Bitcoin News: BTC Price Hits $120K with Spot ETFs Crossing $600M in Inflows
October 3, 2025
Key Notes
- Bitcoin hit $120,000, nearing its all-time high.
- Spot Bitcoin ETFs posted $627M in inflows over four days.
- Citi has set a year-end target at $133K, with a bullish case at $181K.
BTC
$120 015
24h volatility:
1.1%
Market cap:
$2.39 T
Vol. 24h:
$68.67 B
jumped to $120,000 this week, briefly hitting $121,000 and moving close to its all-time high of $124,457 from August.
As CoinMarketCap data shows, the price is up almost 10% in the past week, supported by strong demand from spot Bitcoin exchange-traded funds (ETFs), which brought in $627 million over four straight days.
Related article: Bitcoin ETFs See $430M Inflow as US Government Shutdown Fuels Safe-Haven Demand
According to SoSoValue data, Ethereum
ETH
$4 463
24h volatility:
1.7%
Market cap:
$538.64 B
Vol. 24h:
$42.29 B
ETFs also gained momentum, with $307 million in inflows during the same period.
Wall Street Forecasts
Big banks remain divided on where Bitcoin is headed. Citigroup expects the token could reach $181,000 in the next 12 months, but sees $133,000 as a more realistic year-end target.
Citi noted that inflows into ETFs could hit $7.5 billion by year-end, while strong equity markets could push prices even higher. On the other hand, it also warned that Bitcoin could slip to $83,000 if the global economy weakens.
Moreover, Citi lifted its year-end forecast for Ethereum to $4,500. The bank sees the token’s yield from staking as a key factor attracting more institutional investors in the near future.
Retail Demand and the “Debasement Trade”
JPMorgan analysts say retail investors are turning to Bitcoin and gold as part of what they call the “debasement trade.”
Concerns over inflation, high government deficits, and weakening confidence in fiat currencies have led to growing demand for alternative assets. Bitcoin is now up nearly 95% in the past year, gold more than 40%, and silver about 60%.
Investors are spreading their bets across Bitcoin, gold, and silver as they look for protection against economic uncertainty.
Options Market Signals
Data from Glassnode shows traders focusing on the $100,000–$120,000 range for Bitcoin. Some bets are also being placed at $130,000 and even further out at $300,000, though these are more speculative.
The balance between calls and puts suggests traders are hedging both upside and downside risks, showing that $120,000 is a key level for the market.
The fourth quarter is generally bullish for BTC and the broader crypto market is also rallying, with top analysts sharing their take on the next crypto to explode in 2025.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
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