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CoinCatch Market Daily Report (September 23, 2025)
Intermediate
2025-09-23 | 10m
On September 22, BTC fell below $112,000 and then fluctuated and consolidated, while ETH failed to stabilize at $4,200. Meanwhile, Metaplanet surpasses Bullish to become the world's fifth-largest publicly held bitcoin holder. On September 22, 2025, the price of gold hit a new all-time high of $3,728 per ounce. UXLINK's multi-signature wallet was compromised in a $11.3 million security breach, triggering an uncontrolled minting of 1–2 billion unauthorized tokens and a 77% plunge in its native token’s price.
Crypto Market Overview
BTC (-0.05% | Current Price: $112,934.81)
Bitcoin fell 0.05% to $112,934 over the past 24h. Bitcoin’s approach to $117,000 created a high-leverage “trap,” with futures open interest hitting $220B. When BTC dipped below $115K, it triggered $452M in long liquidations within an hour, forcing margin calls and amplifying downside. In this case, leveraged traders faced a liquidity crunch, exacerbating selling pressure. Derivatives data shows perpetual funding rates turned neutral (+0.0029%), reducing incentives to hold long positions. BTC’s ability to hold $111,335 (61.8% Fib level) to avoid another liquidation cascade. The SEC’s renewed focus on DeFi platforms and delayed clarity on the GENIUS Act (stablecoin rules) injected caution. Meanwhile, the CFTC’s approval of Grayscale’s multi-asset ETF highlighted regulatory fragmentation. Institutions paused allocations amid compliance uncertainty, reducing buy-side liquidity. However, Bitcoin’s dominance (57.79%) held steady, signaling no mass rotation to altcoins. Bitcoin’s dip reflects a technical correction amplified by overleveraged positions and regulatory hesitancy. While neutral sentiment (Fear & Greed Index: 40) limits panic selling, reclaiming $113,847 is critical for bullish resumption.
On September 22nd, BTC ETFs saw a net outflow of $363.1 million, including $276.7 million outflow from Fidelity's FBTC.
ETH (-6.62% | Current Price: $4,195.78)
Ethereum prices fluctuated around $4,300 on the morning of September 22nd, then plummeted rapidly, reaching a low of $4,130, marking a period of heavy volume decline. The market then entered a period of weak rebound and consolidation, with repeated attempts to break through $4,200, but each attempt failed to hold. Overall, ETH prices are facing significant selling pressure at $4,300, with short-term bears taking the lead. If the price fails to reclaim and stabilize at $4,200, the market may continue to test support, with an eye on the strength of support around $4,100. On September 22nd, ETH ETFs saw a net outflow of $76 million, with BlackRock's ETHA saw an outflow of 15.1 million and Fidelity FETH' $33.1 million in outflows.
Altcoins
Most major altcoins maintained a slight decline, with market sentiment primarily neutral or buy. The Fear & Greed Index, at 40, remained in panic territory, indicating a shift in market sentiment towards pessimism following today's decline.
Macro Data
The market remains near record highs but faces potential risks like a US government shutdown and visa cost increases. The upcoming Canadian federal budget is expected to be crucial for the country's economic direction and future Bank of Canada interest rate decisions. Nvidia plans to invest
$100 billion US in OpenAI for data center buildout. Gold is currently trading at $3,770.3, up 0.8%. On September 23, the S&P 500 gained 0.44% to 6,693.75 points; the Dow Jones Industrial Average gained 0.14% to 46,381.54 points; and the Nasdaq Composite Index gained 0.70% to 22,788.98 points.
Trending Tokens
BARD Lombard (+16.74%, Circulating Market Cap: $247.13 Million)
BARD is trading at $1.09, up approximately 16.74% in the past 24 hours. Lombard is building onchain Bitcoin capital markets to unlock the full potential of the defining asset of this generation. Founded in 2024, the company pioneered Bitcoin’s integration into DeFi with LBTC — the leading yield-bearing Bitcoin, secured by a decentralized consortium of 14 digital asset institutions — which today stands as the largest Bitcoin LST. Lombard is developing full-stack infrastructure to accelerate onchain BTC adoption for holders, protocols, and platforms, spanning BTC assets, a Staking SDK, and supporting services. The company is built and backed by digital asset leaders, including top DeFi protocols, institutions, and exchanges. BARD was listed on Binance, Gate.io, and Coinbase on September 18, 2025, with spot and perpetual futures trading pairs. Gate offered up to 20x leverage, while Binance added BARD/USDT, BARD/BNB, and other pairs. Listings expanded accessibility, attracting traders and arbitrage bots. The 24h trading volume surged 30% to $245M, reflecting heightened activity. However, fully unlocked tokens at TGE risk sell-offs if early investors exit.
NMR Numeraire (+16.38%, Circulating Market Cap: $132.23 Million)
NMR is trading at $17.39, up approximately 20.68% in the past 24 hours. Numerai is an
Ethereum-based platform allowing developers and data scientists to experiment and create machine learning models with improved reliability. The platform’s main goal is to bring decentralization to the data science field and allow developers to compete in creating effective machine learning prediction models. NMR rebounded from a 7-day dip (-4.16%), with RSI(7) at 30.86 (oversold) on September 23. However, the MACD histogram (-0.4674) shows bearish momentum, and resistance looms at the 30-day SMA ($15.98 vs. currently $16.76). Short-term traders may be capitalizing on oversold conditions, but the MACD divergence suggests caution. The 61.8% Fibonacci retracement level ($14.14) now acts as support.
AVAX Avalanche (+14.08%, Circulating Market Cap: $14.92 Billion)
AVAX is trading at $0.03629, up approximately 16.58% in the past 24 hours. Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for
smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
Market News
Metaplanet Becomes the World's Fifth-Largest Publicly Traded Bitcoin Holder
Metaplanet, a Japanese public company, purchased 5,419 bitcoins for $632 million, at an average price of approximately $116,700 per coin. This brings its total holdings to 25,555 bitcoins, valued at approximately $2.71 billion. Metaplanet surpasses Bullish to become the world's fifth-largest publicly held bitcoin holder. Metaplanet's bitcoin holdings have already seen a 395.1% return this year, and the company plans to expand its holdings with the $1.4 billion it recently raised.
Meanwhile, Capital B also purchased 551 bitcoins, bringing its total holdings to 2,800. However, neither company's share price was buoyed by the positive news: Metaplanet's share price fell 3% to 589 yen, while Capital B's share price slipped 1% to 1.14 euros in European trading, representing declines of 73% and 81% from their respective all-time highs.
Gold Hits $3,728 as Crypto Market Suffers Major Collapse
On September 22, 2025, the price of gold hit a new all-time high of $3,728 per ounce, according to TradingView. The rally came as the crypto market collapsed, suggesting a significant reallocation of capital from digital assets to traditional safe havens. At the time of writing, gold was holding above $3,720. Charts show that the rally began around 8:00 a.m. CET, coinciding with a sharp correction in Bitcoin and other cryptocurrencies. Analysts point to the Federal Reserve’s interest rate cuts as a key factor.
As discussed in our earlier analysis on interest rates and crypto, falling rates often push liquidity from Treasury bonds into other markets. This shift may explain why gold surged while Bitcoin dropped, reflecting capital rotation toward safer assets. Other precious metals also benefited. Spot silver rose 1.3% to $43.6 per ounce, nearing a 14-year high. Platinum gained 1.2% to $1,420.4, while palladium advanced 1.2% to $1,163.2.
While Bitcoin is often called “digital gold,” some experts argue that the cryptocurrency is increasingly tied to macroeconomic factors and may be losing its reputation as a safe-haven asset. The sharp contrast between Bitcoin’s decline and gold’s rally underlines the changing dynamics of global capital flows.
DeFi's Multi-Sig Flaw Exposed: $11M UXLINK Hack Underlines Security Crisis
UXLINK, a blockchain-based social infrastructure project, disclosed on September 22, 2025, that its multi-signature wallet was compromised in a $11.3 million security breach, triggering an uncontrolled minting of 1–2 billion unauthorized tokens and a 77% plunge in its native token’s price. The exploit exploited a vulnerability in the platform’s delegateCall function, enabling the hacker to gain administrator-level access and drain assets including $4.5 million in stablecoins, ETH, and WBTC. On-chain analysis revealed that the attacker transferred 542 million tokens to phishing addresses, dumped 490 million on exchanges, and generated an additional 2 billion tokens through illicit minting. This unauthorized activity caused the UXLINK token to collapse to $0.09454 from $0.30 within hours, erasing $70 million in market capitalization.
Reference:
CoinMarketCap. (n.d.).
CoinMarketCap.
https://coinmarketcap.com
Farside Investors. (n.d.-a).
Bitcoin.
https://farside.co.uk/btc/
Farside Investors. (n.d.-b).
Ethereum.
https://farside.co.uk/eth/
Investing.com. (n.d.-a).
USA Indices.
https://investing.com/indices/usa-indices
GoldPrice.org. (n.d.).
Spot gold price today.
https://goldprice.org/spot-gold.html
Yahoo Finance. (n.d.).
Metaplanet hits 85% Bitcoin yearly.
https://finance.yahoo.com/news/metaplanet-hits-85-bitcoin-yearly-050937690.html
Cryptorank.io. (2025, September 23).
Gold hits $3,728 as crypto market suffers major collapse.
https://cryptorank.io/news/feed/9e2af-gold-hits-3-728-as-crypto-market-suffers-major-collapse
BeInCrypto. (2025, September 23).
Upbit flags UXLINK trading warning token as hacker gains mint role.
https://beincrypto.com/upbit-uxlink-warning-hacker-mint/
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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