Glassnode: Profit-Taking And ETF Slowdown Cap Bitcoin Momentum, $114,000 Seen As Key Level

by
Alisa Davidson

Printed: September 12, 2025 at 10:51 am Up to date: September 12, 2025 at 10:51 am

by Ana

Edited and fact-checked:
September 12, 2025 at 10:51 am

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Digital asset knowledge, analytics, and analysis platform Glassnode launched the newest cryptocurrency market evaluation highlighting that Bitcoin continues to commerce between $110,000 and $116,000, with fading exchange-traded fund (ETF) inflows and profit-taking dampening momentum, whereas derivatives exercise performs an outsized function in sustaining steadiness. The report notes that holding above $114,000 would sign power, whereas a decline beneath $108,000 may set off deeper stress.

Following the mid-August peak, momentum has steadily weakened, pushing Bitcoin again into the $110,000–$116,000 zone as provide redistributes. On-chain knowledge signifies that the rebound from $108,000 was supported by shopping for strain, making a stabilization construction, however the market stays break up between consolidation and the chance of contraction.

Evaluation of price foundation clusters exhibits three investor teams anchoring the vary: current top-buyers close to $113,800, dip-buyers round $112,800, and short-term holders nearer to $108,300. Sustained beneficial properties above $113,800 would return many buyers to revenue, whereas a drop underneath $108,300 may set off renewed promoting and expose decrease assist ranges close to $93,000.

The report highlights that current rebounds have been met with heavy profit-taking by mid-term holders and loss realization by newer patrons, creating headwinds just like earlier stress durations. For restoration, recent demand should take up this strain, with affirmation seemingly if Bitcoin stabilizes above $114,000.

Liquidity situations stay comparatively constructive so long as the worth stays above $108,000, however a deeper breakdown may undermine inflows and delay additional rallies.

ETF Outflows Shift Bitcoin Market Dynamics As Derivatives And Choices Take Larger Function

Past on-chain exercise, exterior demand from spot ETFs stays a important driver of this cycle. Since early August, US spot ETF web flows have fallen sharply, averaging round ±500 BTC per day on a 14-day foundation, nicely beneath the degrees that fueled earlier rallies. This decline displays waning participation from conventional finance buyers, including fragility to market momentum.

With spot inflows weakening, derivatives markets have taken on a better function in shaping worth motion. Indicators recommend futures merchants absorbed a lot of the current promoting through the rebound from $108,000, with the three-month futures foundation holding beneath 10% and perpetual quantity staying muted. These situations level to regular fairly than speculative positioning, extra aligned with accumulation than overheated leverage.

Options markets are additionally taking part in a bigger function as establishments use methods resembling protecting places and coated calls to handle danger. Open curiosity has reached file highs, whereas implied volatility continues to pattern decrease, reflecting a extra mature construction. The lean towards calls over places alerts a cautiously bullish outlook, with general positioning suggesting a more healthy, risk-managed market much less vulnerable to sharp euphoric or capitulatory swings.

On the time of reporting, Bitcoin is buying and selling at $115,090, reflecting a 0.83% achieve over the previous 24 hours, with a day by day low of $113,504 and a excessive of $116,287. 

The worldwide cryptocurrency market capitalization stands at $4.01 trillion, marking a 1.31% rise in the identical interval, whereas whole market quantity has declined by 7.36% to $148.49 billion. Bitcoin’s market dominance is recorded at 57.22%, representing a 0.21% lower, in response to CoinMarketCap.

Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.

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