Bitcoin Faces Resistance — Market Consolidates Ahead of Options Expiry
Bitcoin tried to push past $115K but quickly retraced, dipping under $114K and finding short-term support near $108.6K as momentum cooled.
On-chain signals show declining leverage and cooling funding rates, while stablecoin and ETF inflows have weakened — a combination that favors consolidation over fresh breakouts for now. CryptoQuant’s weekly take highlights this more cautious backdrop.
Key technical levels to watch: resistance sits at $111K–$112K (a decisive break and hold there would open the path to $114K–$115.4K), while support lies at $108.6K–$109K with stronger cushion between $106K–$105K if sellers accelerate.
Options flow adds a layer of nuance: the max-pain for upcoming options is roughly $113K ahead of the Oct. 3 expiry — in low-volatility conditions, price tends to gravitate toward that zone. Traders should monitor expiries and order-book liquidity closely.
Takeaway: Sentiment is neutral–bearish until BTC reclaims and sustains above $112K. Manage position size, watch volume for conviction, and treat the Oct. expiries as a potential short-term volatility catalyst.
