Bitcoin reached a new all-time high above $126,000 on Monday. The price peaked at $126,198 before pulling back slightly.
The surge came as US spot Bitcoin ETFs recorded their second-best day of inflows since launching. The 11 ETFs saw $1.18 billion flow in on Monday.
This was the second-largest daily inflow in history. The only bigger day was November 7, 2024, when the ETFs took in $1.37 billion after Donald Trump won the presidential election.
Bitcoin is currently trading above $124,000 and the 100-hour simple moving average. A short-term bullish trend line has formed with support at $124,200.
The price managed to stay above $122,000 and started a fresh increase. BTC moved above the $123,500 resistance zone.
Bulls pushed the price through $125,000 and $125,500 levels. The price even cleared $126,000 before the recent pullback.
BlackRock’s IBIT led the pack with $967 million in inflows on Monday. The fund has brought in $2.6 billion since the beginning of October.
10/6 Bitcoin ETF Total Net Flow: $1,186.95 million
(2ND HIGHEST INFLOW SINCE INCEPTION)$IBIT (BlackRock): $966.82 million$FBTC (Fidelity): $112.32 million$BITB (Bitwise): $60.12 million$ARKB (Ark Invest): $0.00 million$BTCO (Invesco): $7.51 million$EZBC (Franklin): $3.64… https://t.co/mys2DhXvZg pic.twitter.com/zw0eHrDEZq
— Trader T (@thepfund) October 7, 2025
Fidelity’s FBTC recorded $112 million in inflows. Bitwise’s BITB saw $60 million, while Grayscale’s BTC Mini Trust recorded $30 million.
October’s total ETF inflows reached $3.47 billion across just four trading days. Since launching, Bitcoin ETFs have cumulatively brought in around $60 billion.
The massive demand shows the influence of institutional investors in this bull market. Retail investors are reportedly still on the sidelines.
BlackRock’s IBIT is close to surpassing $100 billion in assets under management. The fund currently holds $98.5 billion in Bitcoin and cash.
IBIT holds 783,767 BTC according to its official website. The fund is set to reach the $100 billion mark in under 450 days.
The Vanguard S&P 500 ETF took more than 2,000 days to hit that milestone. Only 18 of over 4,500 trading ETFs have more than $100 billion in assets under management.
Immediate resistance for Bitcoin sits near $125,250. The first key resistance level is at $125,500.
The next resistance could be $126,200. A close above that level might push the price higher toward $126,500.
If Bitcoin clears those levels, the price could test $128,000. The next barrier for bulls would be $130,000.
On the downside, immediate support is near $124,200 and the trend line. The first major support sits at $123,250.
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