Overview

• Spot crypto ETFs drew about $934 million in net inflows on Oct. 2, with roughly $627 million to Bitcoin funds and $307 million to Ethereum products, marking a continued run of intake.
• Bitcoin broke above $121,000 as the total crypto market value climbed to about $4.1–$4.2 trillion, while Ethereum hovered near $4,500, BNB hit a $1,111 record, and Solana traded around $230.
• Roughly $390–$393 million in crypto positions were liquidated over 24 hours, including about $274 million in shorts, with data showing elevated open interest and sensitivity to further upside.
• CryptoQuant’s on-chain model placed a short‑term holder profit‑taking upper range near $130,000, and JPMorgan raised its year‑end Bitcoin target to $165,000.
• The U.S. partial government shutdown delayed key economic data, the dollar slipped, and markets increased bets on a near‑term Fed rate cut, factors cited as supportive for risk‑on flows.