Bitcoin Soars to 125k: ETFs, Flares, and the Market’s Midnight

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Bitcoin, that sly demon of numbers, crowned itself anew on Sunday, the price peeking at $125,770 on Coinbase, as if to wink at the auditors and the coffee-fueled optimists.

In the preceding week, the U.S. Spot Bitcoin ETFs coaxed in a torrent of coins-27.78K BTC, the kind of inflow that makes even the Fed clutch its ledger with envy. A green week, darling, and not because of the fashion trends in the currency market. Is the stage now set for a huge multi-month surge to the cycle highs? 😏

U.S. Spot Bitcoin ETFs pull in large weekly inflow

Last week was green through the crucible of the market, as the U.S. Spot Bitcoin ETFs poured money into the act of buying Bitcoin, crescendoing on Friday when 8.18K BTC were snapped up in a single day, contributing to a total weekly inflow of 27.78K BTC. The opera of liquidity played on, with the crowd waving their digital confetti. 🥂

Long term holders finished selling?

The one sour note in this symphony is whether the long‑term holders have finally folded their umbrellas and cashed in their chips. On-chain whispers from Glassnode and Cryptoquant suggest a conservative tally of long‑term selling since July between 350,000 and 400,000 BTC. A dramatic reset, or merely the prelude to another encore? The blockchain keeps the receipts. 😼

Are $BTC buyers exhausted yet?

While a fresh all‑time high graced the ledger on Sunday, a hint of reversal circulates like a rumor in a Moscow hallway. After leaving a couple of stout wicks to the upside on the 4‑hour chart, the price seems poised to roll over. The RSI flirts with cooler air, descending from its overbought lair, and 50.00 may become a polite floor if the descent continues. 😂

In price action, a flag may begin to form-an honest, healthy pattern that could grant the shorter-term Stochastic RSIs time to reset to the bottom, and then salute the next upward leg with a theatrical bow.

Of course, as has been the habit since breakout, the BTC price could simply carry on climbing. Bullish sentiment has returned to Bitcoin, and dips for buying have become ever shallower, like a magician revealing fewer tricks with each flourish. 💹

Channel breakout move to $129,500?

The BTC price continues to trade near the level of the previous all-time high. Beneath it, a belt of support stretches from $120,000 down to $117,000. While a test of these levels is possible, the measured move of the descending channel breakout-if it plays out-would carry the price to $129,500. 🪙

At the chart’s base, the RSI approaches a nearly year‑long descending trendline. A breakout through this trendline and a climb to the 85.00 level would silence bearish divergence like a respectful nod to the gods of momentum.

Big move coming

The two‑week view shows supports hardening into a sturdy base under the price. $117,000 now sits as the next critical support on the descent; test it at week’s end, and price discovery could beckon. The RSI sits against the descending line from Q1 2024, and a breakthrough above would ring a bullish bell. The Stochastic RSI has already crossed upward, and the stage is set for a dramatic finish to the year-perhaps with a wink and a bang. 😈

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2025-10-06 12:53