Bitcoin Finds Support at Short-Term Holder (STH) Cost Basis as ETF Momentum, Reduced LTH Selling and Options Reset Fuel Cautious Q4 Bullish Outlook

COINOTAG News reported on October 2 that on-chain analytics firm Glassnode identified Bitcoin finding support around the Short-Term Holder (STH) cost basis, a development that coincides with diminished sell-side pressure from long-term holders (LTH) and ongoing ETF inflows. Following options expiry, the derivatives market completed a tactical reset as open interest (OI) re-accumulated, while market volatility eased, suggesting a period of consolidation rather than abrupt directional moves. Net fund flows into crypto products have trended toward a cautious bullish stance for Q4, indicating measured investor risk appetite without implying guaranteed upside. The combination of on-chain support levels and stabilized derivatives metrics points to improved market structural resilience.