September has seen the BTC price remain steady, with mostly green candles for the past 18 days. Institutional accumulation has been strong, while retail holders have been taking profits.
On-chain signals are pointing towards a potential rise in the near future, with solid support zones and a recent boost from the Fed’s rate cut. Bitcoin is edging closer to reclaiming its $124K all-time high.
Institutional Accumulation Outpaces Retail Selling
Recent data shows that retail holders are selling off their BTC to secure profits, slowing down the recovery pace. However, larger entities are benefiting from this, indicating a shift of Bitcoin from smaller hands to long-term institutional holders.
According to Santiment’s supply distribution metric, institutions are accumulating BTC for a potential move towards new highs.
On-Chain Metrics Signal Optimism For Bitcoin Price
Age-consumed metrics and NRPL data show no significant selling activity in Q3 2025. The MVRV 30-day metric has turned bullish, suggesting that short-term holders are back in profit.
The combination of steady accumulation and minimal profit-taking sets the stage for a major breakout.
September Strength Could Push BTC Toward $130K
September has been resilient for BTC, with a climb from $107K to around $117,475. The recent rate cut by the Fed and hints of further cuts could inject liquidity into assets like Bitcoin.
Technically, the $107K zone has become a strong support base, hinting at a potential push towards $124K and even $130K in the near term.
