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"Bitcoin has smashed a new all-time high above $126,000, catching traders completely off guard. In this video, Nic breaks down what triggered the surge — from $5 billion in ETF inflows and massive short squeezes to key macro drivers — and what the data says about where Bitcoin goes next.
He also unpacks on-chain indicators showing strong fundamentals, Wall Street’s bullish price targets up to $200,000, and the major risks that could slow momentum. With institutional capital now steering the market, this could be the start of a new Bitcoin era — not the end of the rally."
~ Coin Bureau
The video discusses the unexpected Bitcoin rally that pushed the price above $126,000, breaking through previous resistance levels and liquidating nearly a billion dollars in short positions. The primary catalyst for this surge was the massive inflow of institutional capital, specifically over $5 billion, into US spot Bitcoin ETFs during the first week of October 2025, with BlackRock's iShares Bitcoin Trust leading the way. This institutional demand, coupled with macro catalysts like the US government shutdown driving investors to decentralized assets and market expectations of Federal Reserve interest rate cuts, has ushered in a new paradigm for Bitcoin trading, potentially rendering the old predictable 4-year cycle less relevant.
While short-term technical indicators like the Relative Strength Index and MACD suggest the market is currently overbought and losing momentum, the on-chain data paints a much more bullish long-term picture. The supply of Bitcoin on centralized exchanges has fallen to a six-year low, indicating an intense supply crunch. Furthermore, long-term holders are not selling, as the percentage of coins held for over a year remains exceptionally high, and the MVRV z-score, a reliable top indicator, is nowhere near levels associated with previous cycle peaks. Wall Street institutions are now targeting prices between $150,000 and $200,000, with some analysts believing the final peak could arrive between late 2025 and the first quarter of 2026. The main risks to this rally include a hawkish shift by the Federal Reserve and the record high leverage in the futures market, which could trigger a volatile correction.
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=wqhjmSacVcs
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
