Bitcoin Hits New Record Above $126,100
Bitcoin (BTC) reached a new high above $126,100 on Monday. This beat the previous record of $125,708 set less than a day earlier, according to Binance data. BTC rose about 2.5% in 24 hours and gained over 10% for the week.
Factors Driving Bitcoin’s Rise
- US spot Bitcoin ETFs saw net inflows of $3.24 billion last week. This is the largest inflow in 2025 and the second-largest ever.
- Bitcoin futures open interest hit a new peak of 761,680 BTC on Monday. This shows growing investor interest in Bitcoin derivatives.
- The US government shutdown last Wednesday increased demand for safe-haven assets like Bitcoin and gold. BTC rose about 4% that day, its best daily gain since July 10.
- October has been a positive month for Bitcoin over the past six years. The shutdown may have triggered this strong price move, according to QCP analysts.
- The Federal Reserve cut interest rates in September and may cut rates two more times this year. JP Morgan analysts say this could push Bitcoin to $165,000.
Risks and Current Price
QCP analysts warn that rising leverage in the market increases the chance of a sharp price drop. Two weeks ago, nearly $3 billion in long positions were liquidated.
At the time of publication, Bitcoin trades near $125,700.
