Overview

• BTC pushed through the $113,600–$114,000 zone, confirming an inverse head‑and‑shoulders breakout that technicians say could open a path toward roughly $120,000.
• CME FedWatch shows investors largely expect a 25 bp cut at the Sept. 17 meeting, with a smaller share pricing the chance of a half‑point move.
• Spot bitcoin ETFs logged more than $1.1 billion of net inflows over the past 10 days, signaling steady institutional demand.
• Asset Entities shareholders approved a merger with Strive Enterprises to form Strive Inc, which plans to raise about $1.5 billion to purchase bitcoin.
• Derivatives positioning remains cautious with a Futures Pressure Score near 18% and record options OI on CME, while CryptoQuant flagged a $6.2 billion stablecoin inflow to Binance ahead of key macro prints.