Bitcoin surged 6% in 7 days, breaking $125,000! ETF attracted $1.2 billion in a single day, setting a record, with interest rate cuts and a weakening dollar supporting the $140,000 target.Bitcoin (BTC) recorded a 6% rise over the past 7 days and broke through the $125,000 mark this week, setting a new historical high. This surge is driven by multiple macro favourable information factors, including improved market sentiment from the Fed's first interest rate cut of the year, and the weakening of the dollar due to the U.S. government shutdown, prompting investors to view Bitcoin as a safe haven. Most notably, there has been an influx of institutional funds: on October 6, the Bitcoin ETF saw a net inflow of up to $1.2 billion in a single day, with total monthly inflows reaching an astonishing $4.4 billion, pushing its total assets under management (AUM) to a historic high of $62 billion. Technical analysis shows that Bitcoin is performing a classic retest of key resistance, combined with strong capital inflow, indicating that prices are likely to experience explosive growth towards $140,000 in the coming weeks.
MarketWhisper·12m ago