The market is under pressure, BTC holds at $111,700, institutional funds Buy the Dips.

[Crypto World] On September 25, as September nears its end, the crypto assets market remains under pressure. The U.S. stock market experienced a significant decline overnight; however, Chinese concept stocks performed relatively strongly, outperforming the market. Bitcoin is currently barely holding at the support level of $111,700, while Ether has fallen below the $4,100 mark maintained since early August. If the price breaks further down, recent lows may be tested again, and the next levels to follow are $107,000 for BTC and $3,300 for ETH.

Despite the market facing a sell-off, there are almost no signs of a decline in institutional demand. The Bitcoin spot ETF attracted $241 million in inflows overnight, ending a two-day streak of outflows. The signs of buying on dips remain evident, with October's $118,000 BTC call options dominating the day's options trading activity.

As the fourth quarter approaches (historically a typically more positive phase), market optimism remains, supported by a more accommodative credit environment. The market currently expects a 25 basis point rate cut in both October and December. Unless next week's non-farm payroll data unexpectedly comes in strong, this expectation is likely to persist.