TLDR
- Bitcoin hit an all-time high of $126,219 before dropping 4.2% in a Tuesday correction, now trading near $122,000
- Bitcoin ETFs saw $3.55 billion in weekly inflows, pushing total assets under management to $195.2 billion
- Bitcoin exchange balances fell to a five-year low of 2.38 million BTC, down from 2.99 million a month earlier
- Bitcoin futures open interest stands at $72 billion with an 8% annualized premium, staying within the neutral range
- Technical resistance sits at $123,500 with support at $120,500, while traders target $150,000 by year-end
Bitcoin reached a new all-time high of $126,219 on Monday before pulling back 4.2% on Tuesday. The correction came after a 12.5% weekly gain.
The price is currently consolidating near $122,000. Bitcoin has gained 31% year-to-date in 2025, outpacing the S&P 500’s 14% increase.
Weekly inflows into Bitcoin exchange-traded products totaled $3.55 billion. This pushed total assets under management to $195.2 billion. For comparison, listed instruments backed by silver currently total about $40 billion.
Bitcoin futures are trading at an 8% annualized premium compared to spot markets. This falls within the neutral 5% to 10% range. Markets showing excessive confidence typically push this spread above 20%.
The current premium level reduces the risk of cascading liquidations if Bitcoin’s price drops further. Data suggests the rally from $109,000 on September 26 was driven by real inflows rather than speculation.
Corporate Adoption Continues
Bitcoin investment companies like Strategy and Metaplanet continue buying BTC as a reserve asset. Brazilian company OranjeBTC began trading on the stock market on Tuesday.
The company accumulated 3,675 BTC, valued at more than $445 million. These corporate purchases reinforce Bitcoin’s status as an independent asset class.
Bitcoin deposits on exchanges dropped to their lowest levels in over five years. Glassnode estimates total exchange balances at 2.38 million BTC. This represents a decline from 2.99 million one month earlier.
The declining balances point toward ongoing accumulation. Large buyers can still access supply through over-the-counter desks.
Bitcoin futures open interest across major exchanges currently stands at $72 billion. This is down 2% from Monday but remains at a healthy level. A deep and liquid derivatives market attracts flows from global hedge funds and asset allocators.
Technical analysis shows immediate resistance at $122,250. The first key resistance sits at $123,500. A close above $124,200 could send the price toward $125,500.
Further gains might push Bitcoin toward $126,000. The next barrier for bulls would be $126,200.
Support levels are at $121,200 and $120,500. A break below could test $118,500. The main support sits at $115,500.
If Bitcoin fails to rise above $123,500, it could start a fresh decline. The hourly MACD is losing pace in the bullish zone. The RSI is now below the 50 level.
Bitcoin’s derivatives market remains strong with futures open interest at $72 billion. The strength of institutional flows and reduced exchange supply support further price movement. Traders are targeting $150,000 or more by year-end based on current market conditions.
