📉 Bitcoin Dips, ETFs Absorb Fresh Inflows, and Altcoin Updates

$BTC Price Action: Bitcoin briefly slipped under $107K — its lowest since July — before rebounding to $109K. Key support lies near $105K, with $100K as the last major psychological line before potential panic selling.

Seasonal Weakness: September has historically been one of BTC’s toughest months, with declines in 9 of the last 14 years (avg. -12.7%).

ETF Flows:

• Spot Bitcoin ETFs saw $440.7M inflows last week, bringing YTD total to $54.24B.

• Ethereum ETFs attracted $1.08B, with cumulative inflows since July reaching $13.51B.

• Spot Bitcoin ETFs are now rivaling major exchanges in trading volume.

Regulatory & ETF Pipeline: Bloomberg reports 92 ETF applications pending with the SEC, including Bitcoin, Ethereum, Solana, and XRP.

Altcoin & Stablecoin Updates:

• TRON community approved a 60% fee reduction proposal.

• Tether’s market share slipped below 60% for the first time since March 2023 due to rising competition and regulation.

🔥 Takeaway: BTC is flirting with key support as ETFs continue to attract institutional flows. Meanwhile, competition among altcoins and stablecoins is heating up fast.