Bitcoin (BTC) has dropped from its mid-August high of $117,968, primarily due to $1.5 billion in forced sell-offs. For now, it is hovering near key support levels between $107,000 and $102,000.Is it still the best crypto to buy now?
Despite this pullback, institutional investment to the tune of $60 billion is keeping hopes alive for a long-term rally towards $200,000.
Currently, BTC is trading just below the $110,000 mark at $109,470, barely up by 0.05% after a volatile September. The market cap is about $2.17 trillion, with about $40.4 billion traded in the last 24 hours alone.
$BTC hanging on the edge.
It's holding $108,000 support, but it doesn't look convincing.
Not trading Bitcoin in the local PA, but I'm awaiting directional moves here.
$105,000 support could trigger a reaction, but my guess is that $101,000 is stronger + more liquidity. pic.twitter.com/kkeyvy3W7H
— Lennaert Snyder (@LennaertSnyder) September 28, 2025
BTC typically follows a four-year pattern where a cut in new supply leads to a long rally, peaking in about three years. That said, things are now changing, as BTC is no longer driven solely by retail demand, with strong institutional demand reshaping the market.
Case in point, even though long-term holders have liquidated about 1.8 billion BTC (dropping from 70% to 61% of total supply), prices have held steady, highlighting that past cycle patterns might no longer apply as reliably.
A surge in the global money supply has helped support BTC even though its momentum has cooled. However, if US President Donald Trump appoints a more pro-stimulus Fed chair after Jerome Powell, aggressive rate cuts might drive BTC towards $200,000.
Technically, BTC is stuck between $104,000 and $113,400 with no clear direction emerging as of now. It is holding support around $109,000. However, if it drops below $107,270, a further drop to $102,000 is possible.
For BTC to regain its bullish momentum, it must break above $113,000, with a move past $123,000 opening doors to restesting its record highs.
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ETH Stabilises Above $4k! Still The Best Crypto To Buy?
Ethereum (ETH) has stabilised above the $4,000 level, turning the level into its support. It has bounced back after a week of tough price swings, sell-offs and forced liquidations that wiped out billions in the derivatives market.
Analysts on X have stated that this level has now become a solid support, a bullish sign that’s rare in strong markets and often leads to further gains. If ETH holds here, history suggests a 10-15% price jump could follow.
A bullish retest is never a bad thing during a bull run.
For years, the $4K region has been a crucial resistance level and now $ETH has flipped this into support.
Bullish for Ethereum and alts. pic.twitter.com/oYMX9PDfmU
— Cas Abbé (@cas_abbe) September 27, 2025
There is also a possibility of a short squeeze, where traders betting against ETH might be forced to buy back in, pushing the price higher, mirroring past crypto rallies like BTC’s 2021 surge.
Recent turbulence has cleared out excess leverage, with over $3 billion liquidated on Binance alone. Many investors took home profits when ETH briefly dipped to $3,800, which helped stabilise the market, since they took out weak hands, leaving room for more sustainable growth.
$ETH DOWNSIDE LIQUIDITY HAS BEEN TAKEN OUT COMPLETELY.
IT SEEMS LIKE A SHORT-SQUEEZE IS COMING
pic.twitter.com/wBdDaxcRwm
— Ash Crypto (@Ashcryptoreal) September 27, 2025
Further adding to the optimism, large investors have scooped up over $1.6 billion worth of ETH from major platforms, signalling a strong institutional interest and confidence in ETH’s long-term potential.
Looking ahead, ETH’s future will depend on how its price holds up, how much institutional buying takes place and how well its network continues to grow. Right now, the $4000 level is a key test.
If ETH stays above it, it could climb to $4,500 or higher. However, if it slips, it might fall back to around $3600 – $3800.
If the upward momentum continues, ETH’s next big goal will be to retest its record high near $4878, with mid-term targets between $6000 and $7000.
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ETH ETFs See $800M Exit in Toughest Week Yet
Spot ETH ETFs saw their worst week since launch, with nearly $800 million in outflows as crypto markets faced pressure.
Data from SoSoValue shows that spot Ethereum ETFs saw $795.6 million in net outflows for the week ending September 26, just above the earlier monthly record of $787.7 million.
Fidelity’s FETH led the decline, losing over $362 million, while BlackRock’s ETHA shed more than $200 million.
The sell-off was triggered by ETH briefly dipping below $4,000, causing heavy liquidation.
During the trading week of September 22 to 26 (ET), Bitcoin spot ETFs saw net outflows of $903 million, ending a four-week streak of inflows. Ethereum spot ETFs recorded net outflows of $796 million, with all nine funds posting redemptions.https://t.co/YcNXWVZGwE pic.twitter.com/Mgwh2QKKtr
— Wu Blockchain (@WuBlockchain) September 28, 2025
Despite the heavy selloff, ETH stabilised above the $4000 mark for a little while and is currently trading just below the level at $3,988.
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The post [LIVE]With BTC Holding Steady at $109k And ETH Looking Bullish, What’s The Best Crypto To Buy Now? appeared first on 99Bitcoins.
