Key Insights:
- Bitcoin price traded near $112K amid heavy liquidity between $105K and $120K.
- Analysts cited whale activity as a major driver of volatility in late September 2025.
- Technical signals showed Bitcoin USD resistance at $112K and possible support near $100K.
The Bitcoin price was consolidating around $111,800 in late September 2025. Analysts suggested that whale activity and institutional flows were shaping volatility between $105,000 and $120,000. This consolidation period raises an intriguing question: could these liquidity clusters determine the next significant move for Bitcoin USD?
Bitcoin Price Moved Within Key Liquidity Ranges
According to CoinGlass data, trading volume on September 27 surged approximately 15% compared to the previous sessions. Analysts interpreted this uptick as a sign of stronger institutional positioning during a phase of narrow consolidation. At press time, the BTC price hovered between $110,000 to $115,000, showing a 2.2% increase over the last 24 hours, despite a weekly decline of 0.9% and a monthly uptick of nearly 3.0%.
Market participants have been keenly monitoring liquidity at both ends of this range. For instance, orders clustered around $120,000 created a supply cap, while buy interest near $105,000 provided strong support. Analyst Merlijn The Trader noted that whales were likely dictating short-term price direction by sweeping available liquidity zones, which could leave retail traders vulnerable to forced exits when stop-loss clusters were triggered.
Supporting this notion, a study from 2023 published in the Journal of Financial Markets revealed that approximately 68% of token volatility was attributed to whale interventions. Additionally, research from MIT Sloan in 2024 indicated that institutional trading desks exploited stop-loss clusters over 70% of the time.
Immediate support for Bitcoin is positioned around $107,000, with a deeper demand zone closer to $100,000. On the upside, analysts suggest that reclaiming the $112,000 mark is crucial to sustaining bullish momentum.
Technical Signals Show Short-term Weakness
As of late September, the Bitcoin price had dipped below its 50-day simple moving average (SMA) of around $114,000 and also fell under the 100-day SMA, which was near $113,000. This alignment suggested a short-term favor toward sellers. The broader market trend remained within a descending channel, and a critical risk emerged: a break below $109,000 could lead to accelerated declines toward the 200-day SMA and the $100,000–$102,000 demand zone.
On shorter timeframes, a bullish flag developed after a rejection around the $117,000 range. Analysts were highlighting that maintaining the level below $110,000 was essential for any rebound potential. A failure to defend this area could signal another liquidity sweep for Bitcoin price, potentially dragging it closer to the $100,000 threshold.
Research from BitBull emphasized that $111,972 marked a pivotal breakout threshold; surpassing this level might open the path toward resistance near the $118,000-$124,000 zone. Conversely, if the bulls couldn’t secure this area, Bitcoin might stay trapped in a sideways trading phase, often referred to by traders as a “chop zone.” Support levels were observed around $105,100, and dropping to this point would amplify the bearish sentiment in the short term.
Outlook for Bitcoin Price in October
As whale activity continues to exert influence over BTC price sentiment, the Binance BTC/USDT liquidation heatmap indicated aggressive selling above the $117,000 level in mid-September. This selling pressure has forced liquidations of numerous overleveraged long positions, effectively capping any further upside potential for Bitcoin.
Interestingly, liquidity levels beneath the current Bitcoin price appeared somewhat thin, hinting at limited downside pressure unless new sell orders were placed. Analysts have remarked that Bitcoin tends to trade like a quasi-stablecoin during periods of reduced volatility, historically preceding strong price rallies once liquidity starts to clear.
As traders brace for October, the focus remains on whether bulls can reclaim the key $112,000 level. Analysts indicate that this mark is crucial for maintaining short-term momentum. While a decisive move above might signal renewed strength, failure to hold support around $105,000 could further entrench Bitcoin within a bearish trajectory.
