What happened?
Bitcoin pushed past a $117,000 liquidity wall and climbed toward $118,000 after strong U.S. spot ETF inflows. ETFs logged $429.9 million in net inflows on September 30, led by BlackRock’s IBIT, Ark’s ARKB and Fidelity’s FBTC. Traders flagged key liquidity clusters, unfilled CME gaps below $112k, and warned the move could be a “squeeze fakeout” with resistance around $117.5–$119k.
Who does this affect?
Retail traders and futures traders are at risk of being squeezed or liquidated around the highlighted liquidity zones. Institutional investors and ETF providers are driving these flows and shaping short-term price action. Market makers, short-sellers and anyone with CME futures exposure need to watch gaps and supply zones that could trigger rapid moves.
Why does this matter?
Big ETF inflows can sustain rallies, increase liquidity and volatility, and shift where profit-taking occurs across spot and derivatives markets. A pullback to fill CME gaps or a retest near $111k–$112k could become a buying opportunity before analysts’ upside targets in the $122k–$155k range. That interplay will influence funding rates, liquidations and whether this becomes a real seasonal “Uptober” rally or a short-lived fakeout.