Bitcoin Drama: PCE, Deleveraging and the $100K Mirage

Key points:

  • Bitcoin sellers are doing a dramatic kick at the $109,000 line as the week clocks out on Wall Street, like bad dancers at a closing night party.

  • BTC could wander toward $100,000 on a whiplash of deleveraging, because apparently chaos loves an encore.

  • US PCE inflation offers no relief for crypto bulls – the universe remains allergic to sunshine and sparkles.

Bitcoin (BTC) flirted with September’s lows as Friday’s market open arrived, and inflation data refused to be the mood lightening the crypto crowd. 💅

Liquidity stacks up as Bitcoin price falls further

Data from CryptoMoon Markets Pro and TradingView showed BTC/USD flirting with a breakdown below the $109,000 mark, the kind of moment that makes you question your life choices and your risk appetite.

Exchange order-book liquidity remained chunky on both sides of the spot price, acting like magnets for momentum – the universe loves a pull when you’re trying to push.

On the largest global exchange, Binance, bids were clustered around $108,200, with short liquidations due at $110,000 and up, per data from CoinGlass.

“Bitcoin futures saw another wave of long liquidations as price moved below $111k,” onchain analytics platform Glassnode summarized in a post on X.

“This flush of leverage reflects a broad deleveraging event, often resetting market positioning and easing the risk of further cascades.”

Still, traders remained risk-averse, with BTC price targets toward $100,000 becoming more popular.

“$BTC is hovering just above its support level,” one market take from crypto investor and entrepreneur Ted Pillows read on the day. 

“If this level holds, Bitcoin could rally towards $112,000. In case of a breakdown, BTC will retest $101,000 support region before reversal.”

PCE data preserves Fed rate-cut bets

Macroeconomic events had little perceptible impact on the crypto market trajectory. The Personal Consumption Expenditures (PCE) index, known as the US Federal Reserve’s “preferred” inflation gauge, arrived in line with expectations at 2.7%.

Reacting, trading resource The Kobeissi Letter concluded that while PCE was at seven-month highs, the Fed would press ahead with the interest-rate cuts sorely wanted by crypto and risk-asset traders.

“PCE inflation is at its highest since February 2025. Yet, the Fed will keep cutting rates,” it told X followers.

Read More

2025-09-26 19:08