Bitcoin Hits $125K as Traders Say the Rally Is Just Beginning

Bitcoin has pushed into uncharted territory again, crossing $125,449 per CoinMarketCap late Saturday. The breakout arrives right at the start of “Uptober,” a month that has traditionally treated Bitcoin holders well—and this year, it’s off to a roaring start.

Good to Know

• U.S. Bitcoin ETFs brought in $3.24 billion in inflows this week, led by BlackRock’s iShares Bitcoin Trust.
• Bitcoin ETFs now collectively hold 1.3 million BTC worth over $166 billion.
• Over $173 million in short positions were liquidated within just four hours of the surge.

Bitcoin’s strong weekend rally is being driven by sustained institutional demand and reinforced by growing optimism among veteran traders. Data from CoinGlass shows shorts were crushed in rapid succession, a familiar sight when momentum turns bullish.

U.S. spot Bitcoin ETFs continue to attract massive inflows, underlining how deep-pocketed investors are fueling the rise. The $3.24 billion inflow is the largest of 2025 so far and helped push total holdings across ETFs to 1,325,878 BTC—worth roughly $166 billion.

Economist and trader Alex Krüger believes this rally has real staying power. In a post on X, he said Bitcoin’s move past $122,000 was a clear breakout that reset the short-term price floor.

“120K should not trade again, at least for a while, given we just saw a breakout at 122K, where leverage picked up. If 120K does trade again should expect a little leveraged flush-out there rather than for it to act as support. Never think of round numbers as support, that’s what noobs do.”

He added that Bitcoin appears to be entering a trending market, cautioning traders against taking profits too soon:

“The main risk in trending markets is taking profits too early. The shift from ranging to trending can be difficult for traders, conditioned to exit after just a few percentage points.”

Meanwhile, crypto analyst and creator of the stock-to-flow model, PlanB, reiterated his long-term bullish stance, emphasizing that Bitcoin’s climb isn’t speculative fluff but a response to macroeconomic forces. Speaking to his 216,000 YouTube subscribers, he noted that widespread currency debasement continues to drive hard assets higher.

“What we are seeing is that the $100,000 barrier, an important psychological barrier, used to be resistance but that turned into support at the moment. I don’t think Bitcoin will fall below that again. The current rally is not based on paper Bitcoin or some top of a bull market.”

PlanB highlighted how gold, real estate, and equities are also hitting new highs—something he attributes to the relentless expansion of global money supply.

“The entire reason why Bitcoin was created was as a hatch against that money printing. As long as governments are printing money and the money supply increases, Bitcoin will go up as well as other assets—but Bitcoin will go up faster.”

Based on his model, he estimates Bitcoin fair value range this cycle between $250,000 and $1 million, something he said already four months ago, calling it a “scarcity magnet” effect born from BTC’s limited supply and continued demand.

At press time, Bitcoin is trading around $123,600, holding firm after its record-setting weekend. With Uptober underway, ETF demand soaring, and analysts aligned on the trend direction, the next few weeks could set the tone for the rest of 2025.