TLDR
- Bitcoin price climbed above $112,000 following Nasdaq’s tokenized securities filing with SEC
- Derivatives markets show persistent caution with 9% options delta skew favoring puts
- Bitcoin ETFs recorded $383 million outflows despite institutional accumulation continuing
- MicroStrategy added 1,955 BTC while Metaplanet increased holdings by 136 BTC
- Technical analysis shows ascending triangle formation with breakout potential above $113,400
Bitcoin price surged above the $112,000 level on Monday, representing a recovery from last week’s $108,000 lows. The cryptocurrency currently trades at $112,341, posting a 0.98% gain over 24 hours with trading volume reaching $40.5 billion.
The Bitcoin price rally comes as Nasdaq officially filed with the SEC to enable trading of tokenized U.S. equities. This landmark development would allow investors to choose between traditional stock trades and blockchain-backed tokens, potentially accelerating institutional crypto adoption.
Despite the upward Bitcoin price movement, derivatives data reveals trader caution persists. The BTC options delta skew stands at 9%, indicating put options trade at a premium versus equivalent calls. This pricing structure typically signals market risk aversion.
ETF Outflows Challenge Bitcoin Price Momentum
Bitcoin ETF flows turned negative with $383 million in net outflows recorded between Thursday and Friday. These withdrawals occurred even as Bitcoin successfully defended the crucial $110,000 support level.
Competition from Ethereum as a corporate reserve asset may influence sentiment, with companies allocating $200 million to ETH over the past week according to StrategicETHReserve data.
Institutional accumulation continues despite ETF outflows. Japanese firm Metaplanet added 136 BTC this week, raising total holdings above 20,000 BTC worth over $2 billion. El Salvador purchased 21 BTC on Bitcoin Day, lifting national reserves to 6,313 BTC.
Corporate Bitcoin Holdings Expand
MicroStrategy acquired 1,955 BTC worth approximately $217 million, bringing total holdings to 638,460 BTC. This purchase maintains the company’s position as the world’s largest corporate Bitcoin holder.
Bitcoin futures funding rates improved from Sunday’s bearish 4% to a neutral 11% level. Under normal market conditions, perpetual contract funding rates typically range between 6% to 12%.
The Federal Reserve interest rate outlook supports Bitcoin price potential. Traders now assign 73% probability that rates will fall to 3.50% or lower by March 2026, up from 41% one month ago according to CME FedWatch data.
Bitcoin Price Prediction
Technical analysis shows Bitcoin consolidating within an ascending triangle pattern. The cryptocurrency faces resistance at $113,400 while establishing higher lows since late August.
The 50-day moving average provides support at $111,230, with the 200-day SMA at $112,777 acting as immediate resistance. The RSI indicator sits at 62, suggesting room for further upside before momentum becomes overextended.
A Bitcoin price breakout above $113,400 could target $115,400 and $117,150 levels. Conversely, failure to hold $111,500 risks a decline toward $110,000 or $108,450 support zones.
