The cryptocurrency market experienced a notable rebound on Monday, September 29, with flagship currencies showing gains, bolstered by whale accumulation that adds support to the market. The analysts indicate that the rebound suggests a cautious re-entry by institutions, while also highlighting that macroeconomic signals and ETF flows will be key in determining whether this recovery develops into a sustainable uptrend. The recent rebound in the crypto market, highlighting an over 2 percent recovery after a 4 percent weekly dip, emphasizes the ongoing struggle between buyers, as noted by Riya Sehgal.
Bitcoin has held its support level and is currently exploring the supply zone between $112,000 and $114,000. At last check, Bitcoin was trading with gains of 2.4 percent at $111,665, with a 24-hour trading volume of $39.58 billion, according to data. The top digital currency has varied between $109,236 and $112,375 in the last 24 hours. Bitcoin’s market capitalisation remained steady at $2.33 trillion, reinforcing its status as the largest digital asset worldwide. Bitcoin is currently more than 10 percent below its highest point of $124,457, achieved on August 14 this year. Edul Patel noted that the recent rise in Bitcoin is being bolstered by significant accumulation from large investors. In a remarkable turn of events, whales have gathered an astonishing $3.3 billion in Bitcoin within just one week, with an extra $1.73 billion in Ethereum collected shortly thereafter. “This suggests an increasing optimism in the crypto market as we near the fourth quarter. While there were notable outflows last week, large investors stepped in to absorb the selling pressure, putting BTC back on a bullish trajectory,” said Patel.
From a technical perspective, Patel asserts that a conclusive close above a certain level could bolster Bitcoin’s momentum, while support is positioned at another level. Sehgal indicated that a decisive break above $114,000, in her perspective, “could fuel further bullish momentum, potentially triggering significant short liquidations, while a failure would likely keep BTC range-bound.” Ethereum has seen a 2% rise, facing resistance between $4,210 and $4,260. Ethereum, the second-largest cryptocurrency by market cap, is exhibiting a similar trend. Although it is progressing towards recovery, it still encounters considerable resistance at the key trendline established at $4,210. In the latest update, the asset is priced at $4,101, reflecting a 2.28 percent increase, with intraday movements ranging from $3,969 to $4,145. Ethereum’s trading volume has reached an impressive $27.54 billion. Even with its recent recovery, Ethereum is still approximately 17 percent below its peak of $4,953, achieved on August 25, 2025.
Sehgal asserts that for Ethereum, unless the asset surpasses the $4,210–$4,260 range, sellers may take charge again, potentially leading to a retest of the $4,000–$3,820 levels. Altcoins are making waves as MYX Finance stands out in performance. The positive sentiment extended to other cryptocurrencies as well. MYX Finance surged ahead of the altcoin pack, posting an impressive 27 per cent increase. Zcash, Pump.fun, Aethir, Story, Astar, 0G, Hyperliquid, Curve DAO Token, Worldcoin, and Sui emerged as notable gainers for the day, experiencing a rally of up to 15 percent. On the flip side, ether.fi, TRON, and dogwifhat experienced declines of up to 1 percent.