Overview

• U.S. CPI landed in line and PPI cooled, keeping bitcoin near $114,000 after a brief breakout above the $113,000–$114,000 band.
• Prediction and futures markets show high odds of a 25-basis-point Fed cut on Sept. 17, with estimates ranging roughly 80%–92%.
• Spot bitcoin ETFs logged about $757 million in net inflows on Sept. 10, while ether funds added roughly $172 million, signaling renewed institutional demand.
• Price action remains boxed between $110,000 and $116,000, with traders flagging support near $108,000–$112,500 and resistance around $115,000–$116,000 as decisive levels.
• Derivatives desks report a bias for downside hedges and recent liquidations near $245–$265 million, even as majors like ether, solana and dogecoin extend gains.