Bitcoin price has reclaimed the $117,000 mark, a milestone highlighted by Tether CEO Paolo Ardoino that signals technical and psychological strength; ETF inflows and low exchange reserves underpin this move, though traders should monitor Fed policy and liquidity for confirmation.
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Tether CEO flags $117,000 as a key level for Bitcoin price.
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ETF inflows ($292.27M daily) and low exchange reserves are supporting BTC momentum.
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Tether (USDT) market cap ~$171B and 92,646.2 BTC holdings (~$10.76B) increase the significance of corporate signals.
Bitcoin price hits $117,000 as Tether CEO signals market significance. Read latest BTC updates, ETF inflows, reserves data, and expert context — stay informed.
Published: 2025-09-17 | Updated: 2025-09-17 | Author: COINOTAG
Paolo Ardoino, CEO of Tether, finally spoke up about Bitcoin’s price — something he rarely does. His message was not a price prediction; Ardoino simply welcomed Bitcoin back at $117,000. That short acknowledgment carries weight because of who said it, not because it forecasts future moves.
The backdrop matters. Earlier this month the main cryptocurrency fell below $110,000 after a weak August. Since then, Bitcoin (BTC) has climbed more than $7,000, touching $117,272 today before easing to around $116,200 ahead of the Federal Reserve rate decision.
USDT sits at a roughly $171 billion market cap and remains the dominant trading pair across exchanges. Tether itself holds 92,646.2 BTC — equivalent to about $10.76 billion — which makes the company one of the largest direct corporate holders of Bitcoin. When the CEO highlights a price point, the market treats it as a marker worth tracking.
What does Tether CEO’s comment mean for Bitcoin price?
Bitcoin price gaining recognition from Tether’s CEO means a psychological and technical level has been acknowledged by a major market participant. This does not constitute investment advice, but such commentary can increase market attention and short-term volatility while reinforcing the $117,000 level as a reference point for traders.
Why is $117,000 significant?
$117,000 is significant because it combines technical resistance turned support and external liquidity signals. Recent data show $292.27 million in ETF inflows for the last day and continued low exchange reserves, which together support supply-demand dynamics. Tether’s large USDT market cap and its Bitcoin holdings add an extra layer of market attention when the firm’s leadership comments on price levels.
How can traders monitor confirmation after the $117,000 level?
- Watch ETF inflows and outflows daily for institutional demand cues.
- Track exchange reserves — declining reserves often signal accumulation pressure.
- Monitor macro events (Fed decisions) that can change risk appetite quickly.
- Use volume and on-chain metrics (e.g., active addresses, net flows) to confirm momentum.
Frequently Asked Questions
Is the Tether CEO predicting the next Bitcoin price move?
No. Paolo Ardoino’s comment is an acknowledgement of a level that matters to market participants. It is not a forecast but does highlight a technical and psychological reference point for traders and institutions.
How do ETF inflows affect Bitcoin price?
ETF inflows increase institutional demand for BTC, often translating into buy-side pressure that supports higher prices, especially when exchange reserves are low and market liquidity is constrained.
Key Takeaways
- Tether CEO recognition: A high-profile acknowledgment of $117,000 reinforces the level’s market significance.
- Liquidity drivers: $292.27M ETF inflows and low exchange reserves are current supportive factors.
- Actionable insight: Monitor ETF flows, exchange reserves, and Fed updates to assess the sustainability of the rally.
Conclusion
Bitcoin’s rebound to around $117,000 gains extra resonance because the CEO of the company behind the largest stablecoin called out the level. Combined with strong ETF inflows and tight exchange reserves, the move has both technical and liquidity-based support. Traders should continue to track institutional flows and macro developments for confirmation and risk management.
