Bitcoin Market Outlook Sept 29: Will BTC Break $112K or Fill the CME Gap?
📊 Current Market Snapshot (Sept 29) Bitcoin is trading in the range of $109,190 to $112,422 over the past 24 hours, and more recently hovering around $112,171 , up about 2.48% . Today’s price action is moderately bullish overall. Many major cryptos are in the green, and market breadth is improving. But it’s not all smooth sailing — there are warning signs in the derivatives and futures markets. A CME futures gap exists between ~$110,000 and ~$111,335, and such gaps historically tend to get “filled” (i.e. prices may pull back into that gap at some point) Also, open interest (i.e. total outstanding futures contracts) has pulled back from prior highs (~$32B) to about $29B , suggesting traders are trimming exposure. ⚠ Key Observations & Risks Even though spot prices are rising, ETF flows are showing some outflows, especially in Ethereum ETFs (5 days of net withdrawals) which hints that capital isn’t decisively flowing in. The derivative...
