The $16 billion Bitcoin test in September: September 25 could be decisive

net inflows into US spot Bitcoin ETFs, versus only $6.1 million during the previous five sessions.
reported inflows do not reveal the amount that was hedged. The same applies to the daily change in open futures contracts, since new hedges can replace positions closed by other traders.
in the meantime, it raised its rates. Its decision on September 16 moved the target range from 3.75% to 4%. The median projections from officials call for rates of 4.1% by the end of 2026 and 2027. This uptick occurred while these projections still point to monetary tightening.
capital inflows continue, and if Bitcoin holds onto its gains after these deadlines. That would confirm a more durable advance. If demand from funds starts to wane as bullish positions…