Overview

• Bitcoin slipped as low as $119,713 before stabilizing around $121,000 after setting new highs near $126,000 earlier this week.
• U.S. spot Bitcoin ETFs logged a multi‑day streak of positive flows, including about $197.6 million on Oct. 9, with October net inflows topping $5 billion across funds.
• Derivatives stress persisted with more than $600 million in liquidations over 24 hours, and roughly $4.7 billion in Bitcoin options expiring Oct. 10 with a max pain near $118,000.
• On‑chain data show long‑term holders sold roughly 295,000 BTC over 30 days, while CryptoQuant flagged short‑term holders’ average cost basis near $112,200 as a potential support.
• Gold’s surge toward $4,000 and a U.S. government shutdown have cooled risk appetite, as analysts debate scenarios from a pullback toward $110,000–$115,000 to renewed targets above $150,000.