Binance Research September Market Insight Report: Funds are flowing to altcoins, and the impact of interest rate cuts on price trends is becoming more complex

Binance Research releases its September 2025 Market Insights Report. The report said the total market value of cryptocurrencies fell slightly by 1.7% in August, mainly affected by a higher-than-expected producer price index (PPI) report. Bitcoin's market share fell to about 57.3%, while Ethereum's share rose to more than 14.2%, reflecting the rotation of funds towards altcoins amid the market's expectations that the Fed may cut interest rates. In addition, enterprises continue to increase their holdings in Ethereum, currently holding approximately 4.44 million ETH (about 3.67% of the supply). From a historical perspective, the market may also weaken in September due to investors' profit settlement. Meanwhile, although interest rate cuts are usually seen as a favorable factor for Bitcoin, historical data show that the two are weaker and have a large volatility. The relationship today is more complex and is affected by the joint influence of institutional and market factors. Since the market often takes into account the expectation of interest rate cuts in advance, Bitcoin prices have partially reflected this, so simply linking interest rate cuts directly to price increases is not accurate. The key lies in the difference between the Fed's actual actions and market expectations, as well as the economic environment at that time.