Overview

• Bitcoin is trading around $111,000–$113,000 with key resistance clustered near $114,000–$116,000 and support around $110,000, keeping the market range‑bound.
• Spot Bitcoin ETFs saw about $383 million in net outflows late last week, followed by roughly $368 million in net inflows on Monday, reflecting hesitation but not capitulation.
• Corporate accumulation is ongoing as MicroStrategy disclosed a 1,955 BTC purchase (~$217 million) and Metaplanet lifted holdings to about 20,136 BTC, while South Africa’s Altvest plans to raise $210 million to build a bitcoin treasury.
• Rate‑cut expectations are elevated ahead of the Federal Reserve’s mid‑September decision, with market tools indicating strong odds for easing and traders flagging higher volatility risk later in the month.
• On‑chain metrics point to elevated but cooling long‑term holder distribution, and adoption narratives broadened as Nasdaq filed to list tokenized securities, while XRP hovered near $3 on ETF speculation and Dogecoin logged short‑term gains.