TechFlow news, September 1: The latest Bitfinex Alpha report indicates that Bitcoin's price has fallen below the $110,000 mark, correcting over 13% from its all-time high of $123,600. Technical indicators suggest the market may be nearing the end of its adjustment phase, with the 93,000–95,000 USD range potentially forming the bottom of this correction cycle.
The altcoin market is broadly under pressure, with major cryptocurrencies such as ETH and XRP posting declines exceeding 10%. However, institutional demand remains strong—BitMine has become the world's largest Ethereum-holding institution, planning to acquire 5% of ETH's total supply.
Analysts expect the cryptocurrency market to resume its upward momentum in the fourth quarter as ETF inflows seasonally rebound.
