🔴Bitcoin (BTC) is trading around $110,000 after dropping from its August record of $123,731. Seasonal factors add to the bearish sentiment: historically, September has been one of the weakest months for Bitcoin. Outflows from U.S. spot ETFs deepen the pressure, with $751 million withdrawn in August — a sign of waning institutional demand.
🔴Negative sentiment and thinning volumes raise the risk of further declines. If BTC fails to hold $107,557, the price could slide toward $103,931. On the upside, renewed institutional inflows and stronger demand could push it back above $111,961. Volatility remains high, leaving Bitcoin in a zone of uncertainty.