$BTC crosses $115K, now $115,298.
Fuel behind the breakout:
- Spot ETF flows: $757M net inflows on Sep 10, with ~$1.39B added so far this month, reversing August’s outflows (Coindesk).
- Liquidity squeeze: Exchange reserves at ~2.48M BTC (CryptoQuant), trending lower → less sell-side supply.
- Macro tailwinds: Cooling dollar + rising Fed rate-cut odds lifting risk assets.
- Derivatives setup: Futures OI climbing, but funding rates remain neutral → spot demand is leading. #BTCBreakATH
Next to watch: SEC’s decision on generic ETF rules this month could pave the way for altcoin ETFs.