Overview

• Bitcoin briefly traded between roughly $125,200 and $125,700 on Sunday before easing, topping its prior August peak near $124,480.
• CoinGlass data showed about $985 million in net inflows to U.S. spot Bitcoin ETFs, among the largest daily totals since their launch.
• Traders cited a softer dollar, expectations for Fed rate cuts, government shutdown fears, and President Trump’s floated tariff-funded rebate as supportive factors.
• On-chain metrics pointed to exchange-held supply near six-year lows around 2.83 million BTC, a setup that can magnify price moves when buying accelerates.
• Market participants warned of elevated short-term volatility, noting thin weekend liquidity, a quick pullback toward $123,000, and growing short positioning near the highs.