Key Takeaways
Why is BTC’s price up today?
Ah, Bitcoin-like a spirited horse chasing a mirage at $117.5k-yet the FOMC’s grand rally seems to be fading, much like the hope of a peasant expecting an easy harvest in September.
Can Bitcoin establish an uptrend soon?
Perhaps, though history laughs in the face of such optimism. September, that cruel month, has always been a tempest for the bullish spirits, and lurking just beneath $115k, the shadow of a liquidity trap waits patiently to pounce, dragging price down like a stubborn serf unwilling to rise.
Bitcoin, the elusive fox, slyly approached the $117.5k threshold after a modest 0.54% gain on that fateful 18th of September, as if daring the heavens to intervene.
The very next day, it faced the same stoic fortress, only to be repelled, reminding us that pride often precedes the fall-or in this case, the stubborn resistance.
The wise scribes at AMBCrypto, in their endless toil, noted a curious thing about the tides of global liquidity: though waters rise, they swell mostly towards the safe harbors, leaving Bitcoin, the wild stallion, to wander the riskier pastures alone.
Even more, the stony hands of institutional investors tightened their grip, releasing fearful sells that whispered doubts into the ears of hopeful traders, dimming the light of a surging rally above resistance.
From the oracle Glassnode, piping from the digital mountain X (once called Twitter), came tidings about the sacred $115.2k line-a thin border dividing brave bulls from despairing bears.
Futures data spun tales of short squeezes and an options frenzy swelling to 500k BTC as expiration loomed-a carnival of speculation, or perhaps a jest by fate.
Should fortune falter and price fall below $115.2k, woe betide! A deeper descent to $105.5k would follow, dragging traders down like fallen soldiers in an unwinnable battle.
Can Bitcoin defend the local support, or…
In the days before the FOMC conjured its next decree, the Cumulative Volume Delta swayed like a village drunkard-pledging from frenzied sell-offs to a curiously steadier gait. A sign that liquidity, like a returning son, sought to balance the fray, as if the market’s gamblers scented a hopeful policy dawn.
The liquidation heatmap revealed an ironic max pain-a cruel joke indeed-with longs suffering most at $112.7k and shorts aching at $121.6k, as if both sides endured a dance of misery choreographed by unseen fate.
The Exchange Supply Ratio waned, painting a somewhat bullish tableau for the coming weeks, as if the market’s very soul decided to play a trick on the skeptics.
Following the Fed’s nod towards a rate cut, the ratio dipped to a modest 0.02911-whispers of holders retreating to their fortresses, clutching their coins like beloved keepsakes, preparing to HODL through storms yet unknown.
Though fewer coins brave the marketplaces-Binance’s shelves growing bare and forlorn-it would be folly to believe the specter of a dip beneath $115.2k has been banished. For in the wild lands of liquidity, one never knows when the next dip will strike, an unwelcome visitor at the feast.
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2025-09-20 00:21