The cryptocurrency market started the week under pressure on Monday, September 1, 2025, as Bitcoin (BTC) failed to hold above the $108,000 mark. The world’s largest digital asset traded nervously in thin volumes with Wall Street closed for the Labor Day holiday, while concerns over a potential billion-dollar sell-off from a large whale wallet added to investor caution.
Price action and sentiment
At last check, Bitcoin was quoted at $107,980.45, down 0.55% in 24 hours, with trading volumes around $53.23 billion, according to CoinMarketCap. The cryptocurrency swung between $107,271 and $109,240 during the same period. Its market capitalization stood at $2.15 trillion, still keeping it the largest cryptocurrency globally.
Bitcoin remains about 13% below its record high of $124,457, logged on August 14, 2025.
Traders pointed to several factors behind the muted mood: sales from long-dormant whale wallets, declining spot BTC ETF inflows, and weakness spilling over from U.S. equities after the Dow, S&P 500, and Nasdaq ended the week in red.
Technical outlook: pressure mounts
“On the weekly chart, Bitcoin has formed a ‘Shooting Star’ candle, where the longer upper shadow signals strong selling at higher levels,” said Harish Vatnani, head of trade at ZebPay. He noted BTC has now been in the red for three straight weeks, carving a ‘Lower High Lower Low’ formation.
According to Vatnani, Bitcoin’s immediate support sits at $105,000 and $100,000, while $115,000-$125,000 are key resistance zones. “For a sustained rally, BTC must break, close, and hold above $125,000,” he added.
Echoing the caution, Riya Sehgal, research analyst at Delta Exchange, said the near-term bias remains bearish. “Immediate support is seen at $107,000, with downside risk toward $106,000-$104,000 if selling pressure continues. On the upside, reclaiming $109,000 and the $111,000-$112,000 range would be critical for bulls to stabilize momentum,” Sehgal said.
Ethereum shows resilience
Ethereum (ETH), meanwhile, has been more resilient. After briefly testing $4,497 on institutional inflows, ETH eased back to $4,401, down 0.80%, with daily trading volumes at $27.56 billion. It remains about 11% off its August 25 peak of $4,953.
“Ethereum finds strong support between $4,370 and $4,300 levels,” said Sehgal. She highlighted that ETH recorded $1.08 billion in net spot ETF inflows between August 25-29, a sign of sustained institutional appetite.
Broader market moves
Other top tokens also faced declines: Solana dropped below $200, XRP fell under $2.80, and Dogecoin hovered at $0.21. On the gainers’ list, POL advanced over 5.5%, BUILDon rose 4.6%, KuCoin Token climbed 3.61%, and Monero added 4%. The biggest losers included Four (down more than 20%), Pi (off by 10%), along with Conflux, OKB, and Pudgy Penguins, each sliding over 7%.
Other developments
- Metaplanet expanded its treasury with the purchase of 1,009 BTC, bringing its total holdings to 20,000 BTC.
- In El Salvador, officials reportedly began splitting the country’s Bitcoin reserves across multiple wallets, a move aimed at reducing systemic risks such as potential quantum computing threats, according to CoinDCX Research.
- World Liberty Financial (WLFI), the Donald Trump-backed governance token, opened for public trading Monday with a 20% sell limit cap on holders.
- On the Solana network, the SIMD-0326 “Alpenglow” proposal, designed to cut block finality from 12.8 seconds to 150 milliseconds, cleared quorum with 99.6% approval.
ETF flows paint a split picture
Data from August highlighted diverging institutional trends: Ethereum ETFs brought in a net $3.87 billion, while Bitcoin ETFs saw net outflows of $751.12 million, reflecting more cautious sentiment around BTC in the short run.
