Bitcoin (BTC-USD) Balances on Fragile Support at $109K After Double Top Reversal
Bitcoin (BTC-USD) closed the weekend at $109,449, with a market capitalization of $2.18 trillion and 24-hour trading volumes of $20.54 billion. The intraday range stretched between $109,276 and $109,761, signaling compressed volatility after last week’s selloff. Technical charts highlight a double top pattern near $112,000, with downside targets clustering around $100,780 if bearish momentum persists. The rejection from highs above $117,000 earlier in September and the failed bounce from $114,000 confirm market exhaustion at higher levels.
ETF Outflows Intensify Downside Pressure on BTC-USD
Flows into spot Bitcoin ETFs, which powered July’s surge above $120,000, have flipped sharply negative. Between September 22–26, ETF outflows totaled $903 million, erasing institutional demand that previously…
