Bitcoin (BTC) has been acting like a tightrope walker lately, balancing carefully between $107K and $113K for the past couple of weeks. The bulls tried to show off with a higher high at $111K earlier this week, but the enthusiasm quickly fizzled out. Momentum indicators barely budged, with the RSI crawling from 55 to 56.12. To put it simply: buyers are holding the line, but it feels more like duct tape than concrete. Without a strong push above RSI 65, calling this a true breakout would be like celebrating a marathon after running only 200 meters.
Inflation whispers louder than Bitcoin cheers
What really has traders chewing their nails isn’t just price charts, it’s the macro calendar. September 11th brought everyone’s favorite suspense series: CPI data. Economists forecast a 0.3% monthly increase, nudging headline inflation up to 2.9%, its highest since January, while Core CPI lingers at 3.1%. For Bitcoin, that’s like running into headwinds while already jogging uphill. And just around the corner? The Federal Open Market Committee (FOMC) meeting, a potential market shockwave waiting to happen.
Binance makes a bold move with stablecoin flood
While the economic outlook grows cloudier, Binance decided to spice things up. On September 8th, the exchange recorded a jaw-dropping $6.2 billion net stablecoin inflow, the biggest of 2025 so far. Translation: there’s a mountain of liquidity parked on the sidelines, ready to pounce. The big question is whether this cash pile fuels Bitcoin’s next moonshot or just adds gasoline to a crash-and-burn scenario. Either way, Binance is sitting at the poker table, chips stacked high.
Jobs market throws another curveball
As if inflation wasn’t enough, U.S. labor data also entered the ring swinging. The Bureau of Labor Statistics revised last year’s job growth down by a massive 911K, effectively erasing nearly a million jobs from the record. Unemployment now sits at 4.3%, its highest since 2021. For the Fed, that mix of weak labor data and sticky inflation complicates everything. Traders are already whispering about a potential rate cut, something that could hand Bitcoin a short-term sugar rush. But sugar highs, as we know, don’t last.
So, is $111K really safe?
Here’s the bottom line: Bitcoin is standing on shaky ground. Liquidity flows suggest fireworks ahead, but soft momentum, nervous traders, and macro headwinds leave little room for mistakes. If the Fed pulls the trigger on rate cuts, we might see BTC spring higher. If not, that $111K “support” might end up being more of a rumor than reality. Either way, fasten your seatbelt, because the next move won’t be boring.
