Overview

• Bitcoin pushed through prior highs during Asia trading on Oct. 5, topping roughly $125,500 and marking a fresh all-time peak.
• U.S.-listed spot bitcoin ETFs took in about $3.24 billion in the week ended Oct. 3, the second-largest weekly haul on record, according to SoSoValue data reported by CoinDesk.
• Exchange balances fell to roughly 2.83 million BTC, the lowest since 2019, with more than 114,000 BTC leaving platforms over two weeks, signaling reduced on-exchange supply.
• Derivatives positioning is stretched, with elevated open interest and analysts warning that roughly $20 billion in long bets could face liquidations if momentum stalls.
• Major banks lifted outlooks, with JPMorgan raising its year-end target to $165,000 and Standard Chartered projecting a near-term run toward $135,000, as investors also rotated into gold and ETH-linked ETFs saw renewed inflows.