Bitcoin pushed above $114,000 on Monday, showing that bulls are still stepping in with strong buying interest. Even so, BTC remains trapped in a sideways range, and traders are split on where it goes next. Some see this as the early signs of a bigger correction, while others believe the market is setting up for a rally toward fresh all-time highs. The uncertainty is clear in flows: Bitcoin ETPs saw $719 million in net outflows last week, according to CoinShares, while Ether products lost $409 million. Solana, however, bucked the trend, attracting $291 million in inflows. Looking ahead, traders are turning their eyes to October, a month that has historically delivered strong gains BTC has averaged a 21.89% rise in October since 2013, according to CoinGlass. Bitcoin network economist Timothy Peterson also noted that BTC’s bull phase, which he tracks from October 11 to June 11, could give the asset a 50% chance of hitting $200,000 by June 2026.
On the adoption front, Kazakhstan has rolled out a state-backed crypto reserve in partnership with Binance. The new fund, named Alem Crypto Fund, has seeded its portfolio with BNB, Binance’s native token, though the size of the purchase wasn’t disclosed. Managed by Qazaqstan Venture Group under the Astana International Financial Centre, the fund’s goal is to build long-term digital reserves and expand the country’s presence in crypto. This move follows hot on the heels of Kazakhstan’s launch of its tenge-backed stablecoin, KZTE, on Solana, in collaboration with Mastercard, Intebix, and Eurasian Bank. The government’s deepening partnership with Binance goes back to 2022, when CZ signed an agreement to support crypto regulation in the country.
Meanwhile, Poland is tightening its grip on crypto. Lawmakers in the Sejm approved the Crypto-Asset Market Act, a bill designed to bring the country in line with Europe’s MiCA framework. The law introduces a licensing regime for all crypto asset service providers — from exchanges to custody firms whether domestic or foreign. Companies will need KNF approval, Poland’s financial supervision authority, to operate. The rules also pack a punch, with penalties of up to 10 million zlotys ($2.8 million) in fines and possible prison time of up to two years for violations. The stricter stance has triggered heavy debate within the local crypto community, as some argue it could stifle innovation.
In the altcoin space, Hyperliquid’s early adopters scored big this week with the long-awaited airdrop of the Hypurr NFT collection. The hype was well worth it — floor prices are holding around 1,458 HYPE ($68,700) on OpenSea, with rare items already selling for far more. The standout was Hypurr #21, featuring “Knight Ghost Armor” and “Knight Helm Ghost” traits, which sold for a staggering 9,999 HYPE ($467,000). The launch cements Hyperliquid’s growing presence, with its ecosystem rewarding early believers in serious style.
From a trader’s perspective, Bitcoin looks set to continue consolidating between $110,000 and $117,500 in the near term, with bulls needing a clean breakout above resistance to fuel a push toward $124,500. Ether is sitting at a critical level, with $4,400 acting as the short-term pivot; a bounce could reignite momentum, but a breakdown risks sliding to $4,060. Solana, on the other hand, continues to show strength thanks to fresh institutional inflows, and traders will be watching whether that momentum carries it into the $150–$160 zone in the weeks ahead.
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