Key Insights:
- Bitcoin ETFs add $947 million in two days, fueling renewed institutional demand and price strength.
- Price holds above $114,000 with traders targeting $118K–$119K liquidity cluster as the next breakout zone.
- Support remains near $107K–$108K, but sustained ETF inflows could drive Bitcoin toward new highs soon.
Bitcoin (BTC)moved past $114,000 after a surge of buying through spot exchange-traded funds. Data shows ETFs brought in $518 million on September 29 and another $429.9 million on September 30, totaling $947.9 million in just two days. This was the strongest back-to-back inflow streak in September.
Fidelity, BlackRock, Bitwise, and Ark were the main drivers. Fidelity recorded $298.7 million on September 29 and $54.7 million on September 30. BlackRock added $199.4 million, while Bitwise and Ark also posted notable gains. These flows reversed earlier outflows seen in mid-September, pointing to renewed institutional activity.
Bitcoin Price Above $114K
Bitcoin is currently priced at $114,381, with a daily trading volume of $53.3 billion. The asset has increased 0.39% in the last 24 hours and 2% over the past week. The move above $114,000 followed a period of sideways action, where the price briefly dipped close to $107,000 in September.
Commenting on the recent buying,
market watcher Cas Abbé stated,
The strong flows have been linked directly to the rebound in price, showing the influence of ETF demand.
Key Liquidity Levels
Liquidity data indicates that $118,000–$119,000 is the next major zone to watch. This area contains a large cluster of orders and matches a region where heavy trading took place in earlier sessions. A clean move above this range would suggest a shift out of the current consolidation phase.
Support remains between $107,000–$108,000, the same zone that held in August and September.
Analyst Daan Crypto Trades noted,
Source: Daan Crypto/XOctober Outlook
ETF demand has re-emerged as a major factor for Bitcoin’s momentum. Nearly $1 billion of inflows in two sessions has added strength to the market, giving bulls a stronger base heading into October.
If Bitcoin clears the $118K–$119K liquidity cluster, traders will be watching for further continuation and a possible move toward new highs. For now, Bitcoin is holding above $114,000 with momentum shifting back in favor of buyers.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/btc-breaks-114k-etfs-fuel-massive-rally/
