On the morning of September 22, the cryptocurrency market approached a $3 trillion capitalization after a short squeeze. Bitcoin rose to $87,400, with bears closing positions worth $557.79 million, of which ~70% were shorts. The largest losses were: BTC perp $242.47 million and ETH perp $100.83 million (CoinGlass). Spot ETFs attracted over $1.9 billion in a day (SoSoValue): BTC +$1.36 billion, Solana $257.25 million, Ethereum $223.51 million, XRP $45.54 million. The Hyperliquid token (HYPE) updated its ATH around $96. There was a brief USDe squeeze on Binance down to $0.92.
Binance and Circle. The exchange excluded 19 low-liquidity USDC pairs and purchased 1,237,011 Class A shares of Circle for $100 million at $80.84 – below market price, as part of a five-year contract with a monthly fee for promoting the stablecoin. On September 25 at 03:00 UTC, spot trading will cease for AIXBT, DOLO, ENJ, HUMA, SXT, TNSR, TURTLE. At 06:00 UTC – 12 margin pairs for MANTA, BANANA, SSV, NOM, STO, 1MBABYDOGE, OPN. New lending will be disabled on September 23 at 06:00 UTC, and positions will be closed automatically. The assets themselves will remain on the platform.
XRP. The five-week triangle concluded with a bullish breakout: +5.5% for the week, briefly touching $1.57, holding in the $1.51–$1.54 range. The $1.50 level has been surpassed, with testing occurring at $1.55–$1.56. Peter Brandt (The Factor Report) indicated a target of $5.40 but noted: 'In fact, I own nothing but Bitcoin.' Raoul Pal supported Brandt, stating that traders confuse technical analysis with guaranteed profit. A false breakout could return to $1.40.
SHIB. The 'Bull Combo' pattern has given +8.61% since formation. The price has hit the 50-week average around $0.0000064. Above that, the path leads to the 200-week average at $0.0000122. The local bottom is $0.00000547. Whales added 468 million SHIB.