Will $109K BTC Hold? Another $250M Exits Bitcoin ETFs amid 4-Week Low

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Oh, the sweet, sweet drama of crypto! 🤑 Bitcoin‘s been slipping, sliding, and looking at the $109K mark like it’s about to ghost it. On September 25th, Bitcoin ETFs saw a little “whoopsie-daisy,” pulling a cool $258 million out faster than your last breakup. 💔

Meanwhile, BlackRock’s IBIT was the only one on the VIP list, seeing inflows while everyone else was canceling plans. Ethereum, too, was like, “I’m outta here!” with $251 million slipping out of its wallet. And yes, that’s four days in a row, because who doesn’t love consistency? 🙄

On September 25 (ET), U.S. spot Bitcoin ETFs recorded a total net outflow of $258 million, with BlackRock’s IBIT being the only fund to see net inflows. Spot Ethereum ETFs posted a total net outflow of $251 million, marking the fourth consecutive day of outflows.…

– Wu Blockchain (@WuBlockchain) September 26, 2025

Bitcoin’s like that one friend who’s hanging on the edge of a cliff, wondering if it’ll hold. It slid to a four-week low of $108,700 late Thursday, and now everyone’s asking, “Will the $109K support hold?” Let’s just say, it’s the financial equivalent of holding your breath. 👀

An Exhausted Market

According to Glassnode, long-term Bitcoin holders have been raking in profits like they’ve won the lottery, cashing out over 3.4 million BTC. That’s like the big win at the casino before the inevitable “wait, what did I do?” moment. 🚨

Some analysts are now saying the market’s experiencing a *serious* case of exhaustion, like that feeling you get after a Thanksgiving dinner. The Federal Reserve’s recent rate cut was supposed to give us hope, but now, it’s more of a “meh.” 🤷‍♂️

From Rally to Correction#Bitcoin shows exhaustion post-FOMC as LTHs realized 3.4M BTC in profit and ETF inflows slowed. With spot and futures weak, $111k STH cost basis is key support or risk downside.

Discover more in the latest Week On-Chain below👇

– glassnode (@glassnode) September 25, 2025

Markus Thielen from 10x Research is basically waving a red flag, saying we might be on the brink of a correction deeper than your last “what did I do with my life” moment. Stop-losses are gearing up like they’re prepping for a Netflix series. 🛑

Binance Data Suggests Controlled Correction

But hold up! Binance is coming through like your personal financial lifeguard, saying “Chill, it’s just a correction.” The data suggests Bitcoin’s drop is still within the bounds of “normal.” So, it’s not all doom and gloom, but it’s still the kind of day where you check your portfolio and sigh. 😬

Bitcoin has dropped about 10%-11% from its all-time highs of $122K-$124K. Yeah, that’s a little deeper than those early pullbacks, but it’s not the “panic-mode, sell everything” crash of the past. Breathe easy, folks. 🧘‍♀️

CryptoQuant’s analysts say unless Bitcoin breaks below $109K-$110K with a drop of over 15%, we might just see a retest of the $118K-$122K range. Hold onto your hats, people! 🏇

Binance: Bitcoin cycle drawdown | Source: CryptoQuant

This cycle isn’t quite like the retail-fueled 2017 boom or the wild ride of 2021. It’s a mix of institutional money with just the right amount of liquidation drama. 🎭 According to Glassnode, the Spent Output Profit Ratio (SOPR) is barely above 1, which means some people are selling at a loss. *Yikes!* 😱

And just to make things more interesting, the Short-Term Holder NUPL indicator is hanging around zero. Translation: newer investors are out there cutting their losses, and it’s not looking pretty.

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2025-09-26 14:09