Bitcoin News Today: Bitcoin's Institutional Grasp Tests $110K as Fed Watch Intensifies

Bitcoin’s price movement remains under the microscope as macroeconomic events, including weak U.S. labor data and mixed ETF flows, influence market sentiment this week. U.S. initial jobless claims rose to 237,000 in the week ending August 30, the highest since June, signaling a cooling labor market. This data has reinforced expectations for a Federal Reserve rate cut in September, with markets currently pricing in a 25 basis point reduction. A weaker dollar and falling real yields have historically supported crypto rallies, and Bitcoin briefly surged above $113,200 following the release of the nonfarm payrolls report, which showed only 22,000 new jobs added in August—far below the 75,000 forecast—while unemployment climbed to 4.3% [1].

Bitcoin’s price remains near $110,751, held in a tight range between $108,770 and $113,400 as institutional ETF inflows and profit-taking by long-term holders create a tug-of-war. Exchange-traded funds saw $1.3 billion in net inflows this week, led by BlackRock’s IBIT, which now holds over $70 billion in assets. However, not all ETFs performed equally—Fidelity’s FBTC and Ark Invest’s ARKB saw outflows, while Bitwise’s BITB lost $66 million. Despite these divergences, on-chain data shows Bitcoin being withdrawn from exchanges at four times the pace of new mined coins, indicating continued institutional accumulation [3].

Long-term holders have realized $2.46 billion in profits in a single day, with nearly 10,000 BTC sold from wallets holding between 2–5 years. Analysts suggest this activity often precedes short-term volatility but may also clear overhead supply for further gains. Meanwhile, corporate treasuries now hold over 840,000 BTC, with MicroStrategy maintaining the largest position, underlining Bitcoin’s growing role as a reserve asset for U.S. firms [3].

The debate over Bitcoin’s price trajectory has intensified, particularly around whether the fourth quarter of 2025 will mark a peak. Some analysts argue that historical trends—such as Bitcoin hitting a cycle low in July of post-election years—suggest a strong Q4 rally. However, others, like PlanC, caution that relying on the three previous halving cycles is statistically unreliable. The structural changes brought by ETFs, corporate treasuries, and institutional derivatives complicate historical models. Despite this, a significant portion of traders (nearly 70%) expect Bitcoin to revisit $105,000 before testing higher levels, reflecting a split between cycle believers and those focused on new dynamics [2].

On the technical front, Bitcoin is forming an ascending triangle on the 4-hour chart, with key resistance at $113,400 and support near $108,770. An upward breakout could target $115,400 and $117,150, while the weekly chart shows the price still within a rising channel. Analysts project extended upside targets at $171,000 and $231,000 if bullish momentum continues. However, the market remains cautious, with many observers waiting for the Fed’s decision and further clarity on labor market conditions before committing to longer-term positions [3].

Source: [1] US Initial Jobless Claims Rise to Highest Level Since June (https://www.bloomberg.com/news/articles/2025-09-04/us-initial-jobless-claims-rise-to-highest-level-since-june) [2] Bitcoin Unlikely To Reach Price Peak In Q4 2025: Analyst (https://cointelegraph.com/news/bitcoin-price-top-2025-debate-continues-halving-cycle-analyst) [3] Bitcoin (BTC-USD) Holds $110K as ETF Flows, Fed Policy, and Profit-Taking Collide (https://www.tradingnews.com/news/bitcoin-price-forecast-holds-110k-usd)