When the U.S. government shuts down, Bitcoin quietly enters a carnival mode.

At the same time as the political deadlock in Washington, Bitcoin broke through $120,000, which is behind a series of chain reactions: the government shutdown led to a "discontinuation" of key economic data, the Federal Reserve lost its decision-making basis, and market expectations for an interest rate cut in October skyrocketed to near certainty. As the traditional financial system shows its fragility, funds begin to seek more reliable places.

Institutional investors have already voted with real money. The net inflow of the U.S. Bitcoin spot ETF exceeded $430 million in a single day, and more notably—there were zero outflows. This means no institutions chose to take profits, but instead collectively increased their positions. Over $400 million in short positions were forcibly liquidated, and market sentiment completely shifted to bullish.

From a technical perspective, Bitcoin has completed a standard double bottom breakout, with $124,000 becoming the next key target. But more noteworthy than the price is that Bitcoin is undergoing a role transformation—from a high-risk speculative asset gradually evolving into "digital gold." When government agencies can shut down due to political disputes, but the Bitcoin network runs 24/7, this comparison is reshaping investors' perceptions: in an era filled with uncertainty, decentralized networks may be more trustworthy than traditional systems.

This asset value reassessment triggered by the political crisis has just begun. #BTC重返12万 #十月加密行情