Bitcoin Approaches $96,700 Resistance Amid Increased ETF Inflows and Trading Volume
What happened
On September 25, 2026, Bitcoin's price action targeted the $96,700 mean MVRV resistance amid improving ETF demand and spot trading volume.
The Context
- ETF Demand: U.S. spot Bitcoin ETFs recorded significant net inflows, indicating renewed institutional interest after earlier outflows in 2026.
- Trading Volume: Spot trading volume more than doubled from August lows, reflecting a shift in market dynamics and investor sentiment.
- Options Expiry Impact: A $14.04 billion options expiry reset derivatives positioning, potentially amplifying Bitcoin's price movements toward higher resistance levels.
The Number
— This represents the notional value of Bitcoin options contracts expiring on September 25, 2026, accounting for 32% of total open interest, highlighting the scale of market activity.
Takeaway
As institutional demand continues to rise, Bitcoin's trajectory may lead to further price advancements, particularly if supply absorption occurs at key resistance levels.
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