Bitcoin on Monday recorded a fresh all-time high just above $126,000 as cryptocurrencies continue their uptrend in the first week of October.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $125,568 |
| Ethereum | (CRYPTO: ETH) | $4,699 |
| Solana | (CRYPTO: SOL) | $235.75 |
| XRP | (CRYPTO: XRP) | $3.04 |
| Dogecoin | (CRYPTO: DOGE) | $0.2692 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001296 |
Notable Statistics:
- Coinglass data shows 147,328 traders were liquidated in the past 24 hours for $304.31 million.
- In the past 24 hours, the top gainers include Starknet (CRYPTO: STRK), PancakeSwap (CRYPTO: CAKE) and Mantle (CRYPTO: MNT).
Notable Developments:
- Grayscale Launches Wall Street’s First Ethereum, Solana Staking ETFs
- ChatGPT Says Solana’s $240 Test Could Decide Its Entire Bull Run
- Bitcoin Targets $130,000—And This ‘Supertrend’ Indicator Just Flipped Bullish
- Bitcoin’s $125,000 All-Time High Proves This Pattern You Should Keep Watching, Analyst Says
- Strategy Rewrites Corporate Playbook With $3.9B Bitcoin Gain—MSTR To Break Out?
- Anthony Pompliano Says Stocks Are Not ‘Productive Enough’ If They Get Beaten By Bitcoin And Gold: BTC Is The ‘Hurdle Rate’
Trader Notes: Crypto trader Kaleo noted that historically, October is Bitcoin's second most bullish month with an average gain of 15.33%, while November tops all months with an average surge of 40.33%.
The current BTC rally is still in its early stages.
Rekt Capital observed that Bitcoin's Price Discovery Correction 2 has ended. While shallower than previous cycles, its duration mirrored 2017 and 2021. BTC is now positioned to enter Price Discovery Uptrend.
Traderview2 highlighted that each upward move in the ongoing grind has triggered clusters of short liquidations.
The perpetuals market remains bearish and unable to sustain the rally, whereas spot buying has been the main driver. Continued spot demand could force more shorts to cover, adding upward momentum.
Ted Pillows pointed out that Bitcoin has surged nearly 10% since the U.S. government shutdown, demonstrating that major negative events can sometimes spark strong bullish moves.
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Image: Shutterstock
