Bitcoin News Today: Bitcoin's $110K Standoff: ETFs, Institutions, and Profit-Takers Clash

Bitcoin (BTC-USD) remains near $110,751 amid a delicate balance between ETF inflows, institutional accumulation, and profit-taking by long-term holders. While markets are pricing in a 90% probability of a 25-basis-point rate cut by the Federal Reserve in September, with a 12% chance of a 50-basis-point cut, Bitcoin has failed to respond strongly to the bullish macroeconomic signals, staying below $112,000. The cryptocurrency’s price movement reflects a broader tug-of-war between structural demand and short-term volatility.

ETF flows have diverged among providers, with BlackRock’s IBIT capturing $238 million in a single day and managing over $70 billion in assets, while Fidelity’s FBTC and Ark Invest’s ARKB saw outflows totaling $242 million. Despite mixed flows, on-chain data reveals that institutions are pulling Bitcoin from exchanges at four times the rate of new supply, signaling sustained accumulation. This trend is reinforced by corporate treasuries, which now hold over 840,000 BTC, with Strategy (formerly MicroStrategy) holding the largest stake at 636,505 BTC.

Long-term holders realized $2.46 billion in profits on September 5, with over 10,000 BTC sold from wallets holding the asset for 2–5 years. This wave of profit-taking is historically linked to short-term volatility, though it often clears the way for a new price leg higher. The recent selling pressure has coincided with bearish technical developments, including a failed breakout above $113,400 and a breakdown below the neckline of a double-top formation on the daily chart. Prices are now testing support near $108,770 and the 50-day simple moving average at $110,021.

Macro tailwinds from the weak August U.S. nonfarm payrolls report—adding only 22,000 jobs—pushed Treasury yields lower and the dollar index down by 0.7%. The dollar’s weakness and the Fed’s dovish pivot have historically supported crypto rallies, particularly when combined with falling real yields. However, analysts note that the expected rate cuts may not be enough to drive Bitcoin toward $120,000. In fact, despite growing expectations of monetary easing, Treasury yields have shown limited downside, and there is a risk of a rebound if inflation remains sticky or fiscal spending pressures rise.

Technical indicators remain mixed. The 4-hour chart shows an ascending triangle formation, with resistance at $113,400 and support near $108,770. The RSI is at 50, indicating consolidation rather than a strong directional move. On a weekly basis, Bitcoin remains within a rising channel, with next resistance near $134,500 and Fibonacci projections pointing toward $171,000 and $231,000 in the long term. However, skepticism persists among traders, with nearly 70% expecting BTC to retest $105,000 before advancing further. Analysts remain divided between historical cycle optimists and those highlighting structural changes brought by ETFs, treasury strategies, and institutional derivatives.

While Bitcoin ETF inflows have driven demand, they have also triggered rotations into altcoins. APT has shown potential for growth, consolidating near $4.68–$5.15, while JUP continues to lead DeFi activity on Solana. Institutional adoption appears to be reshaping the broader digital asset landscape, with speculative projects also gaining attention. Despite these dynamics, Bitcoin’s near-term path remains uncertain, with macroeconomic data and Fed policy decisions likely to play a decisive role in the coming weeks.

Source: [1] 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) [2] Bitcoin hovers near $111,000 on mounting Fed rate cut bets and ETF inflows (https://www.economies.com/crypto/news/bitcoin-hovers-near-$111,000-on-mounting-fed-rate-cut-bets,-etfs-inflows-47253) [3] Bitcoin (BTC) Doesn't Cheer Fed Cut Bets. What Next? (https://www.coindesk.com/markets/2025/09/06/bitcoin-doesn-t-cheer-fed-cut-bets-what-next)