#BtcPriceAnalysis

New ATH in Uptober as Bitcoin Hyper Presale Raises $20M

Bitcoin Rallies Back Above $120K as ETF Inflows Ramp Up
Bitcoin is trading above $120,000 again – up 1% in the past day and 9% since last Friday. Spot trading volumes reached nearly $70 billion over the past 24 hours, and open interest has increased to $41.4 billion.

This move began after Bitcoin formed a double bottom around $109,000 last week – a pattern that typically precedes a rally. Since then, the coin has been climbing steadily to levels we haven’t seen since mid-August.

Institutions are driving a lot of the demand. Spot BTC ETFs have recorded four consecutive days of inflows, accumulating $2.2 billion in the first two days of October. BlackRock’s IBIT fund brought in $466 million yesterday alone, helping push total U.S. Bitcoin ETF assets to nearly $160 billion.

Retail traders are also returning, and Bitcoin’s 90% yearly gain is outpacing gold and silver by a wide margin. So, with both institutional and retail flows aligning, the market backdrop appears stronger than it has in weeks.

Bitcoin Price Prediction – BTC to Post a New ATH This Month?
Bitcoin’s all-time high is $124,457, set in August. That’s just over 3% away from today’s price, and with the way things are lining up in October, it feels well within reach.

October has historically been Bitcoin’s best month. Since 2013, it’s averaged 20.6% returns and posted profits in 10 out of 13 years. This “Uptober” pattern usually starts slow, then accelerates in the second half of the month. September already delivered a 5.1% rise – so the setup looks promising.

Macro conditions are helping too. The Fed’s rate cut last month and a weaker dollar are creating the kind of risk-on environment that typically powers BTC rallies. Also, corporate treasuries are expanding their allocations at a rapid pace.

Lastly, clearer regulatory conditions and favorable liquidity from the ETFs add another layer of support for Bitcoin. This makes the path to a new all-time high in October much more realistic than last week.

Bitcoin Hyper Presale Surges Past $20M as Hype Builds for New Bitcoin Layer-2
While Bitcoin pushes toward a new high, attention is also shifting to projects that benefit from the same market conditions. One name that is showing up everywhere right now is Bitcoin Hyper, which has just crossed $20 million in its ongoing presale phase.

That kind of raise tells you something – that capital is flowing fast into what’s being called the first proper Bitcoin Layer-2 solution. Whales are backing it with serious money, too. For example, one whale wallet invested an enormous $196,200 yesterday, representing the largest HYPER buy yet.

The reason for all the hype is simple: Bitcoin Hyper combines Bitcoin’s security with Solana’s speed. It uses the Solana Virtual Machine (SVM) for execution while anchoring settlement to the Bitcoin blockchain.

At the current presale price of $0.013035, early buyers are racing to get involved. Plus, presale buyers can stake their HYPER right away for an APY of 59%. That explains why a sizable portion of the token supply (892 million HYPER) has already been staked.

The fact that whales are getting involved and so much HYPER is locked away for staking shows that the buzz around the project is real. Many traders view Bitcoin Hyper as an altcoin to watch in October as it gears up for its mainnet launch and first exchange listing.