As of September 4, 2025, the current price of Bitcoin is $110,600.
Let's first talk about yesterday's situation. Bitcoin's price trend resembled a "spindle." What is a "spindle"? It means little price fluctuation and decreased trading volume. However, in the short term, those who want to buy Bitcoin (buyers) have a temporary advantage.
Looking at on-chain data, Bitcoin's overall turnover rate increased slightly yesterday, but remained within a reasonable range, with no obvious panic. Turnover rate represents the frequency with which Bitcoin changes hands. It was primarily traded by those with a capital investment of over $100,000, while those who bought Bitcoin early and have held on to it have remained relatively stable.
URPD data also shows that 1.541 million Bitcoins are accumulated in the price range of $100,500 to $107,000, and 1.488 million Bitcoins are accumulated in the $93,500 to $98,500 range. This suggests that many Bitcoin holders have cost considerations in these price ranges.
Overall, Bitcoin is likely to experience an oversold rebound in the short term. The period from September 7th to 29th is crucial and warrants close attention. Currently, there's a short-term cost line around $112,700. If Bitcoin can successfully break back above this level, it would signal a rebound. We can then focus on the crucial $115,000 level. However, if Bitcoin fails to break even above $112,700, it could trigger further selling, forcing the market to find new support.
In addition, tonight's NFP and Friday's NFP figures are crucial and could impact market sentiment. These figures act like two mysterious forces, potentially influencing Bitcoin's price trajectory.