Original | Odaily Planet Daily (@OdailyChina)
Bitcoin has once again reached the pinnacle of history.
The BTC price has surpassed $125,000, setting a new historical record. According to OKX market data, the current price is reported at $125,277. With this breakthrough, Bitcoin's market capitalization has exceeded Amazon, reaching $2.49 trillion, ranking 7th in global asset market capitalization.
Among the "Four Heavenly Kings," BNB has also set a historical high, peaking at $1,192, currently retreating to $1,179, while ETH has rebounded to $4,553, and SOL has risen to $232.
In terms of derivatives, data from coinglass.com shows that in the last 24 hours, a total of 112,700 people globally have been liquidated, with a total liquidation amount of $256 million, including $117 million in long positions and $139 million in short positions, indicating that both sides have suffered, as this new high caught many off guard. The liquidation amount for BTC alone has reached $72.47 million, accounting for 28%. The largest single liquidation occurred on Bybit - BTCUSDT, valued at $3.1153 million.
In terms of capital flow, data from sosovalue.com shows that BTC spot ETFs have seen net inflows for a consecutive week, with the scale of inflows continuing to expand. On October 3, the net inflow for a single day reached $985 million, becoming a significant driver for BTC's new high; ETH spot ETFs also recorded net inflows for a consecutive week, but the inflow momentum is slowing down.
According to data from DeFiLlama.com, the total market capitalization of stablecoins has surpassed $300 billion, setting a new high.
Macroeconomics: U.S. Government Shutdown
On October 1, the U.S. federal government officially entered a shutdown due to Congress's failure to pass the funding bill for the fiscal year 2026, causing federal spending authority to expire at midnight. However, this is not the first time the federal government has experienced a shutdown.
President Trump stated that the shutdown is "likely inevitable," which will affect millions of federal employees and various government services. However, historically, the impact on the crypto market has typically caused short-term disturbances without reversing long-term trends.
Here is a reference of historical data:
U.S. Treasury bond options pricing indicates that the government shutdown starting on October 1 will last at least 10 days, potentially up to 29 days. Due to the government shutdown, the U.S. September non-farm payroll report was not published as scheduled.
In an interview, President Trump stated that he is considering distributing part of the tariff revenue to the public as a "dividend," with individual amounts potentially reaching $2,000. Some believe this move could be similar to the pandemic stimulus checks from 2020 to 2021, potentially bringing new liquidity to the crypto market and boosting altcoin performance.
Market Perspectives
Jia Yueting: Relaxing CAMT rules is a huge benefit for companies with treasury holdings
Faraday Future founder Jia Yueting has recently commented frequently on crypto hotspots, stating: "The surge in the crypto market is due to the U.S. Treasury's plan to relax CAMT (Corporate Alternative Minimum Tax) rules, no longer imposing a 15% tax on unrealized Bitcoin gains held by companies like MicroStrategy. Previously, accounting standards based on market value taxed unrealized profits, leading to protests from MSTR, COIN, and others, who deemed it unfair and detrimental to global competition. This is a huge benefit for companies with treasury holdings. The long-term holding of crypto assets as a strategy for value storage and hedging against fiat currency depreciation is gaining tacit approval and support from regulators. This will fundamentally change the asset allocation logic of large institutions."
Caixin: This U.S. government shutdown may have a greater impact than previous ones, with BTC and ETH surging indicating market unease
Caixin analysis points out that since 1981, there have been 14 federal government shutdowns in the U.S., most lasting one to two days. However, due to Trump's reciprocal tariffs and the controversy with Federal Reserve Chairman Powell, this shutdown may have a greater impact than previous ones. At the moment the shutdown was confirmed on October 1, gold spot and December futures prices reached historical highs of $3,862 and $3,903 per ounce, respectively; Bitcoin and Ethereum also surged, indicating market unease and a strong desire to seek safe havens.
Standard Chartered: Bitcoin may reach a historical high next week and is expected to rise to $135,000
Geoff Kendrick, head of global digital asset research at Standard Chartered, stated in a recent report that Bitcoin may reach a historical high next week and is expected to further rise to $135,000. Yesterday, Bitcoin surpassed $121,000, continuing the "Uptober" trend of the fourth quarter. Kendrick noted that Bitcoin's performance has broken the old pattern of "price decline 18 months after halving," which was expected to enter a weak period after the halving in April 2024, but the actual performance has been stronger.
JPMorgan: Based on record gains in gold, Bitcoin may rise to $165,000
JPMorgan analysts predict that by the end of 2025, Bitcoin's price could reach $165,000, citing that Bitcoin is undervalued compared to gold, and ETF inflows are continuously increasing.
Conclusion
Bitcoin's return to $120,000 is not just a numerical milestone but a revival of confidence.
Legendary trader Eugene stated that Bitcoin reaching a new high will break all limits. Whether you are bullish or not, if you want to continue the "easy money-making model," this is the situation you want to see.
However, it is important to remind that a reversal in sentiment does not mean that risks have disappeared; one should still maintain restraint and rationality in capital operations.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
