Bitcoin may hit $120K on Wednesday: Here is why
Bitcoin’s price strength is supported by centralized exchange withdrawals, spot ETF inflows and BTC’s increasing use as a financial hedge.
Key takeaways:
September’s 44,000 BTC net withdrawals reduced the available supply, easing the potential short-term selling pressure.
US-listed spot Bitcoin ETFs added $2.2 billion, delivering persistent daily demand that far exceeds the mined supply.