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Bitcoin Sets New Record Above $125,000 Before Pullback as ETF Demand Tightens Supply

Surging spot‑ETF inflows tightened effective supply on exchanges, leaving traders focused on whether those flows continue.

Overview

  • Bitcoin spiked to roughly $125,700 during Asian trade on Sunday before easing to the low $123,000s.
  • Reports cite heavy buying through U.S. spot Bitcoin ETFs, including weekly net inflows around $3.24 billion.
  • CoinGlass data referenced in coverage shows about $985.10 million in net inflows, described as the second‑largest since January’s launch.
  • Exchange‑held balances have fallen to roughly 2.83 million BTC, a six‑year low that reduces immediate sellable supply and can magnify price swings.
  • Traders highlight key levels near $124,000 resistance and the four‑hour 50‑EMA around $118,000, with volatility elevated on thin weekend liquidity and macro factors such as a softer dollar and policy risks in Washington.