According to @paoloardoino, Bitcoin is at $117,000 as stated in his X post on Sep 17, 2025, saying “Welcome back BTC@117k” (Source: @paoloardoino on X). Traders should verify spot price on regulated indices such as the CME CF Bitcoin Reference Rate or on leading USD spot venues like Coinbase before executing momentum or breakout strategies (Sources: CME Group; Coinbase Exchange Market Data). Derivatives participants can gauge leverage conditions by monitoring perpetual funding rates and open interest to assess potential squeeze risk around the $117k handle (Source: Binance Futures Market Data). Order-book depth around round numbers such as $120,000 should be reviewed to manage slippage and liquidity impact during entries and exits (Sources: Coinbase Exchange Order Book; Binance Spot Order Book).