#Bitcoin❗ Faces Resistance

Market Update – September 22, 2025

Bitcoin currently trades at $112,792, facing stiff resistance between $114K–$118K.

Price spiked to $117,896 before pulling back under $113K.

Market stats: $51.2B daily turnover and a $2.25T total valuation.

ETF inflows remain a tailwind, with $1.7B added on September 12 despite recent weakness.

Driving Forces

Macro outlook: Anticipated Fed rate cuts could improve sentiment (per Timothy Peterson).

Regulation: SEC’s ETF rules and the GENIUS Act draft add uncertainty.

On-chain data: 72% of BTC supply locked in illiquid wallets, with steady exchange withdrawals.

Liquidations: Roughly $283.8M wiped out after BTC slipped below $113K.