Overview

• Bitcoin climbed above $114,000 on Monday after rebounding from support near $107,000 earlier this month, marking its strongest September since 2012.
• Traders flagged a breakout from a descending wedge and unusually low volatility, a setup they say could allow a push toward $120,000 if momentum holds.
• Derivatives activity jumped with futures volume up 141% to $82.9 billion and options volume up 407%, while about $83 million in short positions were liquidated versus $8 million in longs.
• Eric Trump called bitcoin “the way of the future,” predicted an “unbelievable” fourth quarter, and reiterated his long‑term $1 million target in recent interviews and TV remarks.
• The Trump family’s crypto exposure includes American Bitcoin Corp., which Eric Trump co-owns and which recently began trading on Nasdaq following its debut last week.