Bitcoin’s market dynamics have recently come into sharper focus as exchange-traded funds (ETFs) tracking the cryptocurrency have recorded an impressive six consecutive days of inflows, totaling $2 billion. This surge in investment has raised discussions among traders about the potential for Bitcoin’s price to approach resistance levels around $118,000.
As of the latest trading data, Bitcoin priced at approximately $115,300 amid a balancing act between bullish momentum and bearish pressures. The cryptocurrency experienced a respectable 9% rally from a September 1 low of $107,270, but this upward trajectory appeared to stall as it approached the critical resistance zone around $118,000.
Michael van de Poppe, founder of MN Capital, noted the significance of this resistance level, indicating that “Bitcoin is still nicely consolidating,” and emphasizing that the key resistance lies at $117,500. van de Poppe stated that if this level were to give way, it could pave the way for Bitcoin to explore new all-time highs.
Analysts are now adopting a cautious approach, awaiting insights from the upcoming Federal Open Market Committee (FOMC) meeting. According to market analyst AlphaBTC, there is potential for Bitcoin to test the $118,000 mark within the next 24 hours, especially ahead of the anticipated FOMC rate decision. However, AlphaBTC cautioned that the market may witness a pullback following the decision, suggesting that traders remain alert to market fluctuations.
The liquidation heatmap for BTC/USDT shows a considerable concentration of liquidations near the $118,000 mark, which points to it serving as not just a resistance level but also a possible liquidity magnet. AlphaBTC remarked on social media that “this area looks really juicy from a liquidity point of view,” indicating that traders may see a potential spike towards this resistance before any subsequent retreat.
Despite the volatility, persistent inflows into spot Bitcoin ETFs have generated a bullish sentiment. Data reveals that these ETFs have had an influx exceeding 5,900 BTC on September 10, marking the highest daily inflow since mid-July. This trend has garnered attention from market intelligence firm Glassnode, which highlighted an overall positive shift in weekly net flows attributed to heightened ETF demand.
Looking at broader trends, strategic reserves and Bitcoin ETF holdings have seen an increase of 30% in 2025, with combined reserves now amounting to approximately 2.88 million BTC as of this week. This consolidation reflects a steady accumulation of Bitcoin by major institutions, further contributing to market stability and potential price appreciation as institutional trader interest remains robust.
In addition to ETFs, Bitcoin also dominated capital inflow among exchange-traded products (ETPs), attracting a total of $2.4 billion last week, underscoring strong institutional appetite for the cryptocurrency.
As Bitcoin navigates through ongoing resistance while grappling with institutional support, market participants are keenly observing the interplay between ETF inflows, price levels, and upcoming economic indicators that may shape the short-term trajectory of this leading digital asset.
This article is for informational purposes only and does not constitute investment advice. Readers should undertake their own research and analysis before making any investment decisions.
