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Bitcoin Rebounds Above $113,000 as ETF Demand Revives Q4 Optimism

ETF inflows are increasingly seen as the primary driver of Bitcoin’s late‑September rebound.

Overview

  • Bitcoin traded in the $112,000–$114,000 band early Sept. 30 after a late‑September bounce, with rising volumes and improving sentiment reported across major venues.
  • The total crypto market value topped $4 trillion as large‑cap tokens advanced, led by gains in Bitcoin and Ethereum.
  • ETF flows have become a key swing factor, with data showing roughly $1 billion in combined daily inflows to U.S. spot Bitcoin and Ethereum funds on Sept. 29 even as other snapshots recorded outflows in some products.
  • Technical analysis flags a double‑bottom near $108,650 that implies a potential move toward ~$127,000 if the $117,875 neckline is cleared, with moving averages turning supportive.
  • On‑chain metrics indicate accumulation and falling exchange reserves, institutional participation continued with Strategy Inc. buying 196 BTC, and near‑term risks include the U.S. jobs report and possible government shutdown that could stir volatility.