BTC Climbs Past $125K as Spot Market Sees $3.2 Billion Inflows

Bitcoin Hits $125K as Spot ETFs Draw $3.24 Billion in Inflows

Bitcoin (BTC) surged past $125,000 on Sunday, marking a new all-time high and extending its weekly gain to 11%, according to CoinDesk data. The rally was fueled by a surge in U.S.-listed spot exchange-traded funds (ETFs), which saw net inflows of $3.24 billion for the week ended Oct. 3, the second-largest weekly inflow on record, per SoSoValue.

Other major cryptocurrencies, including Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE), followed BTC’s lead, gaining 1% to 3% during Asian trading hours.

Safe-Haven Buying Amid Government Shutdown
The ongoing U.S. government shutdown has reportedly boosted Bitcoin’s appeal as a safe-haven asset. Jeff Dorman, Chief Investment Officer at Arca, remarked:
“The only time I buy BTC is when society loses faith in governments and local banks. BTC is likely a good buy here ahead of yet another U.S. government shutdown.”

Macro Factors Supporting the Rally
Analysts point to broader macroeconomic trends as additional tailwinds. Noelle Acheson, author of Crypto Is Macro Now, explained:
“Rising global risks, persistent US inflation pressures, and increasing borrowing worldwide heighten currency concerns. What benefits gold tends to benefit BTC, especially given its current under-allocation.”

She added that ongoing monetary support—such as lower interest rates, yield curve control, and expansive liquidity measures—could drive more capital into riskier assets, including Bitcoin.

Outlook for October
With seasonal trends historically favoring cryptocurrencies in October, Bitcoin appears set for continued gains. At the time of writing, BTC was trading around $124,080, according to CoinDesk.