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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Sep 23, 2025 07:39 UTC
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CryptoQuant: Bitcoin Price Awaits Breakout Ahead of U.S. Jobless Claims, GDP, and PCE Data
Bitcoin remains trapped between $112K and $113K as traders await new market triggers.
CryptoQuant shows CME futures, options, and Binance funding rates indicate cautious investor sentiment.
Meanwhile, U.S. economic reports this week could drive Bitcoin above $118K or down $107K.
Bitcoin kicked off the week with a sharp drop, slipping under $112K and wiping out last week’s one-month high. Since then, the price has been stuck in a tight range between $112K and $113K, leaving traders restless.
Many are now waiting to see Bitcoin’s next move, as investor caution grows ahead of three key U.S. economic reports this week, which could decide Bitcoin’s next big move.
What the Charts Are Showing
CryptoQuant’s analysis highlights three key indicators: CME futures, CME options, and Binance funding rates. Each of them tells the same story, investors are cautious, preparing for volatility, but not yet choosing a clear direction.
On Binance, funding rates have dropped toward neutral and even dipped slightly negative. This shows that bullish traders are no longer taking heavy risks. The good news is that the market is less likely to face sudden liquidation crashes.
But the bad news is that without strong long bets, Bitcoin also struggles to gain upward momentum unless new triggers appear.
CME Futures and Options Activity
Looking at CME, the go-to platform for institutional traders, CME futures open interest is sitting in the October–November expiry window. This suggests professional traders are hedging, not chasing rallies, waiting for clarity before making directional bets.
Meanwhile, CME options open interest tells another story. CryptoQuant Research notes a rise in both calls and puts, meaning traders are buying volatility instead of betting on one side.
As a result, Bitcoin stays trapped in a narrow band until some strong event breaks the balance.
US Economic Data Could Trigger Breakout
What makes the current Bitcoin situation even more delicate is the timing. The next few days are packed with heavy U.S. economic data. On Thursday, Jobless Claims, GDP, and Durable Goods Orders will hit the wires, giving investors a clearer picture of whether the U.S. economy is cooling down or still running hot.
Then on Friday, traders will get the Fed’s favorite inflation gauge, Core PCE, alongside consumer sentiment data.
If the numbers point to stronger inflation, Bitcoin could be dragged toward $107K. But if data shows the economy slowing and inflation easing, markets may expect an early Fed rate cut.
This could weaken the dollar and push Bitcoin toward $118K or more.
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FAQs
Bitcoin is consolidating because traders are cautious, awaiting key U.S. economic data that will influence the Federal Reserve’s future interest rate decisions.
Strong inflation data could push Bitcoin lower, while signs of a cooling economy could boost prices on expectations of a sooner Fed rate cut.
A slightly negative funding rate indicates reduced bullish leverage, which lowers crash risk but also means upward momentum needs a fresh catalyst
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