Bitcoin rises to $112,000, but hidden bear market

In early September, the price of Bitcoin once exceeded $112,000, but it was difficult to maintain the momentum above the key support level of $110,000. Derivative data reflects continued bearish sentiment, with Deribit put options skewed at 9%, and spot ETF funds outflows of $383 million. MicroStrategy has increased its holdings of 1,955 bitcoins, cementing its position as the largest corporate Bitcoin holder. Altcoins such as Solana and Dogecoin performed strongly, while market attention turned to the Fed's September policy resolution to find directional clues.