A large number of institutional investors leave, indicating the future change of Bitcoin

In September 2025, Bitcoin price momentum stagnated, with ETF outflows reaching $1 billion for four consecutive days, setting the longest outflow record since April. Institutional investor sentiment changed, with the long-short ratio reaching 0.93, indicating bearishness. Resistance is at $118,086, while key support is at $111,855. IBIT leads GBTC’s $19.9 billion with an asset management scale of $84.2 billion, mainly due to lower fees. The future trend depends on the capital flow of ETFs and macro data such as PPI.