Bitcoin Hits Record $125,580 Amid $3.2 Billion ETF Inflows
Bitcoin Price Surge
- Bitcoin reached an all-time high of $125,580 on October 5.
- A five-day buying spree resulted in $3.2 billion inflows from Bitcoin ETFs.
- The Coinbase Premium Index has been positive for 30 consecutive days, showing strong US institutional demand.
- Current premium stands at +0.06, indicating aggressive institutional accumulation during recent price dips.
ETF Inflows and Institutional Activity
- Spot Bitcoin ETFs saw $986 million in inflows last week.
- Total ETF inflows reached $3.24 billion, marking the second-highest weekly inflow since January 2024.
- Institutional demand remains robust, even as short-term traders take profits.
Price Forecast
- Bitcoin has closed green in nine of the last ten trading days.
- Currently consolidating above key moving averages, with potential to reach $130,000 and possibly $150,000.
- RSI nearing 70 suggests possible mild retracements before further gains.
Pepe Node Presale
- Bitcoin's rally boosts interest in early-stage projects like Pepe Node.
- Offers up to 864% staking rewards through virtual meme coin mining rigs.
- Presale priced at $0.0010, has raised $1.16 million of a $1.3 million target.