Bitcoin Soars Past $125K on Record ETF Inflows, Eyes $200K
Bitcoin price surged past $125,000, fueled by record spot Bitcoin ETF inflows of $5.95 billion in one week. Institutional buyers—including treasury firms purchasing over 6,700 BTC led by Metaplanet—drove demand. Exchange reserves fell to a six-year low as ETFs and businesses acquire more BTC than miners produce. Macro factors such as a US government shutdown, renewed rate-cut expectations and a weaker dollar added to bullish sentiment. Technical resistance near $124,000 may prompt a short pullback before Bitcoin price advances toward the $200,000 target projected by JPMorgan by year-end.
Bullish
Record ETF inflows and large institutional purchases have tightened Bitcoin’s exchange supply, reinforcing bullish momentum. Macro drivers—from a weaker dollar to rate-cut expectations and a US government shutdown—add further upside pressure. While technical resistance near $124K may cause a brief pullback, ongoing demand and forecasts of $200K by year-end suggest sustained price gains in both the short and long term.