Bitcoin surged to $116,000 before dropping below $115,000, signaling potential pullback. Glassnode data shows strong momentum in the spot market, with futures markets reflecting higher activity. Options activity mirrored caution, with speculative short-term activity increasing slightly. U.S. spot Bitcoin ETF inflows boosted sentiment, but weakening spot flows and softening funding conditions suggest consolidation.

Bitcoin’s rebound reflects improving sentiment from ETF flows and macro-optimism but faces fragile support. Weakening spot flows, softening funding conditions, and profit-taking suggest consolidation unless fresh demand sustains momentum. U.S. spot Bitcoin ETF inflows were key, bringing in 5,900 BTC on Sep. 10, marking the largest daily inflow since mid-July. CoinMarketCap Crypto Fear and Greed Index shifted from Greed to Neutral in two days, indicating cautious market sentiment despite institutional inflows.

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