Weekly Close Above $114K Sets Up Bitcoin Rally

Bitcoin’s Weekly Close Above $114,000 Shows Institutional Demand Is Back

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Bitcoin breaks above $114,000 backed by strong spot ETF inflows and bullish demand
  • US spot Bitcoin ETFs saw their largest daily inflow since July, totaling 5,900 BTC on September 10.
  • ETFs across all asset classes hit a record $12.19 trillion AUM, with crypto products becoming a key driver.
  • Starknet completed its Bitcoin staking upgrade, giving BTC holders 25% weight in consensus power.

Bitcoin continues to demonstrate strength above the $114,000 level as institutional flows into spot ETFs accelerate and new blockchain integrations expand its utility. 

According to Glassnode, US .S. spot Bitcoin ETFs saw net inflows of around 5,900 BTC on September 10, the largest single-day inflow since mid-July. This pushed weekly flows positive, showcasing renewed demand from investors. 

Also, as per SoSoValue data, between September 8 and 12, spot Bitcoin ETFs attracted $2.34 billion in inflows without recording a single outflow, the third consecutive week of net gains. Ethereum ETFs also pulled in $638 million over the same period.

Related: Trump Policies Could Extend Asset Rally, Arthur Hayes Says as BTC Steadies

ETFs Reshape Global Capital Markets

Assets under management in US-listed ETFs hit a record $12.19 trillion at the end of August, according to Bloomberg, up from $10.35 trillion at the close of 2024. 

Investors poured $120.65 billion into ETFs in August alone, lifting year-to-date inflows to $799 billion, already surpassing the prior annual record. 

Crypto-linked ETFs now make up a meaningful slice of this growth, with US-listed BTC and ETH products managing more than $120 billion combined. 

BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Trust (FBTC) dominate, together representing over $100 billion in Bitcoin exposure, equivalent to about 4% of the cryptocurrency’s $2.1 trillion market cap.

Bitcoin’s Bullish Continuation

As per a chart shared by analyst Rekt Capital, Bitcoin’s price structure is showing signs of a bullish continuation with BTC closing a weekly candle above $114,000, putting it one step closer to reclaiming its broader re-accumulation range. 

Rekt Capital highlighted that each prior consolidation phase has been followed by strong upward expansions. 

Should $114,000 hold as support, it would not only confirm the end of the recent corrective phase but also pave the way for a potential rally toward the $130,000 region.

Related: Bitcoin Volatility Drops Under 30% While Bulls Eye $114K Resistance

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.


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