Gate Weekly Industry Review: BTC ETF inflow of $2.33 billion, ETH leads strongly, alt season index skyrockets to 73

In the past week (from September 8 to September 14), the crypto market experienced a dual recovery in funds and sentiment. BTC and ETH ETF funds continued to flow in, with expectations for interest rate cuts heating up on a macro level. The activity level of the alts zone significantly increased, and the alt season index climbed to 73. Below is the market overview and outlook for this week brought to you by Gate.

Last Week Market Review

BTC: Building a bottom rebound, ETF funds are steadily flowing in

Capital flows: BTC ETF net inflow reached 2.33 billion USD.

Price trend: Last week, a bottom was formed around $110,000, reaching a high of $116,600.

Market share: temporarily reported at 56.9%, reaching a new low since 2025, reflecting the relative strength of alts.

Macroeconomic Background: After the release of the US CPI, expectations for a rate cut in September have increased, with the market even betting on a possible 50 basis point cut this week.

ETH: Influx of funds, outpacing BTC

Capital flow: ETH ETF net inflow of 640 million USD, of which over 400 million USD flowed in on the day after the CPI was announced.

Price trend: Soared to a high of 4,769 dollars with a weekly peak, the ETH/BTC exchange rate rose to 0.04, with a weekly increase of over 5%.

Market share: temporarily reported at 13.8%, an increase of 0.3% compared to last week.

Technical Analysis: Approximately 7% down from the historical high in August, the market is awaiting the FOMC interest rate decision on September 18.

Alts: Local Outbreak, Lack of Unified Narrative

Highlight coins:

MYX: Soared several times within the week, attracting the attention of the entire crypto market.

PUMP: Has rebounded over 400% since the low point at the end of August and reached a new historical high.

Overall sentiment: The alt season index reports 73, indicating that the market is in an active period for alts, but lacks a unified driving narrative.

Important Events Preview This Week (9.15-9.21)

Macroeconomic Events

September 16-17: Federal Reserve interest rate meeting, the market expects to see the first rate cut since December of last year.

September 18, 02:00 (Beijing Time): FOMC announces interest rate decision and economic projections summary.

September 18 02:30: Powell holds a monetary policy press conference.

Project and Token Unlock

Arbitrum (ARB): Unlocking 92.65 million coins (accounting for 2.03% of the circulation) on September 16 at 21:00, approximately 49.2 million USD.

Aster (ASTER): Token Generation Event (TGE) on September 17, airdropping 7.04 million ASTER to eligible users.

LayerZero (ZRO): 25.71 million coins will be unlocked on September 20 at 19:00 (accounting for 8.53% of the circulating supply, approximately 52.5 million USD).

Optimism (OP): 116 million coins will be unlocked on September 21 at 08:00 (accounting for 6.89% of the circulating supply, approximately 93.4 million USD).

Gate Analyst View

BTC: Continued inflow of funds into ETF and expectations of interest rate cuts support the price, but attention needs to be paid to selling pressure above $116,000.

ETH: With strong capital support, the short-term trend may continue to outperform BTC, but caution is needed as volatility may increase after the FOMC announcement.

Altcoins: Capital sentiment leans towards high-risk assets, with many short-term opportunities, but lacking a unified theme, caution is needed for rapid pullbacks.

Conclusion

Last week, the crypto market performed positively under the influence of macro benefits and capital inflows, with continuous inflows into BTC and ETH ETFs, and an increase in the activity of alts. This week, the Federal Reserve's interest rate decision and several token unlock events will become the core driving factors for market volatility, and investors need to closely monitor macro policies and on-chain capital movements.