Overview

• Bitcoin traded around $121,000–$123,000 after touching a record above $126,000 this week and briefly slipping below $120,000.
• U.S. spot Bitcoin ETFs pulled in roughly $4.8 billion in early October, with volumes rising to spring highs as institutional demand strengthened.
• Glassnode data shows about 97% of supply is in profit, with market participants eyeing a larger support cluster near $117,000 if price cools.
• Futures open interest set new highs and funding rates topped 8% as options volatility ticked higher, while on‑chain reads show whales hedging and some chart indicators flashing sell warnings.
• Santiment reported a six‑month high in negative retail sentiment toward XRP that some view as a contrarian buy signal, and BNB recently moved ahead of XRP in market‑cap ranking.