**[QCP: "September Effect" Drags the Market, Year-End Optimism Remains]** BlockBeats News, September 25 – QCP released its daily market commentary, stating that as September draws to a close, the cryptocurrency market remains under pressure. U.S. equities saw a sharp decline overnight, but Chinese stocks performed relatively well, outperforming the broader market against the trend. Bitcoin is currently barely holding the $111,700 support level, while Ethereum has fallen below the $4,100 mark it had maintained since early August. If prices break further downward, recent lows may be tested again. The next levels to watch are $107,000 for BTC and $3,300 for ETH. Despite the market sell-off, there are almost no signs of weakening institutional demand. The Bitcoin spot ETF attracted $241 million in inflows overnight, ending two consecutive days of outflows. Signs of dip-buying remain evident, with $118,000 BTC call options for October dominating the day’s options trading activity. As the fourth quarter approaches (historically a more positive period), market optimism remains, supported by a looser credit environment. The market currently expects two 25-basis-point rate cuts in October and December. Unless next week’s non-farm payroll data is unexpectedly strong, this expectation is likely to persist.