🚨 Bitcoin Starts September Under Pressure: Whales Selling, CPI Week Ahead

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Bitcoin ($112,827) enters the second week of September sitting below crucial resistance — and traders are bracing for potential double-digit corrections.

Key Market Signals

Resistance at $112K: BTC/USD stalled under this level over the weekend. If range lows flip to resistance, traders eye $106.7K as the next liquidity target.

Bearish Scenarios: Analysts warn of a possible 10% pullback, with some cycle models even pointing to $87K as a -30% correction from the $124K ATH.

CPI + Fed Risk: Inflation prints (PPI & CPI) land midweek, with markets betting on a September Fed rate cut. Any surprise here could jolt crypto.

Whales Back in Bear Mode

CryptoQuant data shows whales offloading 100K+ BTC (~$11B) in the past month — the heaviest distribution since 2022’s bear market. This persistent selling is capping upside momentum and pressuring spot price action.

Institutional Flows: BTC vs. ETH

The much-discussed “rotation” into Ether looks over:

Bitcoin ETPs: +$444M inflows last week

Ether ETPs: -$900M outflows
Even US spot ETFs echoed the trend, with Bitcoin funds gaining $250M while Ether products bled $750M.

️ Futures Market Red Flags

On Binance, the Taker Buy/Sell Ratio is dropping while BTC price expands — a divergence often seen near market tops. Analysts caution:

“If liquidity doesn’t recover despite positive catalysts, the situation could become serious.”

Takeaway

Bitcoin is caught between institutional accumulation and whale distribution. With CPI week and Fed policy in play, the next few sessions may decide whether BTC defends the $100K line or slips toward a deeper correction.