Oct 3rd, 2025• 3 min read
Bitcoin Breaks $120K as Record $627M ETF Inflows Drive October Rally
Bitcoin surged past $120,000 for the first time since August, driven by massive institutional inflows of $627 million into spot ETFs, led by BlackRock's IBIT with $464 million in a single day.
Key takeaways
🚀 Price Milestone: Bitcoin broke above $120,000, reaching its highest level since mid-August after a steady five-day climb.
💰 Record Inflows: US Bitcoin ETFs saw $627 million in net inflows on Thursday, with BlackRock's IBIT leading at $464 million.
📈 Fourth Consecutive Day: This marks the fourth straight day of ETF inflows, reversing September's outflow trend.
🏛️ Institutional Demand: Combined with Ethereum ETFs' $307 million inflows, total institutional demand reached nearly $1 billion in a single day.
Deep dive
Bitcoin's surge past $120,000 represents a significant technical and psychological breakthrough, driven primarily by renewed institutional appetite through ETF channels.
The $627 million in daily inflows, led by BlackRock's IBIT at $464 million, signals a dramatic reversal from September's outflow trend.
This institutional buying pressure, combined with Bitcoin's historical October strength averaging 14.4% gains since 2013, creates favorable conditions for sustained upward momentum.
The breakthrough above $120,000 also triggered significant short liquidations, further amplifying the price movement as leveraged bears were forced to cover positions.
Polaris insights AI-generated
Disclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
