Bitcoin’s sitting pretty at $121,000 today, closing in on its all-time high from mid-August 2025, when it topped $124,000-$125,000. Just a month ago, it dipped to $107,000-$109,000 after a high some called a flash in the pan. Turns out, the buzz is no fluke, it’s a legit wave of support from both the crypto community and big institutional players.
Bitcoin’s had a cracking week, climbing 7-10% from those late September lows to today’s $121,000 peak, its highest since mid-August. This rally’s kicked off the “Uptober” chatter, with historical data showing October gains averaging 14.4%-22% since 2013. That’s a hefty trend, and the big players reckon this momentum’s got legs.
J.P. Morgan’s eyeing $165,000 by year-end, citing Bitcoin’s undervaluation compared to gold. Michael Saylor’s super bullish, projecting massive long-term gains (think millions by 2045), while Citigroup’s forecasting $133,000 by December 2025, with $181,000 possible in a year. So, let’s break down the inflows to show this isn’t just hype.
BlackRock’s iShares Bitcoin Trust (IBIT) is king, pulling in $466.55 million on 2 October and $405 million on 1 October, with assets topping $61 billion.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows, snagging $179 million on 1 October and $89.62 million on 2 October, holding about $12.46 billion in assets.
Ark/21Shares (ARKB) takes third with a solid $45.18 million on 2 October.
Total inflows over the past three days hit over $1.3 billion, with $676 million on 1 October and $627 million on 2 October, part of a $7.8 billion Q3 haul.
The writing’s on the wall: Bitcoin’s riding a wave of institutional cash and community hype, making it a strong hedge against inflation or a way to align with the big dogs. All investments carry risks, so do your homework before diving in. If you’re curious about getting started, check out trusted platforms or custodians for Bitcoin options.