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Bitcoin Stalls Below $118,000 as Options Expire and ETF Demand Persists

A Fed rate cut lifted risk appetite, with options expiries and thin spot liquidity capping follow‑through.

Overview

  • Bitcoin traded in a tight $115,500–$117,900 band on Friday before slipping near $115,300, repeatedly failing to clear the $118,000 ceiling identified across charts.
  • Roughly 30,000 BTC in options (about $3.53 billion notional) expired on Deribit, with a max‑pain zone near $114,000 flagged as a potential driver of near‑term volatility.
  • U.S. spot Bitcoin ETFs have drawn about $2.8 billion in net inflows since Sept. 9, and flow trackers reported a Fidelity buy of 836.75 BTC (~$97.7 million), underscoring ongoing institutional interest.
  • Analysts highlight a pivotal $115,000–$120,000 range, with a sustained break higher pointing to $125,000–$130,000 and a decisive loss of $115,000 risking a move toward $110,000 or even $100,000.
  • Project‑reported claims around Remittix continue to circulate, including more than $26 million raised, a live wallet beta, CertiK verification and planned BitMart and LBank listings.