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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 accordance with CoinMarketCap. The king of cryptos has soared 13% previously week.
BTC value chart (Supply: CoinMarketCap)
Polymarket Merchants Wager Bitcoin Will Attain $130K This Month As Sentiment Spikes
Merchants on the decentralized predictions market platform Polymarket consider 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 most important odds had been positioned on $126K, with merchants on the platform predicting a 94% likelihood that BTC will attain that milestone this month.
The following-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 optimistic month for the Bitcoin value. Since 2013, there have solely been two situations the place BTC has not gained in October, in accordance with information from Coinglass.
Bitcoin has recorded positive factors for the previous six Octobers and in lots of earlier years it has printed double-digit positive factors in the course of the month. It is up over 8% for the month to this point.
Crypto buyers are in upbeat temper, with the Crypto Worry & Greed Index doubling in simply the previous week.
Crypto Worry & Greed Index (Supply: Various.me)
The index, which is a commonly-used device to gauge sentiment available in the market, presently stands at a “Greed” rating of 74. Only a week in the past, the index confirmed “Worry” available in the market with a studying of 37.
Institutional buyers 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 document, in accordance with 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 each 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 abruptly, particularly those that had been anticipating the main crypto’s value would drop.
Up to now 4 hours, liquidations available in the market hit $174.4 million. In the meantime, solely $17.67 million obtained liquidated from lengthy positions throughout the identical interval. Many of the quick liquidations had been Bitcoin trades, with $136.13 million getting worn out from these positions previously 4 hours.
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