Bitcoin Hits 2-Month At $118,000 High, Ethereum, XRP, Dogecoin Rocket Higher
October 2, 2025
Bitcoin has hit its highest price in two months by surging above $118,000 on early Thursday morning.
Notable Statistics:
- Coinglass data shows 106,691 traders were liquidated in the past 24 hours for $357.41 million.
- SoSoValue data shows net inflows of $675.8 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $80.8 million.
Trader Notes: Daan Crypto Trades emphasized October’s historical strength but cautioned that seasonality should not be the sole basis for trading decisions.
Currently, Bitcoin is on a streak of six consecutive green Octobers, with the past six months aligning closely with average returns.
Trader XO noted BTC trading near the Value Area High around $119,000, aligning with the $120,000 five-week composite high, which acts as local resistance. A potential pullback into $114,000–$115,000 could offer a favorable long setup as part of a corrective rotation.
Crypto Bully observed Ethereum setting a local low near $3,900, with $4,300 as key resistance. Weak reactions at this level suggest bulls may regain control, presenting long opportunities.
Crypto chart analyst Ali Martinez highlighted XRP holding support at $2.80, leaving room for a potential rebound if the level remains intact.
For Solana, Martinez sees a bullish retest completed, targeting $320–$360 next.
Daan Crypto Trades noted Dogecoin maintained key support and formed a higher low, mirroring patterns in other majors. Continued higher lows and higher highs could pave the way for a larger upward move.
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