Bitcoin (BTC) has powered past the $119,000 level, marking one of its strongest moves in recent months. The rally, driven by institutional inflows into Bitcoin ETFs and bullish technical patterns, has traders and analysts setting their sights on a potential breakout above $130,000.
ETF Inflows Push BTC Higher
Bitcoin’s surge follows two consecutive days of strong spot ETF inflows, totaling approximately $430 million. These inflows have been a key driver of BTC’s momentum, signaling robust demand from institutional investors.
As a result, Bitcoin is trading near $119,185, reinforcing confidence that the world’s largest cryptocurrency is regaining strength ahead of a historically bullish Q4 season.
Coinglass Data Highlights Trading Surge
Market data provider Coinglass reported a notable uptick in activity as Bitcoin rallied.
Trading volume rose by 12% to $95 billion in the past 24 hours.
Open interest climbed 4.46% to $84 billion, reflecting rising speculative positioning.
Liquidations totaled $157.08 million, with short positions suffering the most at roughly $136 million.
These figures highlight the aggressive repositioning in the derivatives market as traders adjust to Bitcoin’s bullish momentum.
Technical Outlook Points to $130K
On the charts, BTC has established a solid base above $115,000, which traders now view as a crucial support zone.
Key technical signals include:
A MACD bullish crossover, indicating strengthening momentum.
An RSI reading of 58, suggesting BTC has room to run before entering overbought territory.
Resistance tested around $118,500 and $119,800 — with a decisive break above the $120,000 psychological level likely to open the door toward the $130,000 target highlighted by several analysts, including crypto trader Satoshi Flipper.
Uptober Fueling Optimism
October, often called “Uptober” in the crypto community, has historically delivered strong returns for Bitcoin. Data shows BTC averages a 20% gain in October and an impressive 78% average return in Q4 during previous bull runs.
This seasonal pattern, combined with institutional ETF demand and bullish technical signals, has reinforced market expectations that BTC’s rally could extend into the year’s final months.
Conclusion
With ETF inflows, Coinglass trading data, and technical momentum all aligning, Bitcoin’s move past $119K has renewed optimism in the market. If bulls maintain control, the next major milestone of $130K may be closer than expected, positioning Q4 2025 as a potentially historic chapter in Bitcoin’s ongoing rally.
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