Overview

• BTC stayed just above $110,000 after volatile trading, with resistance clustered near $112,000–$114,000 and on-chain support zones around $108,250, $104,250 and $97,050.
• CryptoQuant reports corporate treasuries now hold a record 840,000 BTC as monthly purchases decelerate, with Strategy’s pace down 97% year over year to 3,700 BTC in August and other firms adding 14,800 BTC.
• Burak Kesmeci’s KMFG indicator re-entered its accumulation zone for the first time in 147 days, while the STH-SOPR metric reclaimed 1, signaling short-term holders are again realizing profits.
• On-chain data show 7,626 BTC aged 3–5 years moved, pointing to renewed distribution from older wallets as analysts note ETFs continue to absorb supply in this redistribution phase.
• Near-term views diverge: K33 flags a tactical buy zone at $94,000–$101,000 and others eye $100,000–$104,000 support, September’s weak seasonality lingers, and some expect softer U.S. jobs data to bolster risk appetite via rising stablecoin reserves.