Key Notes
- Bitcoin ETFs recorded 5 straight days of inflows totaling practically $1 billion.
- Swissblock referred to as the current $117K–$108K dip a constructive reset.
- On-chain information reveals declining UTXO rely, hinting at whale accumulation.
Bitcoin is closing up on its all-time excessive of $124K as spot ETFs recorded 5 consecutive days of inflows, with over $985 million coming into Bitcoin funds on October 3 alone.
Ethereum ETFs additionally joined the surge with $234 million in inflows, extending their very own five-day streak. In the meantime, ETH price broke above the $4,500 value degree, up 12% prior to now week.
On October 3, Bitcoin spot ETFs recorded whole internet inflows of $985 million, marking 5 consecutive days of internet inflows. Ethereum spot ETFs noticed whole internet inflows of $234 million, additionally extending their streak to 5 consecutive days.https://t.co/Hj2Gs49bWa pic.twitter.com/X0vbUoOL9w
— Wu Blockchain (@WuBlockchain) October 4, 2025
Bitcoin ETFs Gasoline Institutional Accumulation
The surge in ETF inflows represents a rise in institutional demand following a short cooling-off interval in September. The constant internet inflows recommend large-scale traders are re-entering the market, benefiting from the current dip from $117K to $108.6K.
Swissblock analysts described this retracement as a “constructive reset, not capitulation,” noting that the transfer mirrored system stress with out structural weak spot.
The transfer that took BTC from $117K all the way down to $108.6K was a constructive reset, not capitulation.
It confirmed stress within the system, however not fragility.
Resets like these create alternative. 🧵 pic.twitter.com/nWAv8WppRO
— Swissblock (@swissblock__) October 3, 2025
Analysts emphasised that the absorption of late-August promoting clusters between $114K and $118K unlocked the path toward an all-time high (ATH) retest.
At press time, Bitcoin trades at $122K, simply 1.6% shy of its file excessive of $124K, underscoring the depth of the current rebound.
In accordance with Swissblock, long-term holders have decreased their promoting depth, a sign of easing provide strain and early indicators of accumulation. Traditionally, such patterns mark the start of recent market rallies.
On-Chain Metrics Mirror Maturing Market
On-chain information from CryptoQuant reveals that Bitcoin’s UTXO rely has dropped to 166.6 million, its lowest since April 2024, marking an 11% decline since its early-2025 peak.
Whereas the metric’s decline could appear adverse at first look, it truly factors to community consolidation, whale accumulation, and decreased retail exercise.
The drop in UTXO rely coincides with an increase in Bitcoin’s value from $99K to $122K, indicating that long-term holders are increasingly storing coins somewhat than spending them.
Bitcoin UTXO rely | Supply: CryptoQuant
Fewer UTXOs usually sign decreased promoting strain, improved community effectivity, and a mature part of market improvement.
Derivatives Information Highlights Speculative Confidence
Bitcoin derivatives open curiosity has reached a file excessive of $14.37 billion on Binance, surpassing the earlier peak of $14.31 billion set in August.
As per CryptoQuant, the rise in open interest, alongside value surge from $108K to $122K since late September, confirms that the rally is being pushed by recent inflows and new lengthy positions, somewhat than easy brief overlaying.
Bitcoin OI on Binance | Supply: TradingView
Nonetheless, analysts cautioned that if open curiosity stays excessive whereas costs drop, it may set off a cascade of liquidations. For now, the construction stays wholesome, with inflows and quantity supporting the rally.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any selections primarily based on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets over time. Parth can also be an writer of 4 self-published books.
