Overview

• Price briefly touched roughly $125,700 during early Asia trade on October 5 before easing into consolidation around $123,000–$124,000.
• U.S. spot Bitcoin ETFs drew about $3.2 billion in net inflows for the week, with analysts pointing to renewed institutional demand as the primary catalyst.
• On‑chain data show exchange balances near a six‑year low of roughly 2.83 million BTC, while thin weekend liquidity contributed to sharp intraday spikes and pullbacks.
• Large holders realized about $838 million in profits from October 1–3, a pattern that on‑chain analysts say could foster short‑term cooling despite a bullish structure.
• Forecasts for the next leg range from about $135,000 to $160,000, though several analysts caution that corrections toward key supports near $117,000–$120,000 remain likely as macro uncertainty, including the U.S. government shutdown, lingers.