A New Bitcoin All-Time High Could Come As Early As Next Week | US Crypto News
Welcome to the US Crypto News Morning Briefing—your important rundown of crucial developments in crypto for the day forward.
Grab a espresso as markets brace for an additional pivotal second. From Washington’s shutdown to deep-pocketed crypto whales pushing leverage, forces are converging that would propel Bitcoin (BTC) into uncharted territory. Analysts discover themselves break up on whether or not this power is strong or fragile.
Crypto News of the Day: Geoff Kendrick Sees Bitcoin Ready for $135,000 as Shutdown Looms
Bitcoin could also be on the point of a contemporary all-time high, in keeping with Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick.
In an unique electronic mail to BeInCrypto, Kendrick mentioned he expects Bitcoin to “print a contemporary all-time-high subsequent week” and push towards his long-held Q3 goal of $135,000, reported in a latest US Crypto News publication.
The catalyst, he argues, lies within the dynamics of the US government shutdown.
“The shutdown issues this time round. During the earlier Trump shutdown (December 22, 2018, to January 25, 2019), Bitcoin was in a special place than it’s now, so it did little. However, this yr, Bitcoin traded with US authorities dangers, as greatest proven by its relationship to US treasury time period premium,” Kendrick defined.
On Polymarket, merchants are pricing a 60% chance that the shutdown lasts between 10 and 29 days, suggesting no fast decision.
For Kendrick, this creates an prolonged surroundings through which Bitcoin can outperform as a hedge towards fiscal gridlock and US credit score stress.
The different key driver lies in ETF flows. Gold has been outperforming Bitcoin ETFs in latest weeks, however Kendrick expects that development to reverse.
“Net Bitcoin ETF inflows are actually at USD58bn, of which USD23bn has been in 2025. I’d anticipate a minimum of one other $20 billion by year-end, a quantity which might make my $200,000 year-end forecast doable,” he mentioned.
With Uptober underway and liquidity dynamics handing over Bitcoin’s favor, Kendrick believes the market is ready to reward holders with a brand new peak within the coming days.
Perp Whales Drive Aggressive Longs, Raising Both Hopes and Risks
While macro tailwinds dominate headlines, on-chain and derivatives information point out rising momentum for Bitcoin’s subsequent breakout. Analysts at CryptoQuant and different companies spotlight a surge in perpetual futures exercise led by perp whales.
“Bitcoin perp whales went lengthy closely on OKX, Bybit, HTX. The taker purchase ratio on OKX is the very best since January 2023,” wrote Ki Young Ju, founder and CEO of CryptoQuant.
According to Ki, the present setup marks the fourth try to interrupt Bitcoin’s ATH, solely this time, perp whales are on the frontline.
Supporting this, analyst Maartunn noticed that for the reason that month-to-month open, taker purchase quantity has exceeded promote quantity by roughly $1.8 billion.
“Futures consumers are stepping up…clear signal of aggressive lengthy positioning,” Maartunn stated.
This exercise has fueled hypothesis {that a} leveraged rally could also be within the works. In a latest evaluation, Maartunn defined that rallies powered primarily by borrowed capital quite than long-term spot accumulation are inherently fragile.
“It may look spectacular for a short time, however it’s extremely unstable and simply ready for a cause to fall over,” he warned.
The danger is that heavy lengthy positioning might set off cascading liquidations if momentum falters, suppressing spot demand at the same time as costs rise.
This makes present valuations extra speculative than sustainable. Still, with whale positioning aligned with macro catalysts like the federal government shutdown and ETF flows, the situations seem ripe for Bitcoin to lastly clear its all-time high barrier.
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Here’s a abstract of extra US crypto information to comply with as we speak:
- ETF inflows return: Bitcoin and Ethereum document $900 million in inflows in sooner or later.
- Fresh Bitcoin demand emerges as worth claims $120,000; up next – new ATH.
- Privacy coins quietly outperform Bitcoin and Ethereum with 71.6% features in 2025.
- Bitcoin options traders show cautious optimism after $120,000 breakout.
- Solana holders are unconvinced of a 20% worth rise; Major selling begins.
- Why Ripple’s RLUSD progress highlights Ethereum, not XRPL, as the real winner.
- Analyst says Hyperliquid still ‘most investible,’ regardless of shedding share to Aster.
- Circle reports $2.4 trillion stablecoin activity in Asia-Pacific.
Crypto Equities Pre-Market Overview
| Company | At the Close of October 2 | Pre-Market Overview |
| Strategy (MSTR) | $353.33 | $352.00 (-0.026%) |
| Coinbase (COIN) | $372.07 | $373.50 (+0.38%) |
| Galaxy Digital Holdings (GLXY) | $36.52 | $36.89 (+1.01%) |
| MARA Holdings (MARA) | $18.79 | $18.98 (+1.01%) |
| Riot Platforms (RIOT) | $19.25 | $19.36 (+0.57%) |
| Core Scientific (CORZ) | $18.10 | $18.13 (+0.17%) |
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