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Bitcoin surged previous $125K to a brand new all-time excessive (ATH) as Polymarket merchants eye $130K in ”Uptober.”
BTC pumped over 2% within the final 24 hours to commerce at $125,304.80 as of 12:55 a.m. EST, in response to CoinMarketCap. The king of cryptos has soared 13% up to now week.
BTC value chart (Supply: CoinMarketCap)
Polymarket Merchants Wager Bitcoin Will Attain $130K This Month As Sentiment Spikes
Merchants on the decentralized predictions market platform Polymarket imagine the most important crypto by market cap nonetheless has room to climb.
In a contract asking how excessive the Bitcoin value will climb in October, the largest odds have been positioned on $126K, with merchants on the platform predicting a 94% probability that BTC will attain that milestone this month.
The subsequent-biggest odds of 69% have been positioned on Bitcoin reaching $130K this October. Some 33% of betters put cash on the Bitcoin value hovering as excessive as $135K.
Backing the Polymarket merchants’ bullish outlook is the truth that October has been a traditionally optimistic month for the Bitcoin value. Since 2013, there have solely been two cases the place BTC has not gained in October, in response to information from Coinglass.
Bitcoin has recorded features for the previous six Octobers and in lots of earlier years it has printed double-digit features throughout the month. It is up over 8% for the month thus far.
Crypto buyers are in upbeat temper, with the Crypto Worry & Greed Index doubling in simply the previous week.
Crypto Worry & Greed Index (Supply: Different.me)
The index, which is a commonly-used device to gauge sentiment out there, at the moment stands at a “Greed” rating of 74. Only a week in the past, the index confirmed “Worry” out there with a studying of 37.
Institutional buyers have been piling into spot Bitcoin ETFs (exchange-traded funds). Previously week, $3.2 billion has flowed into these merchandise, marking their second-best week on report, in response to information from Farside Traders. The earlier week, the merchandise recorded internet outflows of $902 million.
The Bitcoin ETFs have now generated over $60 billion in influx since Jan 2024https://t.co/04S8jMGSPF pic.twitter.com/lludT0BMuz
— Farside Traders (@FarsideUK) October 4, 2025
The spot BTC ETFs are additionally on a five-day inflows streak after recording practically $1 billion in internet every day inflows on Friday. BlackRock’s IBIT continued to dominate, with over $1.7 billion internet inflows final week.
4-Hour Liquidations Soar As BTC Rises
Bitcoin’s newest ATH above $125K caught some merchants without warning, particularly those that have been anticipating the main crypto’s value would drop.
Previously 4 hours, liquidations out there hit $174.4 million. In the meantime, solely $17.67 million bought liquidated from lengthy positions throughout the identical interval. A lot of the brief liquidations have been Bitcoin trades, with $136.13 million getting worn out from these positions up to now 4 hours.
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