Bitcoin reclaimed the $76,000 zone after the Federal Reserve’s 25-basis-point rate hike, bringing its target range to 3.75%-4.00%. All four key demand gauges have weakened simultaneously: U.S. spot Bitcoin ETFs saw $450.4 million in net outflows on September 15, Realized Cap posted its first negative daily reading after 27 consecutive days of growth, stablecoin supply remains flat at around $301 billion, and corporate treasury purchases have sharply slowed to just 5,900 BTC over three months. The $76,700 level is the decisive inflection point: two daily closes above it would restore the prior range, while a second close below opens a path toward $71,300. The Fed maintained its hawkish stance with 16 of 18 policymakers projecting at least one more hike this year, with the median year-end rate near 4%-4.25%. The bullish year-end target of $100,000 remains viable only if ETF inflows return and Realized Cap growth resumes.
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