Overview

• U.S. spot Bitcoin ETFs drew about $1.18–$1.19 billion on Oct. 6, the second-largest daily intake since launch, helping drive a peak near $126,198 before prices steadied around $124,000.
• BlackRock’s IBIT led with roughly $967–$970 million and is nearing $100 billion in assets, with about 783,767 BTC disclosed on its website.
• ETF demand remains elevated, including roughly $3.47 billion across the first four trading days of October and about $3.2 billion over the past week for U.S. Bitcoin funds.
• Macro currents supported flows as a U.S. government shutdown, a softer dollar and expectations of easier Fed policy reinforced the ‘debasement trade’ into Bitcoin and gold.
• Risk gauges flashed caution, with derivatives open interest near a record $233.5 billion and higher Binance leverage, even as exchange balances fell to a six‑year low, signaling tighter supply but rising fragility.