Overview

• U.S.-listed spot bitcoin ETFs took in about $3.24 billion in the week ended Oct. 3, the second-largest weekly inflow on record, according to SoSoValue.
• Exchange-held BTC has fallen to a six-year low near 2.83 million coins, pointing to accumulation and reduced tradable supply, per Glassnode data cited in reporting.
• Safe-haven narratives strengthened as the U.S. government shutdown and macro uncertainty encouraged allocations to hard assets alongside gold.
• Derivatives activity underscored near-term risk, with more than $200 million in BTC shorts liquidated over 24 hours and large long exposures that could magnify volatility.
• Technical focus centers on holding the breakout zone near $125,000, with support bands flagged around $117,000 to $119,500 by order-book and moving-average signals.