Overview

• Bitcoin trades around $111,800–$111,900 after a weekend rebound, roughly 10–11% below its mid‑August all‑time high near $123,000–$124,000.
• Spot activity jumped about 50% to roughly $37–38 billion as futures open interest hovered near $78.5–$78.7 billion and two sessions last week topped $1 billion in liquidations.
• A new CME Bitcoin futures gap opened on Sept. 29, raising odds of a quick pullback if filled, even as on‑chain metrics suggest firm holder conviction.
• Key levels to watch include support at $109,000–$111,000 and resistance around $112,000–$118,000, with a break lower risking a move toward about $105,000.
• October has historically delivered 10–30% gains for Bitcoin, though several analysts still anticipate multiple 20%+ corrections on the path to potential new highs.