Bitcoin Near All-Time High on ETF Inflows

Bitcoin is trading around $122,000–$124,000, within a few percent of its all‑time high and pushing Bitcoin’s market capitalization above $2.4 trillion. Strong institutional demand underpins the move: U.S. spot Bitcoin ETFs recorded roughly $985.08 million of inflows on Oct. 3, with BlackRock’s IBIT contributing about $791.55 million, and total ETF assets near $164.5 billion (≈6.7% of BTC market cap). On‑chain analytics show mid‑sized holders (100–1,000 BTC) rotating into accumulation while smaller retail cohorts remain neutral and whales show mixed behavior. Rising volumes, a reported $1.6 billion taker‑buy surge and a heightened Coinbase premium have amplified momentum and put price discovery within reach. Macro factors — a U.S. government shutdown, softer jobs data and higher odds of Fed rate cuts — have boosted risk‑on flows into crypto and bullish expectations. These dynamics are tempered by standard market risks and data caveats: crypto is highly volatile, on‑site data can be non‑real‑time, and trading carries the risk of losing your investment.