Bitcoin Trends - W1 September 2025
Recovery phase, neutral on-chain, options consolidation at $112K, macro support persists but risks remain.
TL;DR:
The Bitcoin market completed the week in a "repair" phase: price consolidated in the $110–112K range around the Max Pain zone, sellers in derivatives lost dominance, but growth momentum remains weak. On-chain metrics show declining activity with positive exchange outflows, while macro backdrop (falling yields, weak US labor market) supports risk assets. Bottom line - consolidation with cautious upward bias, sensitive to inflation data and options expiration.
Macroeconomics over the past week
Priority: High
US: labor market sharply cooled (NFP +22k, unemployment at peak since 2021)
Conclusion: Weak job gains and a series of "soft" employment indicators strengthen expectations for Fed rate cuts by 25 bp this month. Risks shift from inflation to employment, supporting bonds and pressuring the dollar.US: 10-year UST yield ↓ to 4.07% (5-month low)
Conclusion: Falling long rates reflect market bets on the start of an easing cycle and ease financial conditions.US: goods trade deficit widene…
