Key Takeaways

• Bitcoin failed to surpass $118,000, encountering significant resistance in that zone.

• The Bitcoin ETF experienced a six-day streak of inflows totaling $2 billion.

• In 2025, BTC strategic reserves and ETF holdings increased by 30%, indicating steady institutional demand.

Bitcoin (BTC) Exchange-Traded Funds (ETFs) have recorded a wave of inflows over the past six days, with some traders speculating that the price might reach $118,000 before the FOMC meeting.

Resistance Level for Bitcoin

The price rise, which is about 9% from its low on September 1 at $107,270, is attempting to breach $118,000, where sellers appear to be strongly defending the price.

Michael Van De Poppe, the founder of MN Capital, noted in his analysis that critical resistance remains around $117,500. He mentioned, “If it breaks, then we could be looking at a potential new all-time high.”

As of Tuesday, Bitcoin was trading at approximately $115,300. However, the market seemed undecided, with bulls and bears vying for control, as observed on TradingView.

Traders appeared to be taking a cautious approach, focusing on the upcoming FOMC minutes and Chairman Jerome Powell’s remarks scheduled for Wednesday.

Analyst Alphabtc suggested that post-FOMC decisions might lead the price to spike to $118,000 within the next day before possibly falling back.

A heat map for BTC/USDT liquidation revealed a significant concentration of liquidations around $118,000, indicating it as a critical resistance zone. This level could attract traders, making it a point of interest.

“From a liquidity standpoint, this area looks very promising,” Alphabtc commented, expressing hope that the price might reach $118,000 soon, particularly given how the rate decisions could influence market dynamics.

Spot ETFs and Bitcoin Prices

While Bitcoin traders are considering a potential recovery, there’s notable purchasing strength from Bitcoin-focused financial companies, which might provide further support to BTC ETFs.

The Spot Bitcoin ETF saw a surge of over $364 million in inflows beginning September 8, followed by $260 million on the following Monday. In total, the ETF experienced inflows exceeding $2 billion over these six days.

Market intelligence firm GlassNode reported a net inflow of approximately 5.9k BTC on September 10, indicating positive momentum for ETF demands.

Data from bitcointreasuries.net noted that strategic reserves and ETF holdings climbed by 30% in 2025, increasing to about 2.24 million BTC. This underlines a stable supply concentration in the hands of significant institutional players.

Additional insights from Coinshare highlighted substantial inflows into exchange-traded products last week, with Bitcoin investments capturing a total of $2.4 billion, reflecting strong institutional interest in these assets.

This article does not constitute investment advice. All trading and investment activities entail risks, and readers are encouraged to conduct their own research before making decisions.