Key highlights today center on institutional inflows driven by the expansion of the derivatives market, accelerated national adoption of Bitcoin, and the role of BTC in the AI era. The overall market bias is neutral, yet the fundamentals exhibit bullish signs.

Here is the professional English translation of the fundamental analysis section: Fundamental Analysis: Key Cryptocurrency Market News and Bitcoin (BTC) Price Impact Analysis as of September 28, 2025 * Bitcoin Poised for $10 Trillion Market Cap Driven by Expanding Options & Derivatives Market: Analyst Prediction Market analyst James Van Straten predicts that derivatives products, such as options contracts, will drive the Bitcoin market, pushing its market capitalization to at least $10 trillion. Derivatives attract institutional investors and serve to hedge against the inherent volatility characteristic of digital assets. This is considered a strong catalyst for increased institutional participation, potentially leading to BTC price stabilization and supporting a long-term upward trend. Notably, the rising open interest in Bitcoin futures and options within regulated markets like the Chicago Mercantile Exchange (CME) corroborates this trend. * Singapore and UAE Lead as "Most Crypto-Enthusiastic" Nations: Report According to a recent report by ApeX Protocol, Singapore and the United Arab Emirates (UAE) have emerged as the countries with the highest level of cryptocurrency interest globally. Singapore leads in search activity and crypto ownership, with 24.4% of its population holding digital assets. The UAE follows closely behind. These findings suggest active retail investor engagement and a positive regulatory stance towards cryptocurrencies in these regions, potentially contributing to localized market growth and increased BTC interest. * Cathie Wood Compares Hyperliquid to Early Solana: "New Kid on the Block" Cathie Wood, CEO of ARK Invest, has described Hyperliquid, a derivatives trading platform, as a promising "new kid on the block" with potential akin to early-stage Solana. Given that ARK Invest currently holds Bitcoin, Ethereum, and Solana, Wood's commentary suggests growing interest in nascent platforms and their underlying technologies, drawing parallels from Solana's past success. This could potentially drive capital inflows not only to Solana but also to its ecosystem and similar innovative projects. * Samson Mow Predicts National Bitcoin Adoption Entering "Sudden" Phase Soon Samson Mow, founder of Jan3, points out that numerous countries are moving beyond initial skepticism and preparing to accelerate Bitcoin adoption. He anticipates a transition from a "gradual" phase to a "sudden" one, suggesting the rapid implementation of strategic Bitcoin reserves at the national level. Sovereign BTC acquisitions signify substantial capital inflows into the market, potentially boosting Bitcoin's scarcity and legitimacy, thereby exerting an extremely positive influence on its price. * Option Expiries Emerge as Underlying Factor in Bitcoin and Ethereum Price Movements Option expiries can create volatility as traders close positions to realize profits, cut losses, or adjust large BTC and ETH contract holdings. The put-call ratio indicates market sentiment, while the max pain theory suggests that prices tend to converge towards the point where the maximum number of contracts expire worthless, potentially amplifying manipulation risks. While volatility around option expiries can act as a short-term catalyst, longer-term price formation is influenced by market participants' risk management strategies and the resultant shifts in liquidity. * Bitcoin Becoming Just One Entry Point for Retail into Crypto: CoinGecko Survey A recent survey by data aggregator CoinGecko indicates that only 55% of new cryptocurrency owners start their portfolio with Bitcoin, a trend analysts view as a sign of market maturation. While Bitcoin remains a primary entry point, this suggests growing interest in altcoins and other sectors within the digital asset space. Market maturation could encourage participation from a more diverse investor base, contributing to the overall expansion of the cryptocurrency market. * Stocks vs. Bitcoin in the AI Era: Which Will Survive the Next 50 Years? In the AI era, traditional equities may need to adapt rapidly to shifts in technological and economic demand to overcome AI's disruptive potential. Emerging fields driven by AI, such as robotics, biotechnology, and space exploration, are expected to lead growth, and stocks reflecting these sectors are more likely to navigate innovation disruption. As AI reshapes labor markets, adaptability to new technologies will be crucial in the coming years. Bitcoin's future hinges on its ability to prove its "true" value proposition. This discussion frames a long-term perspective on whether Bitcoin can solidify its position as digital gold and maintain or enhance its value amidst the AI revolution, with regulatory responses and technological innovation being key determinants. Overall Summary: The expansion of the options and derivatives market, alongside accelerating Bitcoin adoption by certain nations, holds the potential to positively impact the market through increased institutional inflows and enhanced BTC scarcity. Concurrently, the evolving role of Bitcoin in the AI era and growing interest in altcoins signal market diversification and maturation, presenting key factors for future price formation. Overall, the market faces technological innovation and macroeconomic shifts, navigating a landscape marked by a mixture of new growth opportunities and inherent risks.

Downside risks include uncertainty regarding BTC's long-term role in the AI era and potential short-term volatility amplification associated with option expiries. A key support level lies near the recent low of approximately $20. A break below this level could accelerate further declines. Continued attention should be paid to regulatory developments, macroeconomic indicators, and shifts in institutional investor sentiment.

The outlook for the next 24-48 hours indicates continued consolidation within a range-bound market, reflecting technical neutrality. While temporary volatility may arise due to options expiration, significant directional shifts are likely to remain limited. In the medium term (1 week), positive fundamental factors, such as national adoption and the growth of the derivatives market, could gradually drive prices higher. Key catalysts to monitor include the materialization of sovereign BTC purchases, clear signals of institutional capital inflow, and advancements in AI-related technologies.

Technically, the market is consolidating within a neutral range of $20-$23. However, fundamental factors such as expanding derivatives markets and anticipated national adoption suggest potential medium-to-long term upside for BTC, solidifying its role as "digital gold" in the AI era. The strategy is a "range breakout." Consider entries on a pullback after a confirmed break above $23, or upon confirmation of support holding at $20. Take-profit targets are set at $25 and $28. To limit risk, implement stop-loss orders below $19 if the $20 support level breaks decisively. This week's focus should be on the price action around the $20 and $23 levels, as well as any relevant news developments. Professional investors should utilize calm judgment and disciplined execution to capture opportunities and secure future returns.