Bitcoin holds the potential to surpass its all-time high, with over $600 million in inflows into ETFs indicating growing institutional interest. Arthur Hayes recommends patience, cautioning against excessive speculation. While enhanced security measures in Web3 and Tether's stablecoin launch signify the ecosystem's maturation, the recent purchases of ETH by hackers require caution. Overall, the market exhibits a bullish bias, though a degree of caution remains necessary.

Cryptocurrency Market Analysis: September 13, 2025 1. Bitcoin (BTC) Price Poised to Reclaim All-Time Highs Within 2-3 Weeks, Targeting CME Gap Fill at $117K The filling of the CME (Chicago Mercantile Exchange) gap in the Bitcoin futures market serves as the latest indicator of market strength. It is crucial for bulls to prevent this level from turning into resistance. With the spot price reaching $116,800, some analysts predict a potential renewal of all-time highs within weeks. This suggests persistent institutional demand, which is expected to positively influence BTC's price trajectory. 2. Spot BTC ETFs See $642M Inflows, ETH Follows with $406M Amidst Growing "Confidence" The continuous inflows into spot Bitcoin ETFs highlight the increasing institutional interest in cryptocurrencies. Marking five consecutive days of inflows, the cumulative net inflow has reached $56.83 billion. This reflects growing institutional confidence in Bitcoin's long-term value, and the new capital entering via ETFs is anticipated to contribute to BTC price stabilization and upward momentum. 3. BitMEX Co-founder Arthur Hayes: "Bitcoin Holders Chasing Lamborghinis Will Get Liquidated" Hayes advises Bitcoin holders to approach the market with greater patience, rather than seeking short-term profits. His commentary suggests the importance of maintaining a long-term perspective, discouraging reactions to short-term price fluctuations. This approach could potentially curb excessive speculative frenzy in the market, fostering healthier growth. 4. $300M Coinbase Hacker Buys $18.9M in Ether as ETH Surpasses $4,700 The fact that a wallet associated with the Coinbase hacker acquired $18.9 million worth of Ether suggests that even certain malicious actors are attempting to capitalize on market liquidity and upward trends. However, this development cannot entirely dismiss the possibility of funds originating from hacks entering the market, necessitating close monitoring from a security risk perspective. 5. Web3 White Hats Earn Millions, Outpacing Traditional Cybersecurity Salaries of $300K The activities of white hat hackers within the Web3 space indicate increasing investment in strengthening the security of the Decentralized Finance (DeFi) ecosystem. By discovering vulnerabilities and earning rewards, they contribute to enhancing the overall safety of the ecosystem. This can boost credibility in DeFi, potentially driving further investment into related tokens. 6. Tether Launches USAT, Appoints Former Trump Advisor as CEO Tether's launch of a new USD-pegged stablecoin signals an expansion and diversification of the stablecoin market. Notably, issuing the stablecoin in compliance with recently passed US stablecoin legislation demonstrates a cooperative stance with regulators, potentially enhancing the credibility of stablecoins. This move underscores the significance of stablecoins as a bridge between fiat currencies and digital assets. 7. Polymarket Partners with Chainlink to Improve Prediction Market Resolution Accuracy The collaboration between Polymarket, a decentralized prediction market platform, and Chainlink, a major oracle network, aims to enhance the reliability and transparency of data within prediction markets. This partnership enables more accurate predictions and settlements, potentially boosting the adoption of prediction markets. It serves as an example of expanding blockchain technology's real-world applications. 【Overall Summary】 Today's cryptocurrency market maintains a bullish sentiment, supported by sustained inflows into Bitcoin ETFs and forecasts of potential all-time high retests by analysts. Several news items, including security enhancement efforts in Web3 and Tether's new stablecoin launch, signify the growth and maturation of the ecosystem. These factors are expected to continue attracting institutional interest and improving overall market reliability, thereby supporting medium-to-long-term price appreciation.

The overheating of short-term speculative frenzy carries the risk of a sharp price correction, as Arthur Hayes warns. Concerns about the source of funds used by hackers to purchase ETH, and the potential for liquidity release from wallets linked to Coinbase hackers, cannot be ignored. Furthermore, unexpected regulatory tightening or deteriorating macroeconomic conditions could sour overall market sentiment. Holding the recent low of $22 is key to preventing a short-term decline.

Over the next 24-48 hours, consolidation within the current range is likely. Continued inflows into ETFs could potentially lead to a gradual move towards higher prices. On a weekly timeframe, the dominant scenario involves Bitcoin eyeing the CME gap (at $117K) and being driven by expectations of surpassing its all-time high. However, macroeconomic indicators and regulatory news require close monitoring. Key catalysts hinge on sustained ETF inflows and the BTC price's ability to break through significant resistance levels.

Our overall assessment is "cautiously bullish." The sustained substantial inflows into Bitcoin ETFs, persistent institutional demand, and a positive news flow reflecting the maturation of the Web3 ecosystem suggest underlying market resilience and upside potential. While Arthur Hayes's warning serves as a crucial reminder against short-term speculative frenzy, it does not negate the broader long-term uptrend. Technical analysis indicates stability in the current price range, potentially signaling a consolidation phase before the next significant move. As for investment strategy, we recommend cautious accumulation around the current price level (around $25), or buying on a clear break above $26. Our short-term profit target is set at $26, with a mid-term objective of surpassing the All-Time High (ATH). To ensure strict risk management, a stop-loss level should be placed below the $22 mark (e.g., at $21.5) on a clear break. This week's focus will be on ETF inflow trends and whether BTC can break the $26 resistance. We will strategically consider long positions on a breakout above $26, or short-term long positions during any temporary pullbacks towards the $22 area. From a risk management perspective, proper position sizing and strict adherence to stop-loss orders are essential. Constant vigilance regarding macroeconomic indicators and regulatory developments is also necessary. This market holds significant potential for long-term growth. A disciplined approach and strategic perspective can unlock substantial returns within this exciting asset class. While uncertainty is ever-present, we move forward with optimism and steady progress.