Bitcoin Retreats, Ethereum Tests $4K Support - Sept 23 Update

Bitcoin slips near $113K with rising volume, Ethereum falls below $4.3K testing $4K support, Solana and XRP also slide on mixed market signals, September 23, 2025.

Bitcoin Pulls Back Near $113K; Ethereum Tests Key Support — September 23, 2025, 9:25 AM IST

Tuesday's market session opens with Bitcoin retracing modestly as volume surges sharply, while Ethereum breaks below $4,300, approaching key $4,000 support levels:

  • Bitcoin (BTC) decreases 1.86% to US$113,000 on a strong volume increase (+152.4%) to US$879.94M. Funding rate remains neutral at 0%, showing no leverage pressure despite price slip.
  • Ethereum (ETH) declines 2.56% to US$4,200, with volume jumping by 167.6% to US$797.72M. Support near the $4,000 zone is now crucial as recent ETF inflows clash with heavier spot outflows.
  • Solana (SOL) retreats 6.36% to US$217.81, but volume surges 284.5% to US$440.71M. Funding at 0.46% signals tentative speculative activity amid heightened volatility.
  • Avantis (AVNT) corrects sharply, dropping 24.03% to US$1.81 with volume declining 31.36% to US$382.12M, and the funding rate climbing to 0.55%, reflecting leveraged selling pressure.
  • XRP slides 1.01% to US$2.87 despite a strong volume uplift (+109.8%) to US$272.38M. The funding rate climbs to 0.7%, indicating cautious long positions amid recent volatility.

Market Insights

  • Ethereum faces a crucial support test at $4,000, with ETF inflows battling spot sell-offs creating volatile conditions.
  • Bitcoin’s volume jump signals active trading despite the pullback, suggesting potential for a base formation around $112–$114K levels.
  • Solana and XRP show mixed signals, with volume surges amid price declines indicating ongoing repositioning.
  • Avantis volatility increases as traders adjust positions following recent gains.

LuwakTech’s analytics deliver live insights on volume spikes, funding device trends, and price action—helping traders navigate uncertain waters effectively.