Overview

• Bitcoin briefly traded around $125,700 on Sunday, surpassing its prior August peak near $124,480 before easing back.
• Industry trackers reported heavy buying through U.S. spot Bitcoin ETFs, including roughly $985 million in a single day and about $3.24 billion over the week.
• Analysts cited a weaker U.S. dollar, expectations for Federal Reserve rate cuts, and uncertainty around a potential government shutdown as supportive forces for risk assets.
• Coinglass data showed roughly $427 million in crypto liquidations over 24 hours with a large share from shorts, underscoring elevated volatility during the breakout.
• Commentary framed the move as institutional repositioning via ETFs, while cautioning that thin weekend liquidity and stretched momentum could invite near‑term pullbacks.