Bitcoin experienced a sharp weekly loss, dipping below $110,000 ahead of a $22 billion options expiry.
Spot Bitcoin ETFs saw substantial outflows in the week ending September 26th, totaling $902.5 million, including a record single-day drop of $418.3 million.
Institutions' demand for Bitcoin is starting to outpace its mining supply.
The discussion around Bitcoin Core's v30 upgrade and its impact on blockchain data use and security is ongoing.
Factors Influencing Price
Supply and Demand: Bitcoin's limited supply (capped at 21 million) and increasing institutional demand are key factors.
Regulation: Regulatory developments significantly impact investor sentiment and price.
Macroeconomic Factors: Global economic conditions, including inflation and central bank policies, play a role.
Investor Sentiment: Media attention, social media trends, and the Fear & Greed Index can influence buying and selling pressure.
Technical Factors: Indicators like moving averages (MA), Relative Strength Index (RSI), and trading volume impact short-term price movements.