Overview

• Bitcoin peaked near $126,198 on Oct. 6–7 before easing to the $120,000–$124,000 range, reflecting a brief consolidation after new highs.
• U.S. spot Bitcoin ETFs attracted about $1.19 billion on Oct. 6, led by BlackRock’s IBIT with roughly $966–970 million as the fund nears $100 billion in assets under management.
• Weekly net inflows into U.S. spot ETFs totaled roughly $3.2–$3.55 billion, while exchange balances have fallen to multi‑year lows near 2.83 million BTC, highlighting a tightening tradable supply.
• Profit‑taking sparked about $616 million in liquidations over 24 hours, and most analyst commentary characterizes the pullback as a normal pause within a continuing uptrend.
• Altcoins moved mixed as BNB broke above $1,300 to overtake XRP by market value, and policy narratives advanced with Sen. Cynthia Lummis saying Strategic Bitcoin Reserve funding can begin anytime and community speculation around Ripple’s unconfirmed OCC banking application influencing XRP sentiment.