The probability of BTC hitting $87500 in September on Polymarket drops to 22%, and the probability of hitting $90000 drops to 7%

[CryptoQuant: Adjusted MVRV Indicator Shows Bitcoin Has Entered Bull Market Phase] CryptoQuant analyst Axel Adler Jr. stated that the 30-day moving average to 365-day moving average ratio of the adjusted MVRV crossed above the 365-day moving average on August 20, signaling Bitcoin's entry into the early bull market phase, with the price at $71,255 at the time. On September 20, the ratio broke above the 1.0 benchmark line, marking Bitcoin's entry into the bull market phase at a price of $80,691. Currently, the ratio stands at 1.018, with Bitcoin priced at $84,156. As long as the ratio remains above 1.0, the bullish structure will remain intact. Since 2012, this is the sixth occurrence of a transition from the early bull market phase to the bull market phase.

Address 0x13da... 08be cleared 282700 SOL multiple orders, with a closing amount of $34.03 million and a profit of $4.4082 million. The address opened a position at an average price of $104.79 from August 30th to 31st, and closed it at an average price of $120.39 today.

Solana consensus upgrade Alpenglow has completed the switch on Testnet and Devnet on September 24th and 25th respectively, aiming to reduce the final confirmation time from about 12.8 seconds to about 150 milliseconds. This upgrade allows validators to directly exchange votes instead of writing them as transactions into blocks, enabling consensus to be completed within one to two rounds of voting. Solana Foundation reminds that after the upgrade, the transaction statistics including validator voting may decrease, but user payments and transaction volume may not necessarily decrease. Applications that simply send transactions and read account balances do not need to be migrated. The simulation target is 150 milliseconds, which has not yet been verified in a real mainnet environment. Wallet processing and exchange recharge confirmation may still increase waiting time. (Source: CoinDesk)

The probability of BTC hitting $87500 in the remaining period of September on Polymarket has dropped to 22%, with a 9% drop in 24 hours; The probability of reaching $90000 has dropped to 7%, with a decrease of 6% within 24 hours. The market is settled based on the 1-minute candlestick of the Binance BTC/USDT trading pair. If the highest price of any 1-minute candlestick reaches or exceeds the target price within a specified month, the market settlement is Yes, otherwise it is No.

Alpenglow is running on both public test networks, giving application teams a place to check their software before the live blockchain switches.