Overview

• Bitcoin trades around $113k–$114k after a late‑September rebound, with total crypto market value back above roughly $4 trillion and daily volumes sharply higher.
• Spot fund activity has turned supportive, with Sept. 29 data showing more than $1 billion in combined inflows to U.S. Bitcoin and Ethereum ETFs, reversing earlier outflows.
• Charts highlight a developing double‑bottom and moving‑average breakouts, with upside targets clustered near $124k–$127k if resistance levels give way.
• On‑chain signals point to accumulation and lighter sell pressure, with exchange balances falling and short‑term SOPR resetting near 1 as Strategy Inc. added 196 BTC around $113,048.
• Key risks include a break below ~$108k support, potential shifts in ETF flows, and near‑term U.S. catalysts such as Friday’s non‑farm payrolls and possible government shutdown.