{"id":173241,"date":"2025-10-02T09:00:58","date_gmt":"2025-10-02T06:00:58","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=173241"},"modified":"2025-10-02T09:10:04","modified_gmt":"2025-10-02T06:10:04","slug":"bitcoin-holds-above-118000-here-is-what-could-drive-the-price-higher","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-above-118000-here-is-what-could-drive-the-price-higher\/","title":{"rendered":"Bitcoin Holds Above $118,000: Here is What Could Drive the Price Higher"},"content":{"rendered":"<p>The move pushed its market capitalization to $2.36 trillion, supported by a surge in trading volume, which climbed 32% to $77.07 billion. With Bitcoin holding firmly above the $118,000 mark, traders are debating whether momentum could carry it toward the next resistance at $124,000.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-173242\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/BTC_7D_graph_coinmarketcap.jpeg\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/BTC_7D_graph_coinmarketcap.jpeg 1200w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/BTC_7D_graph_coinmarketcap-300x200.jpeg 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/BTC_7D_graph_coinmarketcap-1024x683.jpeg 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/BTC_7D_graph_coinmarketcap-768x512.jpeg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"><\/p>\n<h2>Institutional Demand via ETFs<\/h2>\n<p>Spot Bitcoin ETFs have emerged as a dominant driver, now managing over $150 billion in assets. Daily inflows, such as the $741 million recorded on September 11, directly reduce available supply, absorbing thousands of coins from circulation. This steady demand has underpinned Bitcoin\u2019s price strength, even as the U.S. government shutdown temporarily delays the SEC\u2019s review of Solana and XRP ETF applications. For now, that dynamic keeps Bitcoin in the spotlight, but slowing inflows could limit upside.<\/p>\n<h2>Macro Liquidity and Fed Policy<\/h2>\n<p>Macroeconomic conditions are adding fuel to the rally. A weaker labor market, highlighted by August\u2019s 4.3% unemployment rate, has strengthened expectations that the Federal Reserve will cut rates by 0.25% on October 29. Lower rates typically weaken the U.S. dollar and boost risk appetite, making Bitcoin attractive as a hedge. The bullish scenario hinges on this liquidity wave continuing; however, if economic weakness deepens, investors may rotate back to safer assets.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-173052\" href=\"https:\/\/cryptodnes.bg\/en\/robinhood-explores-global-expansion-of-prediction-markets-business\/\" title=\"Robinhood Explores Global Expansion of Prediction Markets Business\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/robinhood-4-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Robinhood Explores Global Expansion of Prediction Markets Business<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<h2>Whale Accumulation and Supply Risks<\/h2>\n<p>On-chain data shows one whale acquired 1,721 BTC ($196 million) in September, while long-term holders control about 67% of the supply. This trend of accumulation reduces liquid availability on exchanges, creating conditions for higher prices. Still, exchange whale ratios around 0.50 suggest some large holders may be preparing to take profits. A reversal from accumulation to distribution, similar to the setup before Bitcoin\u2019s 2021 peak, could introduce volatility.<\/p>\n<h2>Outlook<\/h2>\n<p>Bitcoin\u2019s trajectory now depends on whether ETF-driven demand and macro tailwinds can outweigh potential sell pressure from whales. The $117,000 level has become a crucial pivot: holding above it may set the stage for a move toward $124,000, while a break below could spark renewed consolidation.<\/p>\n<p>For traders, the path forward is clear, watch ETF flows, monitor the Fed\u2019s rate decision, and track whale behavior. Together, these forces will decide whether Bitcoin\u2019s latest rally is just the start of a bigger leg higher.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin extended its rally this week, trading at $118,455 on Wednesday with a 6% seven-day gain, according to CoinMarketCap.<\/p>\n","protected":false},"author":7,"featured_media":132473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,294,243,108,266,248,223],"coin_category":[],"class_list":["post-173241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-etf","tag-federal-reserve","tag-price","tag-solana","tag-whales","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Holds 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