- Bitcoin printed a new all-time high above $125,000, with peaks around $125,580 across major venues.
- Spot Bitcoin ETFs attracted about $3.24B in net inflows last week, including roughly $986M on Friday.
- Coinbase Premium Index has stayed positive for 30 consecutive days, now near +0.06, hinting at persistent US institutional bid.
- Nine green sessions out of the last ten keep momentum strong; analysts eye $130k–$150k while noting overbought risks.
Bolstered by sustained demand, Bitcoin climbed to new all-time highs above $125,000 over the weekend, with intraday prints hovering near $125,580 on leading exchanges. The move capped one of the asset’s most robust multi-session advances in months and kept sentiment broadly constructive despite brief pullbacks.
Behind the surge was a wave of capital into regulated vehicles: spot Bitcoin ETFs took in about $3.24 billion last week (including roughly $986 million on Friday), according to Farside Investors. At the same time, CryptoQuant’s Coinbase Premium Index remained positive for 30 straight days, currently around +0.06, pointing to steady US institutional interest even as volatility persists.
What pushed BTC to fresh records
On-chain and market data suggest that accumulation remained firm through late September’s volatility, when prices briefly slid from about $124,500 toward $108,683 before snapping back. That bid showed up in the persistent premium on Coinbase—often seen as a proxy for US-regulated and corporate flows—helping to underpin higher price discovery.
Technical picture and key levels
From a trend perspective, Bitcoin has closed green in nine of the last ten sessions, busting through near-term resistance and shifting decisively into price discovery. BTC is holding above the 5-, 8- and 13-day moving averages, a constructive alignment that typically supports pullback buys in strong trends.
Indicators are broadly supportive, too. The Parabolic SAR sits below ~$113,000, suggesting underlying support on dips, while the market has invalidated a late-September “death cross” area around ~$118,461. Traders are watching these zones as potential cushions if momentum cools.
To the upside, participants are eyeing a psychological waypoint near $130,000 and, if momentum persists, tentative probes toward the $150,000 region. That said, an RSI approaching 70 hints at short-term overbought conditions, making moderate pullbacks likely before any further extension.
Broader backdrop: adoption and market breadth
Beyond Bitcoin, crypto market breadth has improved, with total digital asset capitalization near $4.24 trillion, according to select market estimates. Analysts note that this cycle’s leadership skews more institutional than in prior eras, reinforcing the idea of crypto’s growing integration into diversified portfolios rather than purely speculative fervor.
Market commentary has emphasized a shift in tone: flows, governance and compliance now feature more prominently in investor conversations alongside narratives about blockchain scalability and utility. While volatility remains a defining characteristic, the structure of participation is evolving.
What to watch next
In the near term, traders are focused on whether ETF inflows stay elevated and if the Coinbase premium remains positive—two signals that have aligned with the latest breakout. Macro-wise, the path of the US dollar, interest rate expectations and regulatory headlines will likely shape the amplitude of any pullbacks or extensions.
For now, Bitcoin’s latest milestone reflects a market where institutional demand, liquidity and favorable positioning have converged. While risks of shakeouts persist, the tape points to a constructive bias so long as key supports hold and participation remains broad.
With record levels above $125k, multi-billion-dollar ETF inflows, a month-long US premium and nine green sessions anchoring the story, attention turns to whether the market can absorb profit-taking and build a base for attempts at $130,000—and potentially $150,000—over the coming weeks.
