Overview
- CryptoQuant’s Darkfost recorded a sentiment reading above 89 on Sep. 12, the highest since March 2024, and analysts say that reading has cooled but flags a short-term risk of a market turning point.
- U.S.-listed spot Bitcoin ETFs posted $462.7 million in net outflows for the Sep. 8–11 trading week, with a $282.7 million single-day withdrawal on Thursday and large redemptions at ARKB and IBIT.
- Price slipped under $77,000 to trade near $76,700 over the weekend as trading volume fell and buyers failed to sustain intraday gains.
- Traders are watching weekly technical levels closely, with $78,300 and the $81,700–$83,000 zone cited as key resistance and liquidity clusters near $75,000 and $64,000–$60,000 seen as downside support.
- Near-term direction will likely hinge on whether ETF flows and spot buyers absorb current selling and on macro cues, especially the Aug. CPI reading and the Fed meeting on Sep. 15–16.