Bitcoin Surges to $110,000 on September 2nd — Where Could It Go Next?

Updated

September 2, 2025

Gambar Bitcoin Surges to $110,000 on September 2nd — Where Could It Go Next?

Jakarta, Pintu News – “Bitcoin is still at a discount,” says Michael Saylor. After the price of Bitcoin closed down 6.5% during the month of August from its opening price of $115,778, that statement makes a lot of sense.

On the other hand, MicroStrategy (MSTR) bought Bitcoin in three tranches during the month, with an average purchase price of $116,168 per coin.

But now, the position has an unrealized loss of 7.3%. Could MSTR’s move be considered a risk-off strategy, which might make traders more cautious and reinforce the notion that BTC’s bullish trend has yet to bottom out?

Bitcoin Price Rises 2.47% in 24 Hours

bitcoin price today — Source: Pintu Market

On September 2, 2025, Bitcoin was priced at $110,254, equivalent to IDR 1,819,159,078 — marking a 2.47% increase over the past 24 hours. During this period, BTC hit a low of IDR 1,771,571,044 and peaked at IDR 1,821,146,647.

At the time of writing, Bitcoin’s market capitalization sits at approximately IDR 35,905 trillion, while its 24-hour trading volume has surged 32% to IDR 694.76 trillion.

MSTR Bitcoin Betting Test Macro Volatility

September opens with a packed economic calendar, which is expected to move markets.

Key Events This Week:

1. US Markets Closed, Labor Day – Monday

2. August ISM Manufacturing PMI data – Tuesday

3. July JOLTS Jobs data – Wednesday

4. August ADP Nonfarm Employment data – Thursday

5. Initial Jobless Claims data – Thursday

6. August Jobs Report – Friday

It's…
— The Kobeissi Letter (@KobeissiLetter) August 31, 2025

Important data such as ISM Manufacturing PMI, employment data, initial claims for unemployment benefits, trade balance, nonfarm payrolls, and unemployment rate will all be released in the first week-a period that has historically been bearish for Bitcoin (BTC).

However, the main focus of the market is on the FOMC meeting on September 17, where most market participants expect an easing of monetary policy. Currently, 86.4% expect a rate cut, 13.6% no change, and 0% expect a hike, making this week’s economic data releases crucial to support BTC’s potential bullish rally.

In simple terms, the current state of the US macroeconomy is crucial to support MicroStrategy’s (MSTR) bet against Bitcoin.

The logic is clear: July headline CPI came in at 2.7%, slightly below the projected 2.8%, while core CPI rose by 0.3%, in line with expectations-the sharpest monthly increase in six months, suggesting inflation is still under control.

The result? The Fed (FOMC) kept interest rates on hold, Bitcoin hit rock bottom, and then shot up to a record high of $124,000 in the previous bull cycle.

Now the question is: are the current macro conditions strong enough to drive a similar BTC rally, while supporting MSTR’s position?

$100,000 Support is Critical Point for BTC Bull Run Continuation

September has historically been a difficult period for Bitcoin (BTC).

On average, BTC recorded a -3.5% decline on a monthly basis (MoM ROI)-the only month of the year where consistent losses dominated. This follows June’s mild negative result of -0.14%. This seasonal pattern is a major concern for traders in managing fund flows.

Additionally, on-chain data showed a huge spike in realized gains by new BTC whales, becoming the highest in over a month.

Interestingly, the first significant spike was recorded in mid-July, just as BTC’s bull run peaked at $123,000. In short, the “smart money” appears to continue repositioning tactically.

In fact, there was no buying in the market panic (“buy the fear”) from the whales, which contrasts with MicroStrategy’s (MSTR) aggressive strategy of buying BTC. Traders seem to be bracing for a typical September correction, despite the market expecting a rate cut.

But in reality, the Fed does not have a strong impetus to cut rates amid new post-tariff economic risks, so the likelihood of a cut seems small.

In conclusion, the market signals are bearish, and the $100,000 level is now an important support zone as well as a potential pivot point for the continuation of BTC’s bullish trend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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