ETFs Propel Crypto Growth Despite Unstable Market Risks

Technical analysis indicates that Bitcoin is trading within an ascending channel near $115,600, with important support at $114,600 and resistance set at $117,000. Should the price break above $117,000, it may head toward $120,000–$123,600, but falling below $114,600 could lead to a retreat to $111,800 or possibly lower. On-chain metrics reveal a mixed outlook, as traders have withdrawn a net $27 million, suggesting cautious buying. Experts note that if daily net outflows surpass $100 million, it would signal strong bullish momentum.

The introduction of Poland’s

BETA ETF has provided regulated market access, causing ETF trading volumes to surge 94% year-over-year to PLN 1.9 billion. This trend is in line with the increasing involvement of institutions, including strategies for corporate reserves promoted by figures like Michael Saylor, who anticipates more public companies will hold Bitcoin. Saylor’s “orange wave” idea, together with the liquidity provided by ETFs, supports Bitcoin’s growing role in established financial markets.

Institutional accumulation and regulatory progress are further shaping the market. Companies such as MicroStrategy are steadily adding to their Bitcoin holdings, while ETF approvals in the U.S. and Germany have made crypto investments more mainstream. By September 2025,

ETFs have attracted $2.4 billion in new capital within six days, surpassing the $827 million drawn by Bitcoin ETFs in the same timeframe. BlackRock’s leads this movement, with $1.79 billion in inflows, demonstrating significant institutional belief in Ethereum’s smart contract features and upcoming enhancements.

Nonetheless, volatility remains pronounced. On September 22, a sharp market drop led to $1.7 billion in liquidations, with both Ethereum and Bitcoin experiencing substantial declines. Ethereum’s value dropped nearly 9% to $4,075, while Bitcoin slipped 3% to $111,998, pushing the overall crypto market cap below $4 trillion. Analysts point to excessive leverage, regulatory ambiguity, and macroeconomic issues like rising Treasury yields as key factors. The selloff exposed the vulnerability of highly leveraged positions, with over 400,000 traders affected in a single day.

Although the market faces short-term instability, the long-term outlook remains positive. Institutional projections estimate Bitcoin could climb to $199,000 by the end of 2025, while some models foresee $200,000 in 2026. Ethereum is also expected to perform strongly, with price targets above $10,000 as adoption of stablecoins and corporate reserves increase demand. The 2024 Bitcoin halving and ETF-driven inflows have created a supply crunch, with ETFs absorbing 51,500 BTC in January 2025 alone.

Experts warn that broader economic risks—such as a possible delay in Federal Reserve rate cuts or regulatory resistance—might cause a 30% correction later in 2025. However, Bitcoin’s limited supply and dominance by institutions could help stabilize prices over the longer term. At present, traders are focusing on the support at $114,600 and watching the 200-day EMA at $105,885 as essential levels.