TechFlow news, September 23: QCP released a report stating that yesterday the crypto market suffered massive liquidations, with over $1.7 billion in leveraged positions liquidated. The market currently shows signs of stabilization, with BTC holding above $112,000 and ETH near $4,100. The altcoin season index dropped sharply to 65, while Bitcoin's market dominance rose to 57%, indicating capital is flowing back into Bitcoin.
Despite short-term weakness, institutional sentiment remains positive, with spot ETFs continuing to record inflows. Traders have started positioning for October—the historically strongest month for BTC—with active demand for bullish options at $120,000–$125,000. Powell's speech and core PCE data this week will be key market focus points.
