Overview

• Market expectations for a September Fed rate cut surged above 90% after softer U.S. CPI readings, driving fresh risk-asset buying that pushed Bitcoin past $124,000.
• Spot Bitcoin ETFs have attracted billions in net inflows this month while corporate and sovereign treasuries continue to accumulate large BTC positions, further reducing on-exchange supply.
• President Trump’s executive order easing 401(k) rules for alternative assets has created a regulatory pathway for retirement investments in crypto, boosting institutional confidence.
• Ethereum traded just below its 2021 peak as spot ETH ETFs recorded record daily inflows, narrowing the gap with its all-time high and signaling broader altcoin participation.
• Concentrated order-book sell walls around $120,000 and on-chain liquidation clusters have amplified intraday swings, underscoring elevated volatility and potential downside risk.