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Crypto Market Recap: Bitcoin nears record highs, Ethereum remains stable
The cryptocurrency market started October on a positive note: Bitcoin (BTC) and Ethereum (ETH) are showing resilience and optimism, fueled by institutional inflows, macroeconomic uncertainty, and growing investor confidence.
Over the weekend, Bitcoin broke through the $124,000 level, approaching its all-time high of $124,429, while Ethereum stabilized around $4,500, signaling the return of bullish sentiment in the market. Analysts link this momentum to record ETF inflows, shrinking exchange reserves, and increased demand for safe-haven assets amid political turbulence in the United States.
Despite the growth, experts warn of a possible short-term correction due to profit-taking. Nevertheless, BTC and ETH retain the potential for further growth thanks to macroeconomic liquidity and institutional participation.
Bitcoin approaches record highs thanks to ETF inflows and shrinking liquidity
Bitcoin’s growth is driven by strong institutional inflows into U.S.-listed spot ETFs, which recorded $3.24 billion in net additions last week — the second-highest result in history. Analysts believe that the renewed interest underscores BTC’s growing status as a hedge against inflation and political risks, especially amid the ongoing U.S. government shutdown.
Matthew Sigel, head of digital assets at VanEck, reported that several exchanges are experiencing liquidity issues due to increased withdrawals. Against the backdrop of declining reserves and rising open interest to $45.3 billion, some analysts predict a possible supply shortage that could push BTC to new highs.
BTC price dynamics. Source: TradingView
However, considering that 99.3% of Bitcoin’s supply is currently in profit, analysts, including Ted Pillows, warn that in the past, similar conditions were followed by short-term pullbacks of 3–10%. Despite this, sentiment remains optimistic: the Fear and Greed Index is at 63, indicating room for further growth before euphoria sets in.
At the time of writing, Bitcoin is trading at $124,111, showing an increase of 1.34% over the past 24 hours.
Ethereum remains stable but faces a deflation challenge
Ethereum continues to consolidate around $4,500, supported by strong technical indicators and bullish moving averages. High trading volumes and institutional purchases indicate confidence in the network’s long-term role. However, analysts note that ETH’s inflation rate of 0.16% limits its appeal as a store of value.
To regain deflationary momentum and strengthen its premium status, Ethereum may need to increase its token burn rate, particularly through the development of Layer-2 and DeFi. According to experts, a sustained reduction in supply could bring ETH into the same league as BTC as a key asset for long-term investment portfolios.
Outlook
Thanks to ETF demand, shrinking liquidity, and favorable macro conditions, Bitcoin and Ethereum are entering “Uptober” with renewed strength. Despite possible volatility, the combination of institutional capital, deflationary goals, and cautious optimism forms a positive scenario for the remainder of 2025.
Read also: Walmart expands OnePay with Bitcoin, Ethereum and crypto storage
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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