Overview

• Total crypto market value topped $4 trillion on Tuesday as Bitcoin held near the mid-$114,000 area after rebounding from September lows around $106,000–$109,000.
• Spot Bitcoin and Ethereum funds recorded more than $1 billion in combined inflows on Sept. 29, reversing recent outflow streaks, according to SoSoValue.
• Chart watchers flag a developing double‑bottom with a neckline near $117,875 that, if cleared, sets a measured objective around $127,000.
• On‑chain and market‑internals show a fragile backdrop, with short‑term holder SOPR near 1, cooling leverage, softer activity metrics, and options desks leaning toward downside protection.
• Macro catalysts remain in focus with Friday’s U.S. jobs report and government‑shutdown risk, while institutional interest persists as Michael Saylor’s Strategy Inc. disclosed a 196 BTC purchase at an average $113,048.