Bitcoin Hits $126,080 on Record ETP Inflows

Bitcoin surged to fresh records this week, topping $125,000 and reaching as high as $126,080, extending a rally that has roughly doubled the cryptocurrency year‑to‑date. Massive institutional demand was a primary driver, with U.S. spot Bitcoin ETFs seeing roughly $3.2–$3.55 billion of inflows last week (some reports note $3.24bn) and global crypto ETP inflows near $5.95 billion. Tightening supply dynamics — including exchange reserves near six‑year lows at about 2.83 million BTC and around $1.3 billion of reported corporate treasury purchases — further magnified buying pressure. Options markets show a bullish skew with traders eyeing resistance in the $135,000–$150,000 area, but analysts caution that the institution- and corporate-led nature of the rally could increase liquidation risk and complicate traditional cycle forecasting. Ethereum also saw rising institutional flows, with Fidelity’s spot ETH ETF registering a notable $23.5 million inflow on Oct. 7, reflecting broader demand for crypto investment products.