Overview

• U.S. spot Bitcoin ETFs drew about $1.19 billion on Oct. 6, the second-largest daily haul since launch, with BlackRock’s IBIT taking roughly $970 million and closing in on $100 billion in assets.
• Bitcoin briefly set a new intraday high near $126,198 before easing to around $124,000, with analysts citing resistance in the $126,000–$130,000 zone and a risk of retracement if $123,000 fails.
• On-chain data show continued accumulation and a supply squeeze, including exchange balances near a six-year low of roughly 2.83 million BTC and sizable net withdrawals over the past month.
• Market drivers include U.S. government shutdown uncertainty, a softer dollar and expectations for easier policy, while analysts note retail participation remains muted compared with institutional flows.
• Broader crypto gains continued as BNB notched new highs above $1,300 and ETH held above $4,600; XRP hovered near $3 on unconfirmed chatter about a Ripple OCC banking license, and Michael Saylor said Strategy would pause BTC buys this week.