EtherX - Latest Crypto News & Updates
Bitcoin (BTC) remained resilient at $111,000–$113,000 on Thursday as market players prepared for the volatile final days of September. While there has been general weakness in the broader crypto markets, the leading currency has been able to maintain its important levels of support, although experts have cautioned that short-term risk is higher.
The global cryptocurrency market shed about 2.2% in the last 24 hours, weighed down by profit-taking and nerves ahead of major U.S. economic data releases. Today's release of the Personal Consumption Expenditures (PCE) inflation figure is closely followed by traders keen to see if it will have an effect on Federal Reserve policy and trickle down to risk assets such as Bitcoin.
$1.5 Billion in Liquidations Rock Derivatives Market
Derivatives trading has dominated the price action of Bitcoin over the past week. More importantly, over $1.5 billion of crypto positions were liquidated in a single session that hit over 400,000 traders. They were primarily long positions that were ambushed by sudden price declines.
Perpetual futures contracts, or "perps," today represent about 70% of the size of Bitcoin trading in 2025. Though these products provide leverage and convenience, they do increase the probability of sudden price swings, as witnessed in recent history.
Institutional Moves Add Support
In spite of near-term uncertainty, institutional investment continues to provide sponsorship for Bitcoin. This past week, Strive Asset Management, backed by former U.S. presidential candidate Vivek Ramaswamy, reported a $1.34 billion purchase of Semler Scientific. According to the agreement terms, the merged entity will hold more than 10,900 BTC, which is valued at greater than $1.2 billion at current prices. Such huge corporate holdings underscore Bitcoin's increasing status as a strategic treasury asset.
Simultaneously, inflows into Bitcoin exchange-traded funds (ETFs) are small but consistent. Though the daily flows have become spotty, the overall direction remains one of institutional construction.
Outlook: Rangebound but Volatile
The analysts are anticipating Bitcoin to be range-bound between $108,000 and $115,000 until the twin drivers of the PCE report and a behemoth options expiry event (~$20–$25 billion notional) materialize over the next few days. A breakout above could take BTC up to $120,000, with a breakdown below $108,000 having the $100,000–$105,000 levels involved.
In the meantime, the short-term destiny of Bitcoin will mostly depend on macroeconomic news as well as the capacity of institutions to soak up selling pressure on derivatives unwind. Investors should be cautious because volatility will continue until the end of the month.