Bitcoin Holds $110K as Whales Shift to Ethereum & HYPER Presale Surges

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  • BTC consolidates at $110K, facing critical $116K resistance.
  • Whales offload BTC, shifting toward Ethereum.
  • Bitcoin Hyper presale raises $13.7M, offering 79% APY staking.

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Bitcoin (BTC) is navigating a critical juncture as it finds support around $110,000 after a volatile week. Trading within a $104K–$116K range for several weeks, BTC faces a decisive period ahead, with historical trends and upcoming catalysts shaping investor sentiment.

September’s Historical Pressure on BTC

Historically, September has been challenging for Bitcoin and altcoins, as investors often reduce exposure ahead of potential market pullbacks. Crypto analyst Benjamin Cowen notes that post-halving years typically see Bitcoin dip in September before rebounding into a fourth-quarter peak.

Looking ahead, a possible 25 bps Federal Reserve rate cut during the FOMC meeting on September 17 could inject significant liquidity into the market, potentially driving BTC and the broader crypto ecosystem higher. Analysts highlight that Bitcoin must sustain a move above $116,000 to rekindle bullish momentum, while a breakdown could see support levels tested near $93,000–$95,000.

Institutional and Whale Activity Signals Shifts

Recent data suggests cooling demand among institutional investors. Spot Bitcoin ETFs have seen outflows in recent weeks, and BTC futures indicate muted trader interest. Meanwhile, Satoshi-era Bitcoin whales have been offloading some BTC holdings, reallocating capital toward Ethereum (ETH $4,425).

On-chain analytics from CryptoQuant reveal that Bitcoin price movements are increasingly influenced by regional liquidity, particularly in Asian markets, while U.S. trading largely determines trend sustainability.

Bitcoin Hyper Presale Raises $13.7M

Amid market fluctuations, Bitcoin Hyper (HYPER) is generating buzz during its presale, having raised over $13.7 million. The Layer 2 network aims to tackle Bitcoin’s persistent issues, including slow transactions, high fees, and lack of native smart contracts.

HYPER’s optimized virtual machine allows for faster and cheaper transactions while remaining anchored to Bitcoin’s secure base layer. Early investors can purchase HYPER at $0.012855, with staking opportunities offering up to 79% APY, combining innovation with potential rewards.

Also Read: Bloomberg Analyst Warns Bitcoin Could Crash to $10K Amid Market Risks

Bitcoin’s path in September remains uncertain, balancing historical seasonal pressures, institutional demand, and whale activity. A decisive move above $116K could spark renewed bullish momentum, while emerging projects like Bitcoin Hyper demonstrate the growing innovation and opportunities in the BTC ecosystem. Investors are advised to monitor technical levels and macro catalysts closely as the market navigates this critical phase.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses