Bitcoin has been trading in an "accumulation zone" between $24,756 and $31,818 since March 2023. During this time, short-term holders have sold their positions while long-term holders have increased their share of Bitcoin's limited supply. According to a Glassnode chart shared by Will Clemente, three out of every four Bitcoins in circulation are now held by long-term holders, which is the highest percentage ever recorded. Long-term holders are defined as crypto wallet addresses that have held Bitcoin UTXOs for longer than 155 days and are less likely to spend their coins. As the demand for BTC increases and fewer investors are willing to sell their coins, the price of Bitcoin has risen to over $27,000.

According to data released by Unchained, approximately 70% of Bitcoin has not moved in the past 365 days. Historically, when investor enthusiasm for Bitcoin trading disappears, the Bitcoin bear market will end, leaving only strong holders, and prices will slowly rise from recent lows. Bitcoin has risen 73% from its 2022 low.

Swan, a Bitcoin financial services company, has hired former NBA champion Matthew "Delly" Dellavedova as its vice president of business development. Dellavedova's role will be part-time to start with, as he is currently contracted to play with Melbourne United. He plans to work with Australian super funds to get them to allocate a percentage of assets to Bitcoin, and also wants to push Bitcoin onto the radar of college athletes and their money managers. Swan previously partnered with the Amateur Athletic Union to create the first Bitcoin Basketball program.

Data released by Santiment shows that the trading volume of Bitcoin (measured in USD) is currently at its lowest level since March 2019. This decline coincides with a drop in the supply of Bitcoin on exchanges from its peak almost three years ago.

According to a study by Pantera Capital, 97% of people in the crypto industry are paid in government-issued currencies, while only 3% are paid in crypto. Of those who receive crypto payments, the majority opt for dollar-linked stablecoins USDC and USDT, with only 13% choosing bitcoin. The median pay for engineers in the industry is $120,000 globally, with those in North America earning $193,000. Additionally, 88% of roles in the crypto industry are remote, and one in five respondents reported receiving token incentives.

After a period of choppy trading, the cryptocurrency market is showing signs of bouncing back as investors regain confidence. However, macroeconomic factors and regulatory hurdles have subdued traders' risk appetite, wiping out initial gains from last week. The fear and greed index for the crypto market is still in the fear zone at 39.

The inventor of Bitcoin Ordinals has proposed a new fungible token protocol called Runes as an alternative to the BRC-20 standard, which has a market cap of $1 billion. The issue with BRC-20 tokens is that they create "junk" Unspent Transaction Outputs (UTXOs) that spam the Bitcoin network. Runes employs a UTXO-based system that fits more naturally into Bitcoin and promotes UTXO set minimization.

Bitcoin and the S&P 500 are both expected to end the third quarter with losses, as a key metric shows that owning bonds over stocks and other risk assets is currently the strongest it has been since 2009. Bitcoin has seen a 14% decline for the quarter, trading at $26,100, while the S&P 500 has fallen nearly 3% to $4,320.05.

China's Evergrande Group, a major real estate company, announced its restructuring plans, causing anxiety in the Asian market and resulting in a 24% drop in early Monday trading. Bitcoin has been relatively stable over the past week, with a slight drop in price to $26,106 and a market cap of $508 billion.

According to OKX market information on September 25th, Bitcoin briefly fell to around $26,000 and is now priced at $26,017. The 24-hour drop was 1.87%.