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- Long-term holders accumulated over 3,800 BTC in the past month ahead of the crypto market rally this week.
- Ethereum (ETH) reclaimed the $4,250 support and now targets $4,500–$4,750, while Solana (SOL) and Dogecoin (DOGE) also posted significant recoveries.
The broader crypto market has rallied significantly since the US government shutdown on October 1, adding more than $176 billion, while surging past the $4 trillion threshold once again.
Bitcoin (BTC) has led the market with 3.4% gains, surpassing $118,500 today, as market analysts expect a further rally to all-time highs.
BTC Leads Crypto Market Gains, Eyeing a Move to All-Time High
Bitcoin price has staged a strong rebound from the lows of under $110,000 on the weekly chart, shooting past the resistance of $118,000. Besides, the daily trading volume for BTC has also jumped 36% to more than $76 billion, hinting at strong investor sentiment.
Furthermore, Coinglass data shows that the BTC futures open interest has surged 6% to more than $86 billion.
Crypto analyst Ali Martinez highlighted renewed accumulation by long-term Bitcoin (BTC) holders. He noted that more than 3,800 BTC have been purchased over the past month. Martinez pointed out that the $117,000 level remains a major supply wall for Bitcoin.
Once breached, he added, resistance above this level thins out considerably, potentially paving the way for stronger upside momentum.
Long-term holders are accumulating. Over 3,800 Bitcoin $BTC bought in the past month. pic.twitter.com/Ap3qG8SRA9
— Ali (@ali_charts) October 2, 2025
Crypto analyst CrediBULL Crypto commented on Bitcoin’s latest surge, stating uncertainty on whether the market will face a pullback or continue higher. He noted, however, that the current rebound from recent lows marks the most aggressive upside move since Bitcoin’s impulsive rally from the $105,000 level.
As shown in the image below, the BTC chart is showing a higher low formation, which is overall a bullish indicator.
Blockchain analytics firm CryptoQuant also noted that the current bull cycle is advancing at a measured pace, with no indications of an imminent reversal. Instead, analysts suggest that a strong upward move could be approaching in the near term, as reported by CNF.
ETH, SOL, DOGE Lead the Altcoins Market Rally
Along with the Bitcoin price upside, altcoins have equally contributed to the rally. Ethereum (ETH) has bounced back by more than 15% from its weekly lows and is currently trading around the $4,400 level.
Crypto analyst Ted Pillows reported that Ethereum (ETH) has successfully regained the $4,250 support level, signaling renewed bullish momentum. The next key resistance zones are at $4,500 and $4,750, which could pave the way toward a new all-time high if broken.
However, Pillows cautioned that if ETH fails to hold above $4,250, the price could retreat toward the $4,000 level.
On the other hand, other altcoins like Solana (SOL) and Dogecoin (DOGE) have also staged a strong bounce back, contributing to the overall market rally.
