All-Time Highs Driven by ETF Flows and Safe-Haven Demand
Bitcoin achieved a new record high of $126,100 on Oct. 6, 2025, marking its strongest performance in 24 hours with a 2.5% increase. The advance stems from unprecedented institutional activity, including a cumulative $3.55 billion in net inflows into US spot Bitcoin ETFs last week. These inflows have tightened available supply on spot markets, creating upward price pressure.
Following the peak, Bitcoin experienced a partial retracement to around $123,500, which aligns with the previous all-time high and now serves as critical support. Market participants note that this price level has shifted roles from resistance to a support zone, reflecting the strength of the underlying rally.
Macroeconomic Tailwinds
Macroeconomic uncertainty has bolstered Bitcoin’s appeal as a safe-haven asset. The ongoing US government shutdown and labor market concerns have led investors to seek refuge in non-correlated assets. Simultaneously, equity futures exhibit resilience, enabling risk appetite to persist alongside safe-haven flows.
Federal Reserve policy will remain in focus as traders anticipate communications later this month. A dovish stance could further amplify risk-asset rallies, whereas hawkish signals may trigger volatility around the current high price range.
Broader Market Performance
Ethereum climbed to $4,643.91, posting an 11% weekly gain, while other major assets followed suit. BNB reached $1,243 (+4.1%), Cardano rose to $0.8783 (+5.2%), XRP advanced to $3.04 (+3%), Solana hit $236.30 (+3.7%), and Dogecoin gained to $0.2687 (+6.1%). This synchronous performance across assets underscores market breadth in the latest uptrend.
Technical Outlook
- Support at $123,500: Reinforced by prior resistance.
- Next resistance near $130,000: Break above could trigger parabolic moves.
- Market Depth: Elevated open interest in futures suggests sustained trader engagement.
The convergence of ETF-driven flows and macro uncertainties has created the conditions for Bitcoin’s latest breakout, positioning the digital asset for potential further gains ahead of key policy events.
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