Overview
- Bitcoin peaked near $125,700 on Oct. 5 before easing into consolidation around the mid-$123,000s after a rapid spike to fresh highs.
- U.S. spot Bitcoin ETFs took in roughly $3.2 billion over the past week, a key driver cited across reports as institutional demand accelerated.
- Exchange-held supply fell to about 2.8–2.83 million BTC, a six-year low that reduced sell-side liquidity and amplified price moves.
- Market activity surged with 24-hour Bitcoin volume roughly doubling to about $76 billion as crypto liquidations reached around $427 million, including roughly $242 million in shorts.
- Macro tailwinds included a softer U.S. dollar and a federal government shutdown, while Bitcoin’s market value hovered around $2.5 trillion as analysts floated $135,000–$160,000 targets with caution over near-term volatility.