shortly after the news and remains up 2.3% over the past 24 hours, according to CoinGecko data.
Backing for the merger has come from an array of crypto-focused venture firms and companies, including Dragonfly, VanEck, FalconX, Monarq, Galaxy Digital, Pantera Capital, CoinFund, and Kraken.
Former Susquehanna Crypto CEO Bart Smith has been named the CEO of Avalanche Treasury Co., bringing traditional market-making experience to the project.
Moving Beyond Passive Holdings
Avalanche Treasury Co. emphasized that its strategy goes beyond simple token accumulation.
The company plans to generate revenue through “targeted protocol investments” and will establish its own validator infrastructure to support the network.
It also intends to help enterprises tokenize real-world assets and stablecoins on Avalanche.
“Many institutions have difficulty accessing digital assets or are limited to holding native tokens without yield or ecosystem integration,” Smith said.
“We created Avalanche Treasury Co. to offer something we believe will be more valuable than passive exposure.”
Competing for Market Share
This new company joins a wave of similar ventures.
AgriFORCE Growing Systems recently announced plans to rebrand as AVAX One and acquire $700 million worth of AVAX, reflecting rising competition for large-scale positions in Avalanche’s token supply.
Avalanche Treasury Co. stated that it will begin with an initial AVAX purchase at a discount to market price.
It also secured an 18-month priority on Avalanche Foundation token sales to U.S. digital asset treasury firms.
The company said it is targeting a multiple of net asset value (mNAV) of 0.77 — a 23% discount compared with buying AVAX directly.
However, some analysts have criticized the mNAV metric, arguing it does not accurately represent a company’s financial health.
Blockchain oracle provider Chainlink has unveiled one of the first products from its pilot with UBS Asset Management and Swift, the global financial messaging network, aimed at allowing banks to trigger onchain transactions using their existing infrastructure.
According to a Tuesday announcement, Chainlink has integrated its execution layer, known as the Chainlink Runtime Environment (CRE), with Swift messaging.
This integration means banks worldwide can now use existing Swift rails to connect to blockchain networks without building new systems from scratch.
Pilot Builds on Project Guardian
The launch expands on Project Guardian, a 2024 pilot run by Chainlink, the Monetary Authority of Singapore (MAS), and UBS Tokenize, the in-house tokenization unit of UBS Asset Management.
The project demonstrated how tokenized fund workflows could integrate with existing fiat payment systems, a key step in bridging traditional finance with blockchain-based assets.
Under the pilot, the companies used Swift’s ISO 20022 messages to carry out fund subscriptions and redemptions directly onchain.
Traditionally, these processes run through a network of custodians, transfer agents, fund administrators, and other intermediaries, each adding time and reconciliation steps.
“This interoperability unlock enables last-mile connectivity options already familiar and used by financial institutions and service providers today,” Chainlink said.
Why It Matters for the Financial Industry
According to a McKinsey report, global assets under management reached $147 trillion in June 2025, underscoring the scale of opportunity for tokenized finance.
Swift, founded in the 1970s as a Belgium-based cooperative owned by its member banks, operates the global messaging network that underpins cross-border payments.
By connecting Chainlink’s infrastructure to Swift, financial institutions can tap tokenization and blockchain settlement without overhauling their existing systems.
Swift’s Evolution in Blockchain
Swift has been working with Chainlink since 2023, running tests to show how its infrastructure could offer banks a single access point to multiple blockchains.
In September 2024, Swift joined the Bank for International Settlements and 41 private financial firms in Project Agorá, an initiative exploring how tokenized commercial bank deposits could work alongside wholesale central bank digital currencies (CBDCs) on a shared platform.
Earlier in 2024, the cooperative unveiled plans for a blockchain-based “state machine” to track transactions and balances across institutions using ISO 20022 messaging.
This system was designed to run either on blockchain or on Swift’s centralized Transaction Manager platform.
Partnerships Extend Beyond Chainlink
Swift is also collaborating with Ethereum ecosystem developer Consensys and more than 30 institutions to build a blockchain settlement system designed for round-the-clock, real-time cross-border payments.
If successful, these initiatives could position Swift at the center of tokenized finance while maintaining its dominance in traditional messaging infrastructure.
Chainlink, meanwhile, is staking a claim as a key enabler of interoperability between old and new financial systems.
Grayscale has suggested that the third quarter of 2025 may have represented a unique form of “alt season,” with altcoins outperforming Bitcoin and other major assets.
In its latest report, the asset manager noted that while cryptocurrencies across sectors posted positive returns, the pattern stood out for being distinct from traditional altcoin cycles.
“Bitcoin underperformed other market segments, and the pattern of returns could be considered a crypto ‘alt season’ — although distinct from other periods of falling Bitcoin dominance in the past,” the report explained.
Altcoins tied to smart contracts were particular beneficiaries, supported in part by the passage of the GENIUS Act in the US earlier this year.
Meanwhile, AI-related tokens and other niche sectors saw growth, while Bitcoin, Ether, and broader currency plays lagged.
Market Shifts Driven by Policy and Exchanges
Grayscale highlighted several trends that shaped Q3.
One was the growing number of corporate treasuries adding various tokens to their balance sheets.
Another was the increasing adoption of stablecoins in the United States, alongside stronger activity on centralized exchanges.
The firm argued that these elements combined to create a distinct market environment in which altcoins found momentum at Bitcoin’s expense.
Looking ahead, Grayscale speculated that pending legislation, including a digital asset market structure bill in Congress, could further support crypto markets in Q4.
Bitcoin’s Relative Underperformance
Although Bitcoin surged to a record high above $120,000 in August, its performance lagged other segments of the market.
Analysts suggested that both Bitcoin and altcoins were also trailing behind traditional assets such as gold and equities in reaching new records.
Stablecoin outflows from exchanges were cited as one factor weighing on crypto market dynamics.
This environment left altcoins better positioned to capture gains while Bitcoin’s dominance eased.
Optimism for ETFs
As a leader in crypto exchange-traded funds (ETFs), Grayscale noted that regulatory developments could provide a further boost.
The US Securities and Exchange Commission (SEC) recently approved new listing standards for digital asset ETFs.
One of Grayscale’s own products, a multi-asset crypto ETF, has already gained regulatory approval, giving investors exposure to a basket of leading assets including BTC, ETH, XRP, Solana, and Cardano.
The report concluded that optimism around ETFs and supportive legislation may sustain momentum for altcoins and the broader market heading into the final quarter of the year.
XRP gained momentum on Wednesday, rising 6.8% from Monday’s low of around $2.70.
The move came as traders adjusted following a sharp sell-off that shook the broader crypto market earlier in the week.
Technical indicators and onchain data suggested the XRP/USD pair could be preparing for a trend reversal, with a potential rally toward $4 in play.
Technical Setup Hints at Breakout Potential
XRP’s price action has been consolidating within a symmetrical triangle on the daily chart, according to data from TradingView.
This chart formation, which develops as price action compresses between converging support and resistance trendlines, often signals a breakout once momentum builds.
In XRP’s case, an upward move above the $3 resistance line could trigger a reversal toward the triangle’s projected target of $4.08, marking a potential 42% gain.
Before that target can be reached, XRP bulls will need to overcome intermediate resistance levels at $3.40 and the eight-year high of $3.66.
Traders Highlight Key Support and Resistance Zones
Analyst CasiTrades pointed out that XRP formed “a massive wick down to a double bottom near $2.70” on the four-hour chart.
“A double bottom like this still fits within a valid Wave 2 count, as long as the price holds above $2.70,” she explained in an X post.
Her analysis noted immediate downside support at $2.79, with a drop below $2.70 potentially opening the door to $2.58.
On the upside, she highlighted Fibonacci extension levels pointing to $4.00 and $4.40 as the next significant resistance zones.
“The market is preparing for a major trend shift,” she said.
Meanwhile, crypto analyst CryptoBull suggested that XRP could rally as high as $5 in October if it breaks out of a bull flag pattern currently visible on the charts.
Whale Accumulation Offers Market Support
Onchain data provided further optimism for XRP’s outlook.
Santiment’s Supply Distribution metric showed steady accumulation among wallets holding between 1 million and 10 million XRP.
These addresses added 30 million XRP over the past two days, raising their holdings to 6.77 billion tokens—about 11% of the total circulating supply.
The data indicates that large holders did not sell during Monday’s dip but instead bought more, potentially signaling confidence in higher prices ahead.
By absorbing supply on declines, these whales may help establish price floors and encourage smaller investors to follow suit.
Holder Behavior Reinforces Positive Sentiment
Further supporting the bullish case, Glassnode data revealed that XRP’s net holder position change has been positive since late August.
This accumulation trend followed weeks of profit-taking during July and early August, when XRP reached its multi-year high of $3.66.
The recent activity suggests investors are positioning themselves for further upside, particularly in the $2.70 to $3.00 accumulation range.
This buying interest highlights the importance of these levels as a foundation for future price moves.
If bulls succeed in pushing past $3.40 and $3.66, momentum could accelerate quickly toward the $4 target zone.
Avalanche’s AVAX token recorded a sharp upswing on Tuesday, rallying more than 10% to trade above $33 despite a broader downturn across the cryptocurrency market.
The move has pushed AVAX nearly 22% higher from its recent local low of $29, with institutional interest and ecosystem growth playing a central role in driving momentum for the layer-1 blockchain.
Institutional demand strengthens outlook
The Avalanche Foundation has ramped up efforts to secure institutional capital, unveiling a series of treasury-building initiatives earlier this month.
In early September, the foundation revealed plans to raise $1 billion through two separate U.S.-based crypto treasury companies, which would allow them to purchase millions of AVAX tokens from reserves at discounted rates.
One of the vehicles, steered by Hivemind Capital and advised by Anthony Scaramucci, is seeking to raise $500 million via a Nasdaq-listed PIPE transaction. On Monday, AgriFORCE Growing Systems confirmed its rebrand to Avax One and announced plans to raise $550 million to construct a treasury centered on AVAX.
A second vehicle, involving Dragonfly Capital, is also targeting $500 million through a special purpose acquisition vehicle. Together, these efforts are expected to lock up significant amounts of AVAX, applying consistent upward pressure on the token’s price.
Institutional exposure to Avalanche has also expanded through new financial products. Sweden-based Vitune launched a crypto exchange-traded product (ETP) offering Finnish investors access to AVAX in February. VanEck followed with an application to launch an Avalanche ETF in March, while Grayscale recently filed to convert its Avalanche Trust into an ETF.
This institutional wave has helped fuel confidence in AVAX, keeping its rally intact even as most digital assets retraced in recent days.
Network growth adds fuel to rally
On-chain activity has also reinforced AVAX’s strength.
Avalanche’s Octane upgrade in April reduced C-Chain fees by 98%, spurring daily transactions to 1.4 million by the second quarter, a 493% increase compared with the prior quarter. Active wallet addresses rose 57% in the same period, reaching 46,397.
In late August, Avalanche led all blockchains in weekly transaction growth, recording a 66% jump to reach a record 2.22 million daily transactions. Although activity has since moderated, counts remain robust above 1.2 million transactions daily, according to Nansen.
The total value locked (TVL) on Avalanche has more than doubled since April, climbing from $1 billion to $2.23 billion by Tuesday. Protocols like Aave, with $515 million locked, have contributed significantly. Meanwhile, the stablecoin market cap on Avalanche has soared to $2.16 billion, marking an 81% increase over the past month, according to DefiLlama.
Rising TVL and stablecoin adoption underscore the blockchain’s expanding role in decentralized finance, improving liquidity and strengthening long-term utility.
Technical setup signals bullish continuation
From a charting perspective, AVAX appears to be forming a rounded bottom pattern on the daily timeframe — a traditional bullish reversal formation.
The token has been gradually building a U-shaped base since July, when it traded near $17. A 17% jump from Monday’s lows near $29, coupled with a more than 100% spike in trading volume, suggests increasing conviction among buyers.
This structure sets up two potential upside targets. The first lies near the neckline at $55, about 61% above current levels. If AVAX closes decisively above that price, a measured projection points to a longer-term target of $212, a potential 511% gain from today’s market value.
While such projections remain speculative, the combination of institutional inflows, strong on-chain activity, and technical momentum has positioned AVAX as a rare standout in a shaky crypto market.
BNB surged more than 10% over the weekend, reaching a record level above $1,080 while the broader cryptocurrency market remained relatively flat.
The rally has put the Binance-linked token in price discovery, fueling speculation about whether it can extend its upward trajectory in the weeks ahead.
Short-Term Risks From Overbought Levels
The latest rally pushed BNB’s relative strength index (RSI) into overbought territory on the four-hour chart.
This typically signals the risk of a cooling-off period or correction.
The token has already slipped nearly 3% from its intraday peak of $1,083.50.
Technical indicators point toward a potential retest of the 20-period exponential moving average (EMA) on the four-hour chart, which currently sits near $1,012.
That level also aligns with the 0.236 Fibonacci retracement zone, strengthening the case for a short-term pullback.
If selling pressure intensifies, the correction could extend deeper, with support at the 50-period EMA around $974.
Analyst Sees Strong Support at $970
Despite the overbought risks, analysts remain optimistic about BNB’s broader trend.
Market commentator Gael Gallot pointed out that BNB’s ability to stay above $970 is a sign of resilience, citing surging trading volumes and long positions dominating the derivatives market.
“BNB broke the 1000 mark and set a new high at 1074 before settling near support at 987 to 990,” Gallot noted.
“Trading volume hit 3.28 billion during the move, and momentum remains strong with a long short ratio of 17.71, showing bullish positioning.”
This $970 zone also coincides with the lower boundary of BNB’s ascending channel pattern, which has guided price action since June.
Historically, each retest of this trendline has triggered rebounds ranging between 20% and 35%.
October Target Above $1,150
If this pattern repeats, BNB could be on track to surpass $1,150 in October.
That would represent a 10% gain from current levels, even if the token first consolidates closer to the $970 support.
The channel’s historical reliability adds weight to this projection.
At the same time, the breakout has revived comparisons to earlier BNB rallies.
In 2020–2021, the token skyrocketed more than 2,600% after breaking through an ascending triangle pattern.
Year-End Prospects Point to $1,250 and Beyond
On longer-term charts, BNB is forming what analysts describe as a bullish cup-and-handle structure.
The recent move above the 1.618 Fibonacci extension near $1,037 has flipped that level into support.
Upside targets now include $1,250, projected from the cup-and-handle breakout, and potentially $1,565, based on the 2.618 Fibonacci extension.
If momentum holds, BNB could see its strongest phase of the cycle in the final months of the year.
On-Chain Indicators Support Optimism
BNB’s on-chain data appears to support the bullish technical outlook.
The Net Unrealized Profit/Loss (NUPL) metric has returned to the optimism-anxiety zone.
This level was last observed during the 2020–2021 bull market, when BNB rallied from under $50 to more than $600.
The metric suggests that most holders are in profit and lean optimistic, conditions often associated with mid-cycle strength.
While short-term corrections are still possible, both technical and on-chain signals indicate that BNB could be gearing up for its most decisive rally since the last major bull run.