Bitcoin\u2019s<\/a> rally has found a footing. After threatening to break below the critical $107K support late last week, a level closely watched by traders and whales, the price has since rebounded, climbing back above $112K on renewed weekend buying. The recovery signals that whale accumulation may have provided the cushion noted in Friday\u2019s trade, but BTC still faces strong resistance overhead.<\/p>\n Last week\u2019s decline was largely tied to quarter-end portfolio rebalancing. CME-based Bitcoin futures and options shed more than $4.3 billion in open interest between September 18 and 26, data from Velo show. U.S. spot Bitcoin ETFs also turned red for the first time in a month, with net outflows of around $902 million, led by Fidelity\u2019s FBTC and BlackRock\u2019s IBIT.<\/p>\n While the flows sparked concerns, market desks argue they reflect normal quarter-end positioning rather than a deterioration in sentiment. Perpetual traders, in contrast, added exposure, open interest across Bitcoin<\/a> perpetual contracts rose from $42.8 billion to $43.6 billion, alongside positive funding rates.<\/p>\n The rebound also came on the back of a slightly weaker U.S. dollar and steadier interest rate expectations, giving risk assets a short-term boost. Analysts point out that the weekend bid was not purely speculative, but tied to renewed accumulation from larger investors who had sat out last week\u2019s volatility.<\/p>\n \u201cOptimism is re-emerging,\u201d Singapore-based QCP Capital noted, highlighting that buying pressure is broadening out as Bitcoin prepares to enter Q4, historically its strongest quarter with a median return above 50%.<\/p>\n Adding to the narrative, on-chain data show renewed activity among long-term holders. A dormant wallet holding 400 BTC ($44 million) moved funds for the first time in 12 years over the weekend, joining a series of \u201cSatoshi-era\u201d wallets that have reawakened in recent months. While such moves can spark short-term caution, they also underline how much value has accrued over Bitcoin\u2019s history, up more than 830x since 2013.<\/p>\nWhy ETF Outflows Don\u2019t Mean Weakness for Bitcoin Bulls<\/h2>\n
Bitcoin Price Gets Relief From Softer U.S. Dollar and Fed Expectations<\/h2>\n
Dormant Bitcoin Wallets Reactivate as Long-Term Holders Move Coins<\/h2>\n
Bitcoin Chart Analysis Today<\/h2>\n
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