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Bitcoin Stalls Below $118,000 After Fed Cut as Markets Coil Into Major Options Expiry

Institutional buying, including Fidelity’s $97.7 million purchase, helps steady prices before a major options expiry.

Overview

  • Bitcoin held a tight $115,500–$117,900 range and repeatedly failed to break $118,000, with Friday’s pullback erasing earlier gains and an estimated $321 million in liquidations reported.
  • Deribit was set to settle roughly 30,000 BTC options (about $3.5 billion notional), with traders watching a reported max‑pain zone near $114,000 that could influence short‑term price action.
  • ETF flows remained a key driver, with data cited for $163 million in net Bitcoin ETF inflows on Sept. 18, while Fidelity disclosed buying 836.75 BTC worth about $97.7 million this week.
  • Ethereum hovered near $4,600 in a broadly bullish setup but faced resistance around $4,750, as CryptoQuant data indicated 10k–100k ETH wallets hold unrealized gains at levels last seen in 2021, raising profit‑taking risk.
  • Presale speculation stayed active with Remittix reporting about $26 million raised and a live wallet beta, with coverage promoting it as a payments‑focused ‘XRP 2.0’ even as broader market liquidity signaled caution.