Bloomberg — Bitcoin established a new record on Sunday for the first time since mid -Augustsince the closure of the US government led investors to refuge assets in a migration nicknamed the “devaluation trade.”
The largest digital asset rose to US $ 125,689 during the weekend, according to data collected by Bloomberg. On Monday morning in New York remained at a short distance from its historical maximum, quoting about US $ 124,000.
See more: Bitcoin reaches a new record while the narrative of the “uptober” strengthens
The increase occurred in the middle of a closure of the US government that has helped feed the demand for assets perceived as a safe refuge. The closure meant that the labor statistics office did not publish non -agricultural payroll figures on Friday. Gold advanced above US $ 3,900 on Monday to mark another recordextending a rally of months, while Bitcoin led the increases among cryptodivisas.
The decrease in liquidity in cryptocurrency markets over the weekend probably contributed to the impulse of the price of Bitcoin, wrote Alex Kuptsikevich, head analyst at FXPRO markets, in a note on Monday. “There was a similar pattern in July and August, when there was a strong increase after updating the maximums in approximately these sales levels,” he added.
Investors invested US $ 3.2 billion in a group of 12 funds quoted in the US Bitcoin Stock Exchange last week, the second largest collection since its launch in 2024. Meanwhile, the notional open interest of the ETF ishares Bitcoin Trust of Blackrock rose to a record of US $ 49.8 billion on Friday, according to data collected by Bloomberg.
The total open interest in Deribit, a popular cryptographic derivatives bag, and combined Ibit is now approaching the brand of US $ 80,000 million, approximately ten times the levels of early 2024and most of that amount has occurred in the last six months, wrote David Lawant, director of Research at Falconx, in a note on Monday.
“It is likely that the dynamics of the option market being configuring the evolution of the underlying market more than ever,” he added.
From here, the operators expect to see resistance at US $ 135,000, with US $ 150,000 “in view if the impulse is maintained,” said Rachael Lucas, BTC Markets analyst. “But with leverage accumulating, any abrupt setback could shoot volatility.”
The options markets are “biased bullish”, with more than 60% of the open interest in purchase options, a state of things “that reflects a strong convictionbut also raises the risk of liquidations waterfalls if the impulse stagnates, ”Lucas added.
See more: Citi foresees a rally for the price of Bitcoin and Ether if these conditions are given
October, often called “uptober” by cryptocurrency operators, has historically been the month with better performance for Bitcoin. According to data collected by Bloomberg, the currency has registered average gains of around 22.5% in October during the last decade.
The Ether, the second most important digital asset, remained relatively unchanged at US $ 4,560 at 6:18 a.m. Monday in New York. The XRP remained stable in just under US $ 3.
This article was updated at 07:22 ET hours on Monday, October 6, 2025.
Read more at Bloomberg.com
