Bitcoin surged above $112,000 backed by weekend buying pressure, up 2.5% in 24 hours per CoinGecko. Altcoins followed, leading to a $354 million liquidation spree and total market cap nearing $4 trillion. Quarter-end rebalancing drove last week’s crypto losses, with CME futures and options interest dropping significantly.

Experts note ETF outflows were not a sign of weakness but of buyer strength, part of quarter-end basis unwind. Despite recent liquidation events, perpetual traders remain optimistic, with open interest growth and positive funding rates. Predictors on Myriad expect Bitcoin to close September above $105,000.

Focus shifts to September Nonfarm Payrolls, with potential delay due to U.S. government shutdown. Despite uncertainties, investors are bullish on Bitcoin entering a historically strong fourth quarter with a median return of 52%. Halving narrative draws attention, with sentiment anchored by Bitcoin’s performance.

Read more at Yahoo Finance: Bitcoin Recovers Above $112,000, Boosted by Weekend Gains