we reached up to 105k relax buy the dip carefully because then we are going to 98k $BTC

#Fedratecutexpectationsheatup
Bitcoin (BTC) reached new record values on Monday, marking an important milestone. However, after that, the coin has mostly been moving in a sideways trend, reflecting traders' indecision.
Many market participants expect that the price may drop below $120 000, and on-chain indicators suggest a possible short-term decline.
The recent sideways trend of BTC is accompanied by a weakening momentum. According to Glassnode, the accumulation ratio of coin holders has been decreasing since Monday and continues to fall.
At the time of publication, the rate is 54.42%, down 2% over the last four days. When the price falls, as it has in recent days, it means that more holders are selling or moving their coins rather than accumulating them.
Meanwhile, the Liveliness BTC indicator began to rise from Monday. By October eighth, it reached 0.6298.
The increase in the indicator suggests that long-term holders are selling their coins. This signals the need for caution and may indicate a trend of profit-taking, which threatens to lower the price of BTC.
Without renewed interest in buying BTC, it risks falling to $120 000. A break of support at the level of $120 090 threatens to lead to further decline to $118 922.
If new buyers enter the market and demand increases, the cryptocurrency will have a chance to solidify above current levels and possibly return to its historical maximum.

Gate 新闻机器人消息，
加密货币市场在经历了一段修正期后显示出恢复的迹象。本周，比特币和以太坊ETF录得显著的资本流入，总计31.9亿美元，这与交易者考虑到美联储降息的同时，通胀数据表明降温有关。

Odaily News USD.AI has increased the deposit limit by 75 million USD again this morning, which was filled within 52 seconds, with a total of 2631 addresses successfully making deposits.

#BTC再创新高 On October 5, 2025, Beijing time, the price of Bitcoin surpassed $125,000, reaching a peak of $125,689, breaking the historical record set on August 14. This figure signifies a strong bounce back of Bitcoin from a low of $76,300 at the beginning of the year, showcasing its remarkable recovery ability and market confidence. Over the past 24 hours, the cryptocurrency market faced liquidations of contracts amounting to $3.46 billion, with the number of liquidated exceeding 118,000 people. This sharp rise was not caused by a single factor but was the result of a "perfect storm" of multiple favorable factors.
Multiple factors resonate, creating a "perfect storm" for price突破.
"1 Suspension of the US government and 'devaluation of deals'
The U.S. federal government suspended operations on October 1 due to a funding shortfall, marking the first government shutdown in seven years. This political crisis unexpectedly ignited bullish sentiment in the cryptocurrency market. Market participants are calling the U.S. government shutdown a catalyst for what has been termed "devaluation trading." With increasing political and economic uncertainty, investors are moving funds into Bitcoin, gold, and other assets to hedge against the risks of dollar devaluation. Geoff Kendrick, the global head of digital asset research at Standard Chartered, noted: "The impact of this U.S. government shutdown is quite significant." Unlike the government shutdown of 2018-2019, Bitcoin now has a higher correlation with traditional risk assets and directly benefits from the demand for protection.
Institutional funds: The "golden corridor" of Bitcoin ETFs and the ongoing inflow of funds into spot Bitcoin ETFs provide additional price growth momentum. Last week, these funds recorded a net inflow of $3.24 billion, marking the second-largest weekly inflow in history. These products simplify the participation of traditional investors in Bitcoin investments, expanding the market participant base. Since the beginning of 2025, inflows into Bitcoin ETFs have already exceeded $1.5 billion. At the same time, the volume of BTC on exchanges has decreased to 1.8 million BTC, the lowest level since 2018, creating structural buying pressure.
Scarcity: In the digital age, the internal limitation of Bit, known as "digital gold", has always been one of the pillars of its value. The recent halving of the block reward in April 2024 reduced it from 6.25 BTC to 3.125 BTC, meaning that the new supply of Bit has permanently decreased by 50%. As long-term holders increasingly lean towards locking up, the amount of Bits available on the market is relatively shrinking. When demand continues to grow while the rise in effective supply slows down, the price passively increases. This combination of "supply shortage + demand thirst" easily leads to a sharp price rise when emotions intensify in the market.
Market sentiments and seasonal factors
Market sentiments and technical indicators show that the current market is in the "greed" zone. The Bitcoin Fear and Greed Index has reached 71, close to the "extreme greed" threshold. Price rises are not linear and are often influenced by emotional factors. When the price of Bitcoin surpasses its historical high, it triggers a "price discovery" phase, many old resistance areas turn into support zones, and the market structure is restructured.
Seasonal factors also play their role. Over the last 10 days of October, the price of Bit has risen in 9 months, and this month is referred to in the market as "Uptober", which further intensified the bullish sentiment of investors.
2 In the favorable legislative environment created by the Trump administration, publicly traded companies led by Michael Saylor and his MicroStrategy adopted a strategy of accumulating cryptocurrency, which increased market demand.
This strategy has spread to competitors such as Ethereum, leading to a broad rise in the entire segment of digital assets. The level of correlation between cryptocurrencies and traditional financial markets has significantly increased. The connection between the prices of Bit and the American as well as Chinese stock markets is gradually strengthening, creating the foundations for the transmission of sentiments between markets.
The global regulatory framework also shows a tendency towards "cleansing". After the full implementation of the MiCA Regulation in the EU at the end of 2024, 65% of EU crypto companies have already met compliance requirements. Following the adoption of the GENIUS Act in the USA, capital for compliance is rapidly flowing into the market.
3 Future: where is Bitcoin heading next?
As for the prospects of Bit, several financial institutions have given an optimistic forecast.
According to Citibank's forecast, if ETF funds continue to flow in and the level of adoption increases, Bitcoin could reach $135,000 by the end of the year, and in an optimistic scenario, $199,000.
Standard Chartered has also set a target price of 200,000 dollars by the end of the fourth quarter.
Technical advancements also open new opportunities for Bit. With the development of StarkWare Stwo and the operational code OP_CAT, significant performance improvements for the Bit network are expected. These technical updates can not only increase transaction speeds but also provide Bit with more applications.
Risks cannot be ignored either. From a technical perspective, there are a large number of short position liquidation orders above Bit in the range of 122,000-125,000 US dollars. Below, in the range of 115,000-118,000 US dollars, there is a zone of high concentration of retail traders' long positions with high leverage, and price fluctuations of 5% can lead to mass liquidations.