Bitcoin Value Hits New ATH As Polymarket Merchants Eye $130K

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% prior to now week.

BTC value chart (Supply: CoinMarketCap)

Polymarket Merchants Guess 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 had 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% had 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 constructive 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 positive aspects for the previous six Octobers and in lots of earlier years it has printed double-digit positive aspects through the month. It is up over 8% for the month up to now. 

Crypto traders are in upbeat temper, with the Crypto Concern & Greed Index doubling in simply the previous week. 

Crypto Concern & Greed Index (Supply: Various.me)

The index, which is a commonly-used software to gauge sentiment out there, presently stands at a “Greed” rating of 74. Only a week in the past, the index confirmed “Concern” out there with a studying of 37. 

Institutional traders have been piling into spot Bitcoin ETFs (exchange-traded funds). Up to now week, $3.2 billion has flowed into these merchandise, marking their second-best week on report, in response to information from Farside Buyers. The earlier week, the merchandise recorded web 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 Buyers (@FarsideUK) October 4, 2025

The spot BTC ETFs are additionally on a five-day inflows streak after recording almost $1 billion in web day by day inflows on Friday. BlackRock’s IBIT continued to dominate, with over $1.7 billion web inflows final week.

4-Hour Liquidations Soar As BTC Rises

Bitcoin’s newest ATH above $125K caught some merchants without warning, particularly those that had been anticipating the main crypto’s value would drop.

Up to now 4 hours, liquidations out there hit $174.4 million. In the meantime, solely $17.67 million acquired liquidated from lengthy positions throughout the identical interval. Many of the brief liquidations had been Bitcoin trades, with $136.13 million getting worn out from these positions prior to now 4 hours. 

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