Sat Sep 13 10:30:00 UTC 2025: **Bitcoin Stuck in $110k-$116k Range as Momentum Fades**
**New York, NY** – Bitcoin is struggling to break free from a tight trading range between $110,000 and $116,000 as profit-taking, dwindling ETF inflows, and loss realizations put downward pressure on the cryptocurrency. According to recent market analysis, the digital asset’s momentum has waned since its mid-August peak, causing it to dip below the cost basis for many recent buyers.
The current price range is defined by the cost basis of three distinct investor groups. A break above $114,000 is seen as crucial for restoring bullish sentiment and attracting new capital. Conversely, a drop below $108,000 could trigger further selling, potentially leading to a deeper correction toward the $93,000 level.
Analysis reveals that seasoned short-term holders have been selling to realize profits, while more recent buyers are cutting losses, further dampening upward potential. Meanwhile, inflows into U.S. spot Bitcoin ETFs have slowed significantly, adding to the market’s fragility.
With spot market activity subdued, derivatives markets, particularly futures and options, are playing an increasingly important role in balancing supply and demand. Interestingly, the futures market appears healthy, with a futures basis below 10%. Options activity also indicates a risk-managed market structure, potentially mitigating extreme price swings.
While on-chain liquidity remains positive, it is showing signs of decline. The next sustained rally hinges on Bitcoin’s ability to reclaim the $114,000 level. A failure to do so risks further downside pressure and could test key support levels.
First Piper 