Bitcoin on Monday recorded a fresh all-time high just above $126,000 as cryptocurrencies continue their uptrend in the first week of October.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$125,568</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,699</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$235.75</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$3.04</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2692</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001296</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 147,328 traders were liquidated in the past 24 hours for $304.31 million.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</li>



<li>In the past 24 hours, the top gainers include Starknet (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">STRK</a>), PancakeSwap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/cake/usd">CAKE</a>) and Mantle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MNT</a>).</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48052400/grayscale-launches-wall-streets-first-ethereum-solana-staking-etfs">Grayscale Launches Wall Street&#8217;s First Ethereum, Solana Staking ETFs</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48051073/chatgpt-says-solanas-240-test-could-decide-its-entire-bull-run">ChatGPT Says Solana&#8217;s $240 Test Could Decide Its Entire Bull Run</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48041882/bitcoin-targets-130000-and-this-supertrend-indicator-just-flipped-bullish">Bitcoin Targets $130,000—And This &#8216;Supertrend&#8217; Indicator Just Flipped Bullish</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48040641/bitcoins-125000-all-time-high-proves-this-pattern-you-should-keep-watching-analyst-says">Bitcoin&#8217;s $125,000 All-Time High Proves This Pattern You Should Keep Watching, Analyst Says</a></li>



<li><a href="https://www.benzinga.com/markets/equities/25/10/48046864/strategy-rewrites-corporate-playbook-with-3-9b-bitcoin-gain-mstr-to-break-out">Strategy Rewrites Corporate Playbook With $3.9B Bitcoin Gain—MSTR To Break Out?</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48034792/anthony-pompliano-says-stocks-are-not-productive-enough-if-they-get-beaten-by-bitcoin-and-gold-btc-is-the-hurdle-rate">Anthony Pompliano Says Stocks Are Not &#8216;Productive Enough&#8217; If They Get Beaten By Bitcoin And Gold: BTC Is The &#8216;Hurdle Rate&#8217;</a></li>
</ul>



Trader Notes: Crypto trader Kaleo <a href="https://x.com/CryptoKaleo/status/1975252231948763209">noted</a> that historically, October is Bitcoin's second most bullish month with an average gain of 15.33%, while November tops all months with an average surge of 40.33%. 



The current BTC rally is still in its early stages.



Rekt Capital observed that Bitcoin's Price Discovery Correction 2 has ended. While shallower than previous cycles, its duration mirrored 2017 and 2021. BTC is now positioned to enter Price Discovery Uptrend.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Price Discovery Correction 2 is over In the end, it was indeed shallower but it took roughly the same amount of time to resolve as in previous cycles (2017, 2021) Now, Bitcoin is on the cusp of entering Price Discovery Uptrend 3<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/YdXQqHd82w">https://t.co/YdXQqHd82w</a> <a href="https://t.co/n7xvcr8aTo">pic.twitter.com/n7xvcr8aTo</a>&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1975255194146648407?ref_src=twsrc%5Etfw">October 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Traderview2 <a href="https://x.com/traderview2/status/1975256699733700636">highlighted</a> that each upward move in the ongoing grind has triggered clusters of short liquidations. 



The perpetuals market remains bearish and unable to sustain the rally, whereas spot buying has been the main driver. Continued spot demand could force more shorts to cover, adding upward momentum.



Ted Pillows <a href="https://x.com/TedPillows/status/1975238370117706115">pointed</a> out that Bitcoin has surged nearly 10% since the U.S. government shutdown, demonstrating that major negative events can sometimes spark strong bullish moves.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48050514/heres-why-paul-tudor-jones-just-called-bitcoin-very-very-appealing">Here&#8217;s Why Paul Tudor Jones Just Called Bitcoin &#8216;Very Very Appealing&#8217;</a></li>
</ul>



Image: Shutterstock

Bitcoin Notches Fresh All-Time High, Ethereum, XRP, Dogecoin Continue 'Uptober' Uptrend

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and BitMine Immersion Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BMNR">BMNR</a>) are moving in lockstep, with ETH reclaiming $4,700 and BitMine stock rising more than 9% on the back of its massive <a href="https://www.benzinga.com/trading-ideas/movers/25/10/48051330/bitmine-stock-is-rallying-monday-whats-fueling-the-momentum">$13.4 billion crypto treasury.</a>



<h3 class="wp-block-heading">Ethereum Price Breakout Clears $4,600 With $5,000 Now In Sight</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="2048" height="1461" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135.png" alt="" class="wp-image-1100689" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135.png 2048w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135-300x214.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135-1024x731.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135-768x548.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135-1536x1096.png 1536w" sizes="(max-width: 2048px) 100vw, 2048px" /></figure>



<a href="https://in.tradingview.com/symbols/ETHUSD/">ETH Key Technical Levels (Source: TradingView)</a>



Ethereum has broken above the triangle structure that capped price since August, with buyers lifting the token through $4,600 resistance.&nbsp;



Trading volume and on-balance flows confirm renewed inflows, while moving averages stacked above $4,300 provide a strong base.



The breakout puts $5,000 back in focus, with potential extension toward $5,200 if momentum continues.&nbsp;



Analysts note that defending $4,500–$4,600 is essential for sustaining the move.



<h3 class="wp-block-heading">BitMine Stock Jumps On ETH Bet</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="2048" height="1371" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135.png" alt="" class="wp-image-1100688" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135.png 2048w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135-300x214.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135-1024x731.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135-768x548.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06140110/image-135-1536x1096.png 1536w" sizes="(max-width: 2048px) 100vw, 2048px" /></figure>



<a href="https://www.tradingview.com/symbols/AMEX-BMNR/technicals/">BMNR Technical Analysis (Source: TradingView)</a>



BitMine Immersion, the largest corporate Ethereum holder, advanced more than 9% to trade above $62, breaking through its descending trendline and testing the top of a cup-and-handle structure.



The company disclosed holdings of 2.83 million ETH worth $12.8 billion as reported on Oct. 5, alongside $456 million in cash and $113 million in equity stakes. 



Its balance sheet exposure makes BMNR a direct proxy for Ethereum's price.



<h3 class="wp-block-heading">Treasury Scale And Market Impact</h3>



BitMine ranks as the world's largest Ethereum treasury and the second-largest crypto treasury overall, behind Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MSTR">MSTR</a>).&nbsp;



Chairman Thomas "Tom" Lee <a href="https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-announces-eth-holdings-exceeding-2-83-million-tokens-and-total-crypto-and-cash-holdings-of-13-4-billion-302575490.html">said</a> the company's goal is to reach ownership of 5% of total ETH supply, calling it part of the "two supercycle narratives" of artificial intelligence and cryptocurrency.



Lee told investors that Ethereum's role as the base layer for Wall Street adoption and blockchain AI integration will be "one of the biggest macro trades over the next 10 to 15 years."



<h3 class="wp-block-heading">Why It Matters</h3>



The rise of BitMine as Ethereum's largest corporate holder marks a turning point in how equity markets price crypto exposure.



Unlike Bitcoin, where ETFs dominate headlines, Ethereum's corporate treasuries are quietly shaping a parallel playbook.



BitMine's ambition to own 5% of ETH supply would make it larger than most sovereign reserves and rival traditional commodity stockpiles.



The company's dual framing of Ethereum as both financial plumbing for Wall Street and infrastructure for AI creates a rare macro crossover.



This positions ETH not just as a cryptocurrency, but as the backbone of two of the century's biggest investment themes.



If ETH sustains above $4,600, BMNR's chart projects a retest of $70 and potentially a move toward $130, tying equity upside directly to Ethereum's trajectory.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48051864/hsdt-follows-michael-saylors-playbook-with-530m-solana-bet-is-this-the-next-mstr">HSDT Follows Michael Saylor&#8217;s Playbook With $530M Solana Bet—Is This The Next MSTR?</a></li>
</ul>



Image: Shutterstock

Ethereum, BitMine Just Broke Out — And $5,000 ETH, $130 BMNR Could Be Next

Grayscale <a href="https://www.benzinga.com/money/what-is-cryptocurrency-staking">is introducing staking</a> for its Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) offerings, including the Grayscale Ethereum Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/ETHE">ETHE</a>), the Grayscale Ethereum Mini Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/ETH">ETH</a>), and the Grayscale Solana Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GSOL">GSOL</a>).



What Happened: As <a href="http://cryptoinamerica.com/p/wall-street-gets-its-first-staking">reported</a> on Monday by former Fox Business journalist Eleanor Terrett, the news comes after the SEC approved generic listing standards for crypto ETPs and clarified that staking activities do not violate securities laws.



Staking allows investors to lock tokens to secure a blockchain network in exchange for rewards, effectively earning yield simply by holding assets.



The yield will be distributed in the following ways:



<ul class="wp-block-list">
<li>For ETHE, staking rewards will be distributed directly to investors.</li>



<li>For ETH and GSOL, returns will be gradually reflected in the fund's price.</li>



<li>GSOL is expected to be uplisted as a full ETP soon, aligning with anticipated SEC approvals for more spot Solana products.</li>



<li></li>
</ul>



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48050514/heres-why-paul-tudor-jones-just-called-bitcoin-very-very-appealing">Here&#8217;s Why Paul Tudor Jones Just Called Bitcoin &#8216;Very Very Appealing&#8217;</a>



Why It Matters: Grayscale filed its staking addendum with the SEC on Monday and will rely on institutional partners like Coinbase and validator networks to manage the staking process. 



Previously, the lack of staking rewards was cited as a barrier to Ethereum ETF adoption compared with Bitcoin ETFs, which now hold $164.5 billion versus Ethereum's $30.5 billion.



Interest in Ethereum funds has surged alongside ETH's 156% rally over six months, outpacing Bitcoin's 50% gain and pushing ETH near a $5,000 all-time high in September.



Grayscale CEO Peter Mintzberg described the launch as "first-mover innovation," signaling plans to expand staking across more products and narrow the gap with BlackRock's dominant ETFs.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48040641/bitcoins-125000-all-time-high-proves-this-pattern-you-should-keep-watching-analyst-says">Bitcoin&#8217;s $125,000 All-Time High Proves This Pattern You Should Keep Watching, Analyst Says</a></li>
</ul>



Image: Shutterstock

Grayscale Launches Wall Street's First Ethereum, Solana Staking ETFs

One Nasdaq-listed company is betting its future on Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), having amassed a $530 million treasury that echoes Michael Saylor's <a href="https://www.benzinga.com/markets/equities/25/10/48046864/strategy-rewrites-corporate-playbook-with-3-9b-bitcoin-gain-mstr-to-break-out">bold Strategy playbook</a>.



<h3 class="wp-block-heading">Wall Street Executives Push Bold Crypto Pivot</h3>



Solana Company, formerly Helius Medical Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HSDT">HSDT</a>), <a href="https://www.globenewswire.com/news-release/2025/10/06/3161658/0/en/Solana-Company-NASDAQ-HSDT-Formerly-Helius-Continues-Amassing-SOL-the-Native-Asset-of-Solana-Blockchain.html">reported</a> on Monday that its September accumulation had brought Solana holdings to more than 2.2 million tokens. 



At current prices of $234, the position combined with cash reserves totals about $530 million.



Executives framed the strategy as part of a broader pivot toward digital assets.&nbsp;



"Following in the footsteps of Michael Saylor at MSTR and Tom Lee at BMNR, HSDT Solana Company is focused on maximizing shareholder value by efficiently accumulating Solana," said Cosmo Jiang, general partner at Pantera Capital and board observer at HSDT.



<h3 class="wp-block-heading">Asian Institutions Fuel Solana Adoption Wave</h3>



Executive Chairman Joseph Chee pointed to rising institutional demand, particularly in Asia after a series of regional digital asset conferences.&nbsp;



The firm joins VisionSys, Forward Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FORD">FORD</a>), and several other public companies that have announced Solana treasury strategies in recent weeks.



Forward Industries pledged $1.65 billion to a new Solana vehicle backed by Galaxy Digital and Jump Crypto, while DeFi Development Corp. and Sol Strategies also disclosed holdings.



The announcements coincide with Grayscale enabling staking on its Solana trust and related ETFs, a move that could pave the way for a U.S. spot Solana ETF.



<h3 class="wp-block-heading">Stock Price Targets $20 As Bulls Eye Breakout</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="686" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06130039/image-133-1024x686.png" alt="" class="wp-image-1100604" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06130039/image-133-1024x686.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06130039/image-133-300x201.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06130039/image-133-768x514.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06130039/image-133-1536x1028.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06130039/image-133.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://in.tradingview.com/symbols/NASDAQ-HSDT/">HSDT Key Technical Levels (Source: TradingView)</a>



Shares of Solana Company have been attempting to stabilize after a prolonged downtrend. The stock has rebounded from summer lows and now consolidates near $17.



Technical indicators show mixed momentum. The stock trades just above its 20-day EMA at $14.71 and 50-day EMA at $19.90, while long-term resistance remains near the 200-day EMA at $67.67.&nbsp;



A sustained close above $20 could confirm a durable base, targeting $25–$30, while failure to defend $15 risks renewed downside.



<h3 class="wp-block-heading">Why It Matters</h3>



Solana Company's $530 million treasury effectively makes it one of the largest non-crypto-native holders of SOL, rivaling some dedicated funds.&nbsp;



Unlike Strategy's singular Bitcoin bet, HSDT's move signals the first major corporate treasury experiment centered on Solana. 



The timing is striking — coming just as Asia's institutions deepen exposure and U.S. regulators weigh Solana ETF approvals.&nbsp;



By positioning early, the firm is not only reshaping its own identity but also testing whether Solana can become the corporate reserve asset for the next wave of public companies.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/10/48050040/why-hive-digital-technologies-stock-is-hitting-new-52-week-highs-today">Why HIVE Digital Technologies Stock Is Hitting New 52-Week Highs Today</a></li>
</ul>



Image: Shutterstock

HSDT Follows Michael Saylor's Playbook With $530M Solana Bet—Is This The Next MSTR?

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) is up over 2% on Monday, with an AI-based forecast highlighting a decisive breakout test around the <a href="https://www.benzinga.com/money/solana-price-prediction">$240 resistance zone.</a>



<h3 class="wp-block-heading">AI Forecast Signals Key Test</h3>



The AI was asked to provide a short-term analysis for Solana and returned $227 as the key support and $240–$242 as the immediate resistance zone.&nbsp;



A breakout from this area would confirm continuation of the bullish channel that has been intact since mid-summer, opening a path toward $253 and possibly $265 in extension.



On the downside, the forecast suggests $227 remains the critical near-term support.&nbsp;



A failure to hold above this level could drag Solana back toward the 50-day EMA at $213.



<h3 class="wp-block-heading">Technical Indicators Point To Bullish Pressure</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="686" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06111252/image-132-1024x686.png" alt="" class="wp-image-1100377" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06111252/image-132-1024x686.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06111252/image-132-300x201.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06111252/image-132-768x514.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06111252/image-132-1536x1028.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06111252/image-132.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://in.tradingview.com/symbols/SOLUSD/">SOL Technical Analysis (Source: TradingView)</a>



Solana continues to trade above all major moving averages, with the 20-day EMA at $222 and the 50-day EMA at $213 acting as immediate support layers.&nbsp;



The 100-day and 200-day EMAs, clustered around $199 and $185, reinforce the longer-term base.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="686" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06112344/sol6th-oct-ai-1024x686.png" alt="" class="wp-image-1100406" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06112344/sol6th-oct-ai-1024x686.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06112344/sol6th-oct-ai-300x201.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06112344/sol6th-oct-ai-768x514.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06112344/sol6th-oct-ai-1536x1028.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06112344/sol6th-oct-ai.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://in.tradingview.com/symbols/SOLUSD/">SOL AI-Based Forecast (Source: TradingView)</a>



Bollinger Bands show price riding the mid-to-upper band range, while the Parabolic SAR remains below price, underscoring short-term bullish pressure.&nbsp;



Smart Money Concepts (SMC) analysis highlights a tightening symmetrical triangle, with higher lows at $227–$230 and repeated rejections near $240.



<h3 class="wp-block-heading">Traders Position Ahead Of A Breakout</h3>



Traders have been closely tracking Solana's narrowing structure, with positioning suggesting anticipation of an imminent move.&nbsp;



A decisive break above $240 would likely trigger momentum buying, while rejection could extend consolidation within the $227–$240 range.



The weekly bias remains bullish as long as price holds above $227, though neutral-to-bearish sentiment may re-emerge if support fails.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/10/48046864/strategy-rewrites-corporate-playbook-with-3-9b-bitcoin-gain-mstr-to-break-out">Strategy Rewrites Corporate Playbook With $3.9B Bitcoin Gain—MSTR To Break Out?</a></li>
</ul>



Image: Shutterstock

ChatGPT Says Solana's $240 Test Could Decide Its Entire Bull Run

Billionaire investor Paul Tudor Jones has pointed out Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as an appealing asset in <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48035149/bitcoins-next-stop-150000-or-a-dip-in-store-heres-what-these-analysts-see-coming">the current market conditions. </a>



What Happened: <a href="https://www.cnbc.com/video/2025/10/06/pual-tudor-jones-ingredients-are-in-place-for-massive-rally-before-a-ablow-offa-top-to-bull-market.html">Speaking</a> on CNBC Squawk Box on Monday, Jones noted that the top-performing assets this year have been gold, which is up 50% year-to-date, Bitcoin, which is up 33%, and a Morgan Stanley retail flow basket of meme stocks, up 66%.



He emphasized that retail-driven assets such as crypto and gold have dominated gains and remain "very, very appealing." 



Jones added that the key period to watch will be year-end, as institutional investors close their books and adjust positions.



For portfolio positioning, Tudor Investment favors a diversified mix of gold, cryptocurrencies, and Nasdaq stocks, with Jones stating that "the fastest horse" by Dec. 31 will likely continue leading into 2026.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48040641/bitcoins-125000-all-time-high-proves-this-pattern-you-should-keep-watching-analyst-says">Bitcoin&#8217;s $125,000 All-Time High Proves This Pattern You Should Keep Watching, Analyst Says</a>



Why It Matters: Morgan Stanley's latest wealth report advised clients to allocate only a small portion of their portfolios to crypto, up to 2% for conservative investors and up to 4% for those seeking higher growth, BitwiseInvest CEO Hunter Horsley stated in an X <a href="https://x.com/HHorsley/status/1974885353963356185">post</a>.



The bank's Global Investment Committee (GIC) described cryptocurrencies as "speculative but popular," recommending exposure mainly through ETFs or ETPs rather than direct coin ownership.



In late September, Morgan Stanley also <a href="https://x.com/DegenerateNews/status/1970482538524168293">revealed</a> plans to enable retail crypto trading through its E-Trade platform in the first half of 2026. 



The firm will reportedly partner with Zerohash to provide liquidity, custody, and settlement services.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48038322/bitcoin-consolidates-at-124000-ethereum-xrp-dogecoin-awaiting-permission-to-surge">Bitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin Awaiting Permission To Surge</a></li>
</ul>

Here's Why Paul Tudor Jones Just Called Bitcoin 'Very Very Appealing'

Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MSTR">MSTR</a>) is up 2% on Monday after reporting a $3.9 billion Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) gain in Q3 and breaking a <a href="https://www.benzinga.com/money/strategy-stock-price-prediction">key technical downtrend.</a>



<h3 class="wp-block-heading">Bitcoin Earnings Shock Wall Street</h3>



Strategy's Q3 filing <a href="https://www.strategy.com/press/strategy-reports-3-point-9-billion-in-total-bitcoin-fair-value-appreciation-in-q3-2025_10-06-2025">showed</a> a $3.89 billion unrealized gain on its Bitcoin position as prices surged toward quarter-end.&nbsp;



The company booked a $1.12 billion deferred tax expense, leaving net results positive but highly sensitive to crypto volatility.



Digital assets stood at $73.21 billion as of Sept. 30, with 640,031 BTC held at a cost basis of $73,983. Purchases in the quarter totaled 42,706 BTC for $4.95 billion.



<h3 class="wp-block-heading">Strategy Taps Billions To Fuel Bitcoin Bet</h3>



The company raised $5.09 billion in Q3, split between a $2.47 billion IPO of (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/STRC">STRC</a>) and $2.62 billion via at-the-market equity programs across its affiliates. 



Remaining capacity under its ATM programs is $46.3 billion, highlighting ongoing reliance on markets to expand Bitcoin holdings.



Preferred equity obligations reached $6.6 billion, while convertible debt stood at $8.2 billion principal.&nbsp;



With $6.4 billion due in 2028, refinancing risk remains tied to Bitcoin's performance.



<h3 class="wp-block-heading">MSTR Stock Flashes Bullish Breakout Signal</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="720" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06102122/image-130-1024x720.png" alt="" class="wp-image-1100269" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06102122/image-130-1024x720.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06102122/image-130-300x211.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06102122/image-130-768x540.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06102122/image-130-1536x1079.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06102122/image-130.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://in.tradingview.com/symbols/NASDAQ-MSTR/">MSTR Key Technical Levels (Source: TradingView)</a>



Technical Analysis: On the chart, Strategy's stock broke above a descending trendline in place since August. The move reclaimed the 20-day EMA at $337.75 and the 50-day EMA at $349.53.



Upside targets are defined by Fibonacci retracements: $387 at the 0.5 level and $423 at the 0.618 level.&nbsp;



RSI at 59.7 suggests momentum remains constructive, with no immediate overbought risk.



<h3 class="wp-block-heading">Why It Matters</h3>



Strategy Inc. has quietly become Wall Street's largest Bitcoin balance sheet experiment, bigger than many ETFs in exposure.



Its Q3 filing shows the firm now holds more Bitcoin than the combined reserves of most sovereign treasuries.



By scaling via equity and debt instead of mining, Strategy is rewriting how corporate finance interacts with digital assets.



If Bitcoin ETFs unlock deeper institutional inflows, Strategy stands to benefit as both a proxy and competitor to those vehicles.



The firm's structure now blurs the line between a technology company and a quasi-Bitcoin sovereign wealth fund.



For investors, this raises a bigger question: is Strategy the future template for corporate treasuries in the digital age?



Read Next: 



<ul class="wp-block-list">
<li><a style="font-weight: bold;" href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48041882/bitcoin-targets-130000-and-this-supertrend-indicator-just-flipped-bullish">Bitcoin Targets $130,000—And This &#8216;Supertrend&#8217; Indicator Just Flipped Bullish</a></li>
</ul>



Image: Shutterstock

Strategy Rewrites Corporate Playbook With $3.9B Bitcoin Gain—MSTR To Break Out?

One of the core challenges in trading safe-haven assets lies in their unique role as mirrors of macroeconomic uncertainty — a role that sets them apart from most other instruments. In today's environment, marked by volatile trade dynamics, shifting tariff regimes, reciprocal tariffs and the unpredictable trajectory of Federal Reserve policy, traditional analytical frameworks struggle to keep pace. These factors introduce significant constraints on the reliability of technical and fundamental models when applied to assets like U.S. Treasuries, gold, Bitcoin, and other cyclically neutral instruments. Unlike risk assets, their price behavior is often shaped less by market momentum and more by the projection of systemic stress.



<h2 class="wp-block-heading">Gold as an Antagonistic Benchmark against the Buying-the-Dip Approach</h2>



Gold began 2025 strong, peaking at $3,500 in April before retreating to $3,360–$3,370 by August. The decline was driven by profit-taking, a stronger U.S. dollar, and expectations of lower Fed rates. While buying the dip seemed logical, safe havens like gold don't behave like equities — they lack earnings and growth metrics, making traditional dip strategies unreliable.



Technical signals often mislead in this space due to three factors: macro cycles unique to defensive assets, behavioral missteps in timing entries, and structural differences from risk-on instruments. In this case, gold's April peak triggered institutional selling ahead of anticipated policy shifts.



<h2 class="wp-block-heading">The Mechanical Failure of "Buy-the-Dip" Tactics</h2>



Investors who mechanically "buy the dip" without considering macroeconomic cycles, behavioral factors and some other important points — risk timing the market incorrectly. Safe haven assets are not just a trading instrument, but first and foremost, important temporary accommodations for traders waiting for the big picture to become clearer. Traders may suddenly enter, or abruptly sell off their positions in safe havens, in anticipation of new White House initiatives or decisions of the Federal Reserve and other major central banks. A change in the vector of monetary policy is often evaluated with an eye on the probability of a complete change in the entire paradigm of regulators&#8217; decisions on interest rates. This was the case, for example, during the COVID pandemic, when the <a href="https://www.brookings.edu/articles/fed-response-to-covid19/" rel="nofollow">U.S. Federal Reserve&#8217;s decision</a> on additional monetary easing caused demand for gold to suddenly peak, which then quickly disappeared when it became clear that the U.S. economy was out of the woods.



<h2 class="wp-block-heading">Why Gold Isn't Like Equities</h2>



First of all, gold doesn't have either earnings or growth metrics. Furthermore, gold doesn't generate cash flow or possess a P/E ratio. Its value is derived from its role as a hedge against inflation, currency devaluation, and systemic risk. Gold markets are less liquid than equity markets, resulting in more prolonged and volatile price corrections.&nbsp;



It's important to remember that gold sentiment is deeply intertwined with macroeconomic cycles. Unlike equities, which normally thrive during expansionary phases, gold's performance is known to be inversely linked to economic growth and monetary policy.



During economic expansions, gold tends to underperform as investors favour risk-on assets, such as equities and corporate bonds. Conversely, gold shines during recessions, acting as a hedge against deflation and currency devaluation.



<h2 class="wp-block-heading">Volatility Metrics Reveal the Real Trap</h2>



Failure to account for volatility signals while applying the buy-the-dip strategy is another common mistake. Presently, gold's average daily volatility hovers around 1.2%, relatively tame compared to Bitcoin's 5 – 8% swings. Yet this stability masks a deeper truth: gold's price action is event-driven, not momentum-driven. It spikes on geopolitical shocks, inflation surprises, or central bank pivots — and then plateaus. Buying dips in gold while ignoring the root cause of volatility signals often means buying into macro calm, not macro fear. That's the inverse of what defensive positioning demands.



Bitcoin, meanwhile, behaves more like a leveraged macro proxy. Its volatility index (BVIX) shows persistent clustering — periods of extreme swings followed by deceptive calm. Mechanical dip-buying here ignores the fact that Bitcoin's drawdowns are often liquidity-driven, not valuation-driven. When Nasdaq sells off, Bitcoin often follows — not because it's irrational, but because institutional desks treat it as part of the same risk bucket.



<h3 class="wp-block-heading">U.S. Dollar Strength and Trump's Economic Policies</h3>



A stronger dollar, fueled by political pressure on the Fed and trade uncertainty, makes gold costlier for foreign buyers. Renewed expectations of rate cuts—driven by soft labor data and inflation concerns—have weakened gold's appeal as an inflation hedge. Investors argue that President Trump's fiscal policies, including tariffs and tax cuts, have exacerbated economic uncertainty. While gold retains safe haven status, its performance now hinges on inflation, rates, and currency dynamics. Political interference in Fed policy has also eroded the dollar's defensive credibility, increasing volatility in USD-denominated assets.



<h3 class="wp-block-heading">Behavioral Traps</h3>



One major reason "buy-the-dip" strategies often fail in safe haven markets is the influence of behavioral biases — systematic psychological patterns that distort decision-making. A common example is overconfidence bias, where investors overestimate their ability to predict market reversals or time entries. This leads to premature buying after a price drop, assuming it's a temporary dip rather than a structural shift.



Another trap is confirmation bias — selectively interpreting signals that support one's belief that an asset like gold or Bitcoin will rebound, while ignoring the broader context. Understanding these biases is essential: they're not just emotional errors, but cognitive shortcuts that can undermine rational strategy — particularly in markets where traditional valuation anchors don't apply.



<h2 class="wp-block-heading">Afterword. Volatility Spillover and Rationality</h2>



As I outlined above, defensive assets are not considered mean-reverting in the traditional sense. Their dips often signal macro equilibrium, not opportunity. Volatility indices — whether BVIX, VIX, or gold's implied vol — should be treated as proxies for rational entry, not just price weakness. Smart positioning requires context, not reflex.



Recent studies using <a href="https://jfin-swufe.springeropen.com/articles/10.1186/s40854-023-00605-z" rel="nofollow">DCC-GARCH models</a> and <a href="https://www.open-access.bcu.ac.uk/15857/1/1-s2.0-S0275531924002599-main.pdf" rel="nofollow">wavelet coherence analysis</a> reveal a one-way volatility spillover from gold to Bitcoin. This suggests that gold's volatility can influence Bitcoin's — but not vice versa. In other words, Bitcoin reacts to macro signals embedded in gold, while gold remains largely insulated from crypto sentiment. This asymmetry undermines the logic of synchronized dip-buying across both assets.



Investors who want to succeed in the safe haven space must abandon the "buy-the-dip" mindset and adopt a more nuanced approach, grounded in macroeconomic analysis and behavioral awareness, and must open up their minds and study a variety of coherent and non-coherent inputs, including those related to individual and intersecting factors impacting safe haven assets before exercising intuitive trading strategies like one known as "buy-the-dip".



Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Why "Buying The Dip" In Safe Haven Assets Often Backfires

Bitfury executive George Kikvadze reaffirmed his long-term bullish outlook on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), predicting the world&#8217;s largest cryptocurrency can eventually <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/47967780/bitcoin-could-hit-1-million-because-governments-keep-printing-money-like-no-tomorrow-telegram-ceo-says#:~:text=Bitcoin%20Could%20Hit%20%241%20Million,'%2C%20Telegram%20CEO%20Says%20%2D%20Benzinga">reach $1 million</a>.



What Happened: In a CNBC<a href="https://www.youtube.com/watch?v=KAEgVCvP2f8"> interview</a> on Friday, Kikvadze cited growing government spending concerns and rising institutional adoption as catalysts for Bitcoin&#8217;s surge.



Having entered Bitcoin at roughly $20, he has consistently advocated buying across a wide range, from $20 to $120,000, citing BTC's scarcity and long-term value. 



He predicts Bitcoin could reach $1 million and ultimately $10 million, emphasizing that timing is secondary to holding the asset.



Reflecting on Bitfury's history, Kikvadze shared that their 2014 mining chip helped mine nearly a million bitcoins, marking a significant milestone. 



He noted that mining today has become far more capital-intensive, requiring large-scale investments in data centers.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48040641/bitcoins-125000-all-time-high-proves-this-pattern-you-should-keep-watching-analyst-says">Bitcoin&#8217;s $125,000 All-Time High Proves This Pattern You Should Keep Watching, Analyst Says</a>



Why It Matters: Kikvadze sees Bitcoin's growth as proof of its original thesis: a hedge against fiscal irresponsibility and central bank money printing. 



Unlike fiat systems, Bitcoin operates continuously, even during government shutdowns, while global debt and quantitative easing have surged since 2014.



Institutional adoption has further boosted BTC's price, with spot ETFs by BlackRock and Fidelity improving mainstream access. 



Kikvadze cited Paul Tudor Jones' public endorsement as a catalyst for institutional interest, helping establish a favorable environment for long-term growth.



What's Next: Kikvadze highlighted October's historically bullish seasonality and expects Bitcoin to benefit from potential rate cuts amid an economic slowdown. 



Despite short-term volatility, he remains confident in Bitcoin as "digital gold," anti-inflationary, and resilient against centralized government spending, reinforcing his multi-million-dollar long-term targets.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48038322/bitcoin-consolidates-at-124000-ethereum-xrp-dogecoin-awaiting-permission-to-surge">Bitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin Awaiting Permission To Surge</a></li>
</ul>



Image: Shutterstock

Bitcoin Pioneer Who Bought At $20 Predicts BTC Will Reach $1 Million

Bitcoin pushed into uncharted territory, the Fed returns to the spotlight midweek, and the government shutdown threatens to mute key macro signals...



<h3 class="wp-block-heading">Bitcoin Back at All-Time Highs</h3>



Bitcoin (Crypto: <a class="ticker" href="https://www.benzinga.com/quote/btc">BTC</a>) broke through its previous all-time high of $124,533 on August 13, setting a new record at $125,750. The breakout highlights growing optimism around digital assets as the stablecoin market is projected to 7x by 2030, paving the way for real-world crypto use cases in payments, settlement, and tokenized assets.



The move also lifted mining-related names… the largest miners continue to rely on ASIC chips from Canaan(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CAN">CAN</a>), which saw its stock  jump 65% last week and 85% in 1 month, as demand surged. Canaan's hardware sits at the heart of many high-efficiency rigs powering the current Bitcoin cycle.



<figure class="wp-block-image"><img decoding="async" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/3837d42e-db90-43ef-b664-0090f4da9dae/image.png?t=1759704374" alt=""/></figure>



<h3 class="wp-block-heading">Fed Update &amp; Powell at the Podium, Again</h3>



The&nbsp;Fed minutes&nbsp;arrive&nbsp;Wednesday, October 8 at 2:00 p.m. ET, giving traders another read on the central bank's internal debate over rates and inflation. Markets typically treat these as tone checks rather than catalysts, so volatility should stay contained unless the language hints at faster cuts or a stronger "higher for longer" bias. Jerome Powell follows on&nbsp;Thursday&nbsp;with welcome remarks at the&nbsp;Community Bank Conference, a scripted event unlikely to carry surprises… unless he slips in commentary on inflation or financial stress.



<h3 class="wp-block-heading">Shutdown &amp; Data Watch</h3>



Friday's&nbsp;jobs report&nbsp;(non-farm payrolls and unemployment) is in jeopardy as the&nbsp;government shutdown&nbsp;suspends BLS operations. With data collection paused, the official release won't drop unless funding resumes.



<figure class="wp-block-image"><img decoding="async" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/cf5f23d6-9747-4a19-9fe5-5a46521d5445/image.png?t=1759704242" alt=""/></figure>



That leaves markets without their usual labor signal, forcing traders to rely on ADP and private proxies instead. The absence of official data could cool short-term volatility but raises uncertainty heading into the weekend.



Thanks for reading!



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Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Bitcoin Hits New Highs; Fed Prepares To Speak; Shutdown May Silence Key Jobs Data

Bitcoin reached a new record high of $125,689 Sunday, driven by the worst exchange supply shortage in seven years and the second-largest weekly ETF inflow since January 2024.



The rally reflects fundamental market forces rather than speculation. Professional traders report difficulty finding Bitcoin to buy, while institutional money continues flowing into exchange-traded funds at record rates. This supply-demand imbalance has created conditions that could push prices toward $135,000 in coming weeks.



ETF Flows Accelerate



U.S. spot Bitcoin ETFs attracted $3.24 billion during the first week of October, reversing $902 million in September outflows. BlackRock&#8217;s iShares Bitcoin Trust (IBIT) captured $1.78 billion of those flows, bringing its total assets to $96.2 billion. This places IBIT among the top 20 ETFs globally by assets under management.



Fidelity&#8217;s FBTC added $692 million, while smaller funds like ARK 21Shares and Bitwise contributed $254 million and $212 million respectively.



The pace of accumulation matters. At current rates, fourth-quarter ETF flows could remove more than 100,000 BTC from circulation—double the new Bitcoin created through mining during the same period. &#8220;ETF buying is accelerating while long-term holders sell less, helping Bitcoin build support near key technical levels,&#8221; said one market analyst tracking the flows.



Exchange Balances Hit Historic Low



While ETF headlines dominate, a quieter crisis unfolds on cryptocurrency exchanges. Bitcoin balances on centralized platforms dropped to 2.83 million BTC, the lowest level since June 2019 when Bitcoin traded around $8,000. CryptoQuant reports an even lower figure: 2.45 million BTC, representing a seven-year low.



More than 114,000 BTC (worth over $14 billion) left exchanges in the two weeks before the rally. This mass exodus signals a shift toward long-term holding, with Bitcoin moving into self-custody wallets, institutional accounts, and corporate treasuries rather than sitting on exchanges ready for sale.



The supply shortage has reached critical levels. VanEck&#8217;s Matthew Sigel warned that &#8220;exchanges are running out of Bitcoin,&#8221; while investor Mike Alfred reported a major OTC desk operator expected to be &#8220;completely out of Bitcoin to sell within two hours&#8221; unless prices hit $126,000-$129,000.



Professional trading desks that handle billion-dollar transactions cannot find inventory.



Large Holders Accumulate Aggressively



Whales accumulated over 30,000 BTC in the 48 hours before October 3. Recent activity includes newly created wallets withdrawing massive amounts: one moved 620 BTC ($76 million) from Binance, while another pulled 26,029 ETH ($118 million) from Kraken.



Public companies collectively hold 848,100 BTC, representing 4% of Bitcoin&#8217;s total supply. MicroStrategy leads with over 638,460 BTC purchased at an average price of $73,880 per coin. But the trend spreads beyond MicroStrategy. Standard Chartered data shows 61 publicly listed companies have adopted bitcoin treasury strategies, with collective holdings growing 18% in Q2 2025 alone, outpacing ETF accumulation.



Corporate treasuries bought approximately 131,000 bitcoins in Q2, compared to ETFs&#8217; 111,000 BTC. That&#8217;s institutional adoption accelerating beyond the ETF narrative Wall Street celebrates.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/10/06135738/image1-1024x683.png" alt="" class="wp-image-20132" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/10/06135738/image1-1024x683.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/10/06135738/image1-300x200.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/10/06135738/image1-768x512.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/10/06135738/image1.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



The steady decline to seven-year lows illustrates why OTC desks are running out of inventory. When Bitcoin leaves exchanges, it typically moves into long-term storage, thus removing selling pressure from the market.







Government Shutdown Adds Fuel



Also emerged an unexpected catalyst: Washington&#8217;s dysfunction. The U.S. government shutdown that began October 2 has driven investors toward Bitcoin as a hedge against political chaos and currency debasement. This &#8220;debasement trade&#8221; has gained momentum, with Bitcoin now trading with correlation to U.S. government risk measured by Treasury term premiums.



&#8220;The shutdown matters this time,&#8221; said Standard Chartered&#8217;s Geoff Kendrick, noting Bitcoin now serves as a legitimate alternative store of value during political uncertainty, unlike the 2018-2019 shutdown when the cryptocurrency &#8220;was in a different place.&#8221;



Tether Provides Fresh Liquidity



Behind the scenes, stablecoin issuance provided crucial liquidity. Tether minted $2 billion USDT on Ethereum in early October, following a historical pattern where large issuances precede or coincide with Bitcoin rallies. The broader stablecoin market added $6.1 billion in the week before Bitcoin&#8217;s breakthrough.



What Comes Next



Standard Chartered projects Bitcoin could reach $135,000 near-term and potentially $200,000 by year-end. The bank&#8217;s analysis suggests Bitcoin has broken free from traditional post-halving cycles due to institutional adoption and ETF demand.



Key catalysts ahead include sustained ETF inflows projected to hit $20 billion additional by year-end, continued corporate treasury adoption, and the structural supply shortage deepening across exchanges. October&#8217;s historical performance (Bitcoin has posted gains in nine of the past ten Octobers) adds seasonal tailwinds.



The convergence of institutional legitimacy, supply scarcity, and macroeconomic uncertainty has created conditions where Bitcoin&#8217;s &#8220;digital gold&#8221; narrative faces its most significant real-world test. October 2025 may be remembered not just for price records, but as the moment Bitcoin definitively crossed from alternative asset to mainstream financial infrastructure.



Feature Image Source: Author



Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Behind Bitcoin's $125K Rally - Untold Stories Of Institutional Appetite And Supply Starvation

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is up about 1% on Monday morning, with the &#8220;Supertrend&#8221; indicator turning bullish for the <a href="https://www.benzinga.com/money/bitcoin-price-prediction">first time since August.</a>



<h3 class="wp-block-heading">Supertrend Turns Positive As Breakout Zone Clears</h3>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2048" height="1440" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct-.png" alt="" class="wp-image-1100142" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct-.png 2048w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct--300x211.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct--1024x720.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct--768x540.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct--1536x1080.png 1536w" sizes="(max-width: 2048px) 100vw, 2048px" /></figure>



<a href="https://in.tradingview.com/symbols/BTCUSD/">BTC Key Technical Levels (Source: TradingView)</a>



Technical Analysis: The daily chart shows Bitcoin trying to break above a consolidation band between $107,000 and $125,000.&nbsp;



The Supertrend has flipped to a buy signal, while price action holds above the 20-day EMA at $117,259 and 50-day EMA at $115,256.



This marks the third breakout attempt in 2025. Unlike July and September's failed rallies, the latest move is supported by higher volume and indicator confirmation, adding weight to the bullish setup.



<h3 class="wp-block-heading">Bitcoin Inflows Top $400M As Institutions Fuel Rally</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="274" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128-1024x274.png" alt="" class="wp-image-1100129" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128-1024x274.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128-300x80.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128-768x206.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128-1536x411.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://www.coinglass.com/currencies/BTC/spot">BTC On-Chain Activity (Source: Coinglass)</a>



On-chain flows confirm momentum. As per Coinglass data, Bitcoin recorded $59.9 million in net inflows today, following a larger print the day before on October 5, pushing the two-day total above $400 million.



After months of net outflows, the shift reflects renewed accumulation by larger holders and institutions.&nbsp;



Sustained inflows have historically preceded extended rallies when aligned with technical breakouts.



Read Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48034792/anthony-pompliano-says-stocks-are-not-productive-enough-if-they-get-beaten-by-bitcoin-and-gold-btc-is-the-hurdle-rate">Anthony Pompliano Says Stocks Are Not &#8216;Productive Enough&#8217; If They Get Beaten By Bitcoin And Gold: BTC Is The &#8216;Hurdle Rate&#8217;</a>



<h3 class="wp-block-heading">BTC Fear And Greed Index Hits 70</h3>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2048" height="1511" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6.png" alt="" class="wp-image-1100141" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6.png 2048w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6-300x221.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6-1024x756.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6-768x567.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6-1536x1133.png 1536w" sizes="(max-width: 2048px) 100vw, 2048px" /></figure>



<a href="https://www.coinglass.com/pro/i/FearGreedIndex">BTC Fear and Greed Index (Source: Coinglass)</a>



The Fear and Greed Index has climbed to 70, entering the greed zone. While not yet at extreme levels, the shift underscores improving sentiment following the breakout.



Readings above 70 often align with early rally phases but can also act as caution signals if extended.&nbsp;



Traders are watching whether sentiment overheats or continues to track steady inflows.



<h3 class="wp-block-heading">Outlook: Breakout Momentum Faces The Final Test</h3>



Bitcoin now faces the task of holding above the $122,000–$124,000 resistance box. A sustained move would target $130,000 and potentially $135,000, while support lies at $117,000 and $113,000 near the 100-day EMA.



For now, the bullish alignment of Supertrend, inflows, and sentiment suggests Bitcoin may finally have the ingredients to test new all-time highs.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/Opinion/25/10/48039825/how-to-trade-spy-top-tech-stocks-using-technical-analysis-35">How To Trade SPY, Top Tech Stocks Using Technical Analysis</a></li>
</ul>



Image: SHutterstock

Bitcoin Targets $130,000—And This 'Supertrend' Indicator Just Flipped Bullish

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has surged 11% over the past week, vindicating analysts&#8217; calls for the four-year cycle to <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46475118/bitcoins-4-year-cycle-is-dead-researcher-says-heres-why-it-matters-for-xrp">play out as in the past.</a>



What Happened: In his latest "Bitcoin: Bull Market Support Band" <a href="https://www.youtube.com/watch?app=desktop&amp;v=5812UUvIZDw&amp;feature=youtu.be">podcast</a>, prominent analyst Benjamin Cowen reiterated that Bitcoin historically peaks in Q4 of the post-halving year, warning that overconfidence at this stage could be costly. 



He noted that the 2025 cycle has closely mirrored 2020: highs in August, lows in September, followed by a year-end rally.



He emphasized a critical threshold: weekly closes below the 50-week moving average, currently near $101,000, could indicate that the cycle top has already passed. 



While Bitcoin has surpassed the duration of the 2021 cycle since the bear market low, peak-to-peak analysis suggests roughly six more weeks of potential upside into late Q4.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48038322/bitcoin-consolidates-at-124000-ethereum-xrp-dogecoin-awaiting-permission-to-surge">Bitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin Awaiting Permission To Surge</a>



Why It Matters: Unlike previous bull markets, Cowen pointed out the absence of typical euphoria signals, social media hype, retail FOMO, and overheated on-chain metrics remain muted despite record prices. 



Rising Bitcoin dominance supports his thesis, as capital consolidates around BTC, likely pulling liquidity away from altcoins and maintaining altcoin weakness.



He stressed that confirmation of a sustainable breakout requires multiple strong weekly closes above previous highs, noting that last cycle's October rally failed to continue.



What's Next: Cowen sees two scenarios: Bitcoin may still enter its final parabolic phase, or this cycle could defy historical norms. 



His base case is that BTC tops out in Q4 2025, with any breakdown below the 50-week moving average serving as the clearest signal that the market cycle peak has passed.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48035149/bitcoins-next-stop-150000-or-a-dip-in-store-heres-what-these-analysts-see-coming">Bitcoin&#8217;s Next Stop $150,000 Or A Dip In Store? Here&#8217;s What These Analysts See Coming</a></li>
</ul>



Image: Shutterstock

Bitcoin's $125,000 All-Time High Proves This Pattern You Should Keep Watching, Analyst Says

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) is holding steady around $3 on Monday, with technical analysis showing a significant move <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">may be imminent</a>.



<h3 class="wp-block-heading">XRP Coils At $3 Apex As Triangle Breakout Looms</h3>



XRP is pressing against both the apex of a symmetrical triangle and the $3.08 Fibonacci 0.382 retracement level.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="699" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123-1024x699.png" alt="" class="wp-image-1099920" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123-1024x699.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123-300x205.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123-768x524.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123-1536x1049.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://in.tradingview.com/symbols/XRPUSD/">XRP Price Dynamics (Source: TradingView)</a>



The daily chart shows XRP price compressing inside a multi-month symmetrical triangle.



The upper descending trendline has capped rallies since mid-August, while an ascending base from June has held as support.&nbsp;



XRP price action has now funneled into a decisive zone near $3.



A clean break above $3.08 would invalidate the lower-high sequence and open upside toward $3.20 and $3.30.&nbsp;



Failure to hold the ascending floor risks a swift retreat to $2.65, where the 200-day EMA aligns with horizontal support.



<h3 class="wp-block-heading">Derivatives Traders Load Up As XRP Volatility Builds</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="545" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123-1024x545.png" alt="" class="wp-image-1099921" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123-1024x545.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123-768x409.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123-1536x818.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06065840/image-123.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://www.coinglass.com/currencies/XRP/futures">XRP Derivative Analysis (Source: Coinglass)</a>



Open interest sits at $8.95 billion, near yearly highs, indicating strong positioning.&nbsp;



Options activity has spiked, with volume up 45% and open interest doubling, showing traders are bracing for volatility expansion.



Binance ratios show divergence: retail accounts lean heavily long, with over 3 longs per short, while position-weighted ratios are closer to 2.7.&nbsp;



This suggests smaller traders are more aggressive while larger accounts remain cautious.



<h3 class="wp-block-heading">Spot Inflows Return After $300M Exodus</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="269" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06071602/xrp-6th-oct-flows-1024x269.png" alt="" class="wp-image-1099953" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06071602/xrp-6th-oct-flows-1024x269.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06071602/xrp-6th-oct-flows-300x79.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06071602/xrp-6th-oct-flows-768x201.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06071602/xrp-6th-oct-flows-1536x403.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06071602/xrp-6th-oct-flows.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://www.coinglass.com/currencies/XRP/spot">XRP Netflows (Source: Coinglass)</a>



After nearly $300 million in outflows, Oct. 6 saw $15.8 million of inflows into spot markets.&nbsp;



This marks a potential shift in sentiment, adding support to the bullish case if technical resistance breaks.



Historically, positive net inflows have coincided with XRP price extensions, particularly near chart breakout points.



<h3 class="wp-block-heading">XRP Outlook: Breakout Or Breakdown</h3>



XRP's next move hinges on the battle between the $3.08 Fibonacci barrier and triangle resistance.&nbsp;



A decisive close above $3.08 with volume could fuel a run toward $3.30–$3.46.&nbsp;



Rejection would shift focus back to $2.85 and $2.65 support levels.



With derivatives positioned and spot inflows improving, traders are preparing for heightened volatility as the pattern nears resolution.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/10/48037150/top-3-health-care-stocks-that-are-preparing-to-pump-in-q4">Top 3 Health Care Stocks That Are Preparing To Pump In Q4</a></li>
</ul>



Imge: Shutterstock

XRP Coils At $3—This Pattern Will Decide If $3.30 Or $2.65 Is Coming Next

Cryptocurrencies are consolidating at highs on Monday morning after Bitcoin made a new all-time high on Sunday. 



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$123,932.31</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,570.83</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$232.14</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.99</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2586</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001265</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 126,157 traders were liquidated in the past 24 hours for $233.33 million.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </li>



<li>SoSoValue data shows net inflows of $985.08 million into spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $233.5 million.</li>
</ul>



Trader Notes: Crypto chart analyst Ali Martinez warned that Bitcoin may be entering a short-term profit-taking phase as the TD Sequential indicator flashes a sell signal.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A spike in profit-taking could be starting as the TD Sequential flashes a sell signal on Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. <a href="https://t.co/lNN7w2xTMq">pic.twitter.com/lNN7w2xTMq</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1975123561917677826?ref_src=twsrc%5Etfw">October 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Daan Crypto Trades <a href="https://x.com/DaanCrypto/status/1975093918422508018">noted</a> that BTC has surged to a new all-time high after breaking out of its channel/flag pattern. 



The price is attempting to sustain momentum above this high, with the $117,000–$118,000 zone serving as critical support. 



While the trend remains bullish, a higher low is expected after the "up only" move. Consolidation between $112,000–$124,000 could weaken the broader bullish outlook.



Ethereum is <a href="https://x.com/thescalpingpro/status/1975101239693127856">showing</a> strong momentum, with crypto trader Mags predicting a target of $7,331 after breaking above $4,000, ending a 1,146-day consolidation. 



A brief dip to $3,800 was swiftly reversed, confirming bullish strength, with the 1.618 Fibonacci extension marking the next key level.



Solana, according to trader Jelle, <a href="https://x.com/CryptoJelleNL/status/1975117004765061621">continues</a> a steady climb following a 1.5-year consolidation that cleared weak hands. Targets of $500–$600 before year-end are possible, suggesting a quiet but "hated rally" in progress.



XRP/BTC has broken out of a 7.5-year descending channel, with the 50EMA cleared after 5.5 years of resistance, <a href="https://x.com/EtherNasyonaL/status/1975127552097140790">according </a>to EtherNasyonal. The current accumulation phase could precede a strong rally.



GalaxyBTC anticipates Dogecoin may surprise many traders with its next move.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> will surprise a lot of people. <a href="https://t.co/ELdxousVql">pic.twitter.com/ELdxousVql</a>&mdash; Galaxy (@galaxyBTC) <a href="https://twitter.com/galaxyBTC/status/1975066474122510396?ref_src=twsrc%5Etfw">October 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48035149/bitcoins-next-stop-150000-or-a-dip-in-store-heres-what-these-analysts-see-coming">Bitcoin&#8217;s Next Stop $150,000 Or A Dip In Store? Here&#8217;s What These Analysts See Coming</a></li>
</ul>



Image: Shutterstock

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