Overview

• BTC is hovering near $115,000–$116,000 as traders watch the $117,000–$118,000 band that Joao Wedson calls the critical battleground for the next direction.
• Recent whale activity exceeds $4 billion, including a 35,991 BTC swap into Ethereum and sales from reactivated decade‑old wallets, which have added short‑term supply and volatility.
• Analysts flag $113,000 as structural support, with potential downside toward $112,000–$109,000 on sustained closes below, while a break above $117,500–$120,000 could reopen $125,000–$150,000 targets later in 2025.
• Spot Bitcoin ETFs recorded roughly $751 million in September outflows that some view as short‑term rebalancing, as institutional flows have rotated toward Ethereum with reported multi‑billion‑dollar inflows.
• On‑chain data show falling exchange balances and rising long‑term holder supply, and sponsored coverage highlights MAGACOIN FINANCE with speculative 30x–36x presale claims that remain unverified.