Overview

• U.S. spot Bitcoin ETFs took in $985 million on Oct. 3, marking a five‑day streak and lifting cumulative net inflows to roughly $60 billion, with BlackRock’s IBIT contributing about $792 million.
• Bitcoin is holding around $122,000–$123,000 after reclaiming $120,000, leaving resistance near $123,500–$125,000 as the next hurdle to a fresh all‑time high.
• JPMorgan raised its year‑end target to $165,000, and Standard Chartered points to a rapid move toward $135,000 with scenarios up to $200,000, citing shutdown‑related risk as a tailwind.
• Options activity has flipped bullish with net call premiums concentrated at $136,000–$145,000 strikes, while rising futures open interest signals growing participation.
• On‑chain and market structure data suggest accumulation and reduced selling pressure, yet technicians warn that losing support near $118,000–$116,000 could trigger a sharper pullback.