October In Crypto: BTC Rockets To 125K, ETH Finds Its Footing, TON Gains Real-World Traction
Bitcoin (BTC)
What a turnaround. Bitcoin spent September flirting with catastrophe, sliding all the way in which down close to 108K. Then, out of nowhere, it kicked again into gear and shot to a recent all-time high round 125K. Right now it’s caught in suspense — neither persevering with the rally nor rejecting it. So merchants, preserve your eyes peeled and your threat appetites in verify.
So, what brought on the rally? Let’s begin with the ETF flows. They roared again to life after a sluggish month, pushing billions in recent capital into spot funds. It’s virtually humorous how shortly that dynamic adjustments the tone — one week of sturdy inflows and all of a sudden everybody’s bullish once more, pretending they by no means panicked.
Corporate patrons stayed within the image too. Strategy added to its pile, due to course it did. Japan’s Metaplanet saved stacking as effectively. And these aren’t ‘flashy headlines’ anymore — institutional strikes like these have gotten a sort of background heartbeat for Bitcoin.
Bitcoin Balance Sheet #21
•Last 7 days: 13 public firms added to their BTC holdings
• Top 100 now holds 1,031,231 BTC (~$115B)Top Buys
@ORANJEBTC 3,600 BTC@Strategy 196 BTC@Cango_Group 141 BTC@bitcoinhodlco 112 BTC@MacHouse_info 112.6 BTC
Sign up for our… pic.twitter.com/RPSTdSACJ1
— BitcoinTreasuries.NET (@BTCtreasuries) October 3, 2025
And the alternate information backed it up. Coins saved draining off exchanges, heading into custody or long-term chilly wallets. That means fewer liquid cash to promote, and each little dip finds patrons quicker than earlier than. Basically a provide squeeze.
And macro added its personal unusual seasoning. The U.S. authorities stumbled by way of one more shutdown scare, injecting a dose of uncertainty that markets by no means love. Then the greenback softened — just a bit — sufficient to make threat property breathe simpler. Gold began rallying once more too, reclaiming its safe-haven aura. Each of those by itself doesn’t imply a lot, however collectively they constructed an setting the place Bitcoin all of a sudden seemed sort of affordable.
The leverage, although, is inconceivable to disregard. Open curiosity in futures hit new highs, and everybody is aware of how that film ends. All it takes is a single spook — a nasty headline, an ETF outflow, a macro shock — and also you get a type of nasty, ten-minute flushes. The present setup’s bullish, positive, however it’s additionally fragile.
$BTC Sunday replace absolutely accomplished
From $109k to $120k.
Liquidations at $120k have been hit. Now we’re on this Liquidity Pool (LP) which represents an imbalance within the chart and must be absolutely retraced ($123.2k).
I’ll deliver a brand new replace on Sunday if I get time
https://t.co/8GRjA2K6Hj pic.twitter.com/U2ApbXoJWb
— CrypNuevo
(@CrypNuevo) October 3, 2025
Right now, Bitcoin’s simply sitting between 120K and 125K prefer it owns the place. It doesn’t really feel like euphoria but, extra like coiled pressure. The market’s ready for one thing — perhaps affirmation, perhaps permission — to resolve whether or not that is one other leg increased or a lure for the latecomers.
Ethereum (ETH)
Ethereum moved later, as traditional. It spent most of September dragging its toes, then adopted Bitcoin’s lead and rallied about fifteen p.c. By week’s finish, it was hanging across the mid-$4Ks — shut sufficient to style the previous highs, however yeah, nonetheless not fairly there.
Despite the rally, the tone was extra cautious right here. ETF inflows picked up once more, although not with the identical depth as Bitcoin’s.
Then got here some recent validation from the TradFi facet. Analysts began speaking about Ether once more, and analysis desks started together with it in portfolio fashions. It’s refined, however it issues as a result of the dialog’s basically shifting from hypothesis to allocation.
Meanwhile, on the infrastructure entrance, the SWIFT–Linea connection lastly acquired formalized. That’s a type of headlines that doesn’t set off alarms on buying and selling desks however retains echoing by way of enterprise circles.
So far, Ethereum’s shadowing Bitcoin however with much less emotional baggage. If BTC consolidates, ETH may really look cleaner — much less overextended, extra symmetrical. And if Bitcoin rips once more, ETH has each purpose to chase it towards $5K. For now, it’s a sluggish construct, not a rush.
Toncoin (TON)
TON’s story final week felt completely different although. Instead of any explosions — or collapses — it confirmed a gentle, deliberate climb after weeks of doing subsequent to nothing. It began pushing again towards that $2.9 vary, and you would inform the tone shifted from “forgotten alt” to “value one other look.”
The causes, other than the plain Bitcoin winds, are Telegram’s severe under-the-bonnet strikes. For one, the @pockets mission began prepping tokenized shares and ETFs instantly contained in the app. It’s a fairly radical transfer that’s meant to provide a whole lot of hundreds of thousands of Telegram customers entry to funding merchandise with out leaving their chats. It’s nonetheless early, however it’s precisely the sort of experiment that might make TON matter exterior of crypto.
Then Telegram introduced a brand new AI lab in Kazakhstan, and the statements popping out of it made clear that blockchain can be a part of the plan. They’re speaking about integrating TON infrastructure into AI instruments, which may finally blur the road between messaging, finance, and machine studying.
And there was additionally a company shake-up. TON employed a advertising and marketing lead who beforehand labored at Apple and Nike — a transparent sign that the mission desires to develop past its tech-geek viewers. At the identical time, AlphaTON moved to amass a majority stake in Animoca’s Gamee, pulling gaming nearer into the ecosystem. All issues mixed, you may see the skeleton of a consumer-grade technique forming.
But the monetary construction retains evolving too. TON Strategy went heavy into staking, locking up tens of hundreds of thousands of tokens and hinting at potential buybacks down the street. That’s not the sort of transfer that pumps value in a single day, however it does form the provision curve over time.
Price-wise, TON nonetheless reacts to Bitcoin’s moods. But beneath the floor, there’s precise progress — actual large partnerships, new infrastructure, an general stronger sense of route. This sort of momentum could really feel sluggish till in the future it doesn’t.
The put up October In Crypto: BTC Rockets To 125K, ETH Finds Its Footing, TON Gains Real-World Traction appeared first on Metaverse Post.
