Bitcoin may hit $120K on Wednesday: Here is why

Bitcoin’s price strength is supported by centralized exchange withdrawals, spot ETF inflows and BTC’s increasing use as a financial hedge.

Key takeaways:

September’s 44,000 BTC net withdrawals reduced the available supply, easing the potential short-term selling pressure.

US-listed spot Bitcoin ETFs added $2.2 billion, delivering persistent daily demand that far exceeds the mined supply.

Read more