3 key Bitcoin charts signal bullish momentum after BTC’s record weekly close above $123K
Bitcoin has just logged its strongest weekly close ever, settling around $123,400, which signals entry into a new phase of price discovery. As the digital asset consolidates near its all-time high (~$125,800), three key metrics, technical structure, futures flows, and on-chain profit & loss dynamics, underline that bulls remain in control.
1. Structural momentum: bulls pressing upper bounds
Bitcoin’s structural indicators suggest sustained bullish strength. The price has been pressed against the upper boundary of the 21-day “Donchian channel” (around $125,200), a sign of persistent upside pressure.
In parallel, the structure shift composite (an indicator that captures trend strength and pullback control) holds at +0.73, pointing to buyer dominance and restrained retracements.
The conflict around the $125,000 ATH level now becomes pivotal, whether it breaks higher or triggers a pause for consolidation could define the near-term trajectory.
2. Futures flow index and derivative signals
The futures flow index is flashing strong bullish signals: currently reading 96%, and with price significantly above its 30-day “fair value” (~$117,500), this setup is characteristic of a “bullish mode.”
However, markets displaying overheated derivatives activity often undergo short corrective digestions before resuming upward moves.
On the on-chain side, the Profit / Loss Block score is at its maximum (+3), indicating that most UTXOs (unspent transaction outputs) are sitting in profit, a healthy environment for dip buying and risk appetite.
Meanwhile, the short-term holder MVRV ratio is climbing toward its +1 band (near ~$133,000), flagging potential resistance zones where profit-taking could intensify.
Maintaining momentum with P/L metrics above the 90th percentile will be crucial to avoid trend fatigue or divergence.
3. Scenarios ahead: momentum grind or mean reversion
After this record weekly close above $123,000, Bitcoin’s short-term outlook diverges into two plausible paths:
- Momentum-grind continuation: In this scenario, prices remain elevated, carving out a tight consolidation range between ~$122,000 and $124,000. This lateral compression can serve as a base for renewed upward expansion. If the structure holds, the trend bias remains bullish and signals that higher prices may follow gradually.
- Mean reversion pullback: Alternatively, a corrective move could probe downward toward key support zones. The article identifies a liquidity area spanning ~$118,500 to $120,000, aligned with the 50-, 100-, and 200-period exponential moving averages (EMAs) on shorter timeframes. A dip into this zone would allow leverage reset, demand redistribution, and structural integrity retention, so long as support around ~$118,000 holds.
Overall, the article argues that the market likely enters a consolidation phase underpinned by bullish strength, either through a narrow compression or a brief sweep of liquidity zones. The broader trend remains upward, unless momentum breaks below mid-$118,000 zones.
Source: Cointelegraph
Record $6 billion crypto inflows as US shutdown and weak jobs data boost demand for Bitcoin and Ethereum
In the wake of the recent U.S. government shutdown and disappointing jobs data, cryptocurrency investment products logged their largest weekly inflows ever, totaling approximately $5.95 billion. These inflows pushed total assets under management (AUM) in crypto-related funds to a record high of about $245 billion.
Investors appear to be shifting away from speculative plays and treating crypto as a macro hedge — a liquid alternative in times of fiscal stress and uncertainty.
The surge was not driven by retail frenzies but by macroeconomic concerns: weak labor statistics (including a soft ADP payroll report) and the instability introduced by a government shutdown gave investors reason to look for refuge in digital assets.
James Butterfill, head of research at CoinShares, attributed the flow to a delayed reaction to the Federal Open Market Committee’s recent rate cut, combined with these political and economic factors.
Bitcoin dominated the inflows, bringing in $3.55 billion, its strongest week ever. Around $3.2 billion of that came via U.S.-based Bitcoin ETFs, making it one of the highest single-week performances for such instruments. Meanwhile, Ethereum reversed recent redemptions and drew in $1.48 billion in fresh capital, nearly tripling its year-to-date inflows.
Solana-focused funds experienced record flow as well, with $706.5 million entering, pushing its 2025 total to $2.85 billion. XRP also saw new interest, with $219.4 million flowing in, likely tied to expectations around future spot investment products.
These numbers underscore a shift in the crypto markets: rather than being driven by hype, inflows are increasingly responding to macroeconomic signals, liquidity trends, institutional sentiment, and policy risks.
As the U.S. faces political instability and mixed economic data, crypto is being embraced by some as a more robust alternative to traditional safe havens.
Ultimately, the article suggests we may be seeing a new paradigm: crypto assets serving as part of institutional portfolios’ risk mitigation strategies — especially during periods of heightened macro volatility.
Source: CryptoSlate
NYSE parent’s $2 billion investment values Polymarket at $9 billion, a new era for crypto prediction markets
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has invested $2 billion into the cryptocurrency prediction market Polymarket, valuing the company at approximately $9 billion post-money.
This investment marks a significant move by a major traditional finance institution into the rapidly evolving world of crypto prediction markets.
Polymarket is a platform in which users can trade “shares” in the outcomes of real-world events, for instance, elections, sporting events, or financial milestones, with market prices reflecting the crowd’s implied probability of those outcomes.
Trades are usually settled in stablecoins, and markets are designed to resolve via verifiable sources. Due to regulatory constraints, access for U.S. users has been restricted.
This funding round coincides with Polymarket’s push to relaunch in the U.S. The company recently acquired QCEX, a derivatives exchange and clearinghouse licensed in the U.S., for $112 million as part of its U.S. reentry strategy.
In early September, the U.S. Commodity Futures Trading Commission (CFTC) issued a no-action letter to QCEX, easing some federal reporting and record-keeping requirements, a notable shift in regulatory posture toward the firm.
This is a significant development, given that Polymarket had previously faced legal challenges: in 2022, the CFTC issued a cease-and-desist order against it, and in 2024 the FBI executed a raid on the Polymarket CEO’s home, confiscating electronics for investigation.
Polymarket has also recently made changes in its leadership and advisory team: Donald Trump Jr. was added to its advisory board following a strategic investment via politically-aligned 1789 Capital. The sum of that investment was not made public but was estimated in the “double-digit millions.”
Ultimately, ICE’s $2B backing cements a strong bridge between Wall Street and crypto-native markets. The move suggests confidence in prediction markets as a next frontier in decentralised finance, and positions Polymarket to leverage regulatory shifts in the U.S. to expand its reach. The infusion gives Polymarket momentum to scale, while also further legitimizing the concept of blockchain-based markets for forecasting real-world events.
Source: Cointelegraph