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Door Remote - 23 Sep 2026
The bullish breadth is consistent with a constructive outlook among analysts, who are anticipating more market gains ahead as institutional capital flows in through ETFs.
"Sustained momentum across majors and select altcoins has catalyzed growing interest in covered call writing among investors who held through the bear market and are now targeting attractive yields at profitable exit levels,” Dick Lo, founder and CEO of quant-driven trading firm TDX Strategies said in a market note.
“Technically, the $90k psychological level remains the immediate test, with the 2026 high of $97.9k standing as the intermediate target," Lo added.
Some are a bit more cautious. Trace Finance's CEO and Co-Founder Bernardo Brites noted that capital if flowing in mainly through ETFs and not stablecoins, which makes the market more vulnerable to pullbacks. Trace Finance is a regulated stablecoin infrastructure company, which has reportedly processed $10 billion cross-border volume.
"If ETF demand holds and stablecoin supply starts growing again, the rally has a solid base. If ETFs remain the only engine, the move is vulnerable, and Bitcoin could give back a good part of these gains as positioning normalizes," Brites said. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."
"Sustained momentum across majors and select altcoins has catalyzed growing interest in covered call writing among investors who held through the bear market and are now targeting attractive yields at profitable exit levels,” Dick Lo, founder and CEO of quant-driven trading firm TDX Strategies said in a market note.
“Technically, the $90k psychological level remains the immediate test, with the 2026 high of $97.9k standing as the intermediate target," Lo added.
Some are a bit more cautious. Trace Finance's CEO and Co-Founder Bernardo Brites noted that capital if flowing in mainly through ETFs and not stablecoins, which makes the market more vulnerable to pullbacks. Trace Finance is a regulated stablecoin infrastructure company, which has reportedly processed $10 billion cross-border volume.
"If ETF demand holds and stablecoin supply starts growing again, the rally has a solid base. If ETFs remain the only engine, the move is vulnerable, and Bitcoin could give back a good part of these gains as positioning normalizes," Brites said. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."