Bitcoin Price Hits New ATH As Polymarket Traders Eye $130K

Bitcoin surged past $125K to a new all-time high (ATH) as Polymarket traders eye $130K in ”Uptober.”

BTC pumped over 2% in the last 24 hours to trade at $125,304.80 as of 12:55 a.m. EST, according to CoinMarketCap. The king of cryptos has soared 13% in the past week.

BTC price chart (Source: CoinMarketCap)

Polymarket Traders Bet Bitcoin Will Reach $130K This Month As Sentiment Spikes

Traders on the decentralized predictions market platform Polymarket believe the largest crypto by market cap still has room to climb.

In a contract asking how high the Bitcoin price will climb in October, the biggest odds were placed on $126K, with traders on the platform predicting a 94% chance that BTC will reach that milestone this month.

The next-biggest odds of 69% were placed on Bitcoin reaching $130K this October. Some 33% of betters put money on the Bitcoin price soaring as high as $135K.

Backing the Polymarket traders’ bullish outlook is the fact that October has been a historically positive month for the Bitcoin price. Since 2013, there have only been two instances where BTC has not gained in October, according to data from Coinglass.

Bitcoin has recorded gains for the past six Octobers and in many previous years it has printed double-digit gains during the month. It is up over 8% for the month so far. 

Crypto investors are in upbeat mood, with the Crypto Fear & Greed Index doubling in just the past week. 

Crypto Fear & Greed Index (Source: Alternative.me)

The index, which is a commonly-used tool to gauge sentiment in the market, currently stands at a “Greed” score of 74. Just a week ago, the index showed “Fear” in the market with a reading of 37. 

Institutional investors have been piling into spot Bitcoin ETFs (exchange-traded funds). In the past week, $3.2 billion has flowed into these products, marking their second-best week on record, according to data from Farside Investors. The previous week, the products recorded net outflows of $902 million. 

The Bitcoin ETFs have now generated over $60 billion in inflow since Jan 2024https://t.co/04S8jMGSPF pic.twitter.com/lludT0BMuz

— Farside Investors (@FarsideUK) October 4, 2025

The spot BTC ETFs are also on a five-day inflows streak after recording nearly $1 billion in net daily inflows on Friday. BlackRock’s IBIT continued to dominate, with over $1.7 billion net inflows last week.

4-Hour Liquidations Soar As BTC Rises

Bitcoin’s latest ATH above $125K caught some traders by surprise, especially those who were anticipating the leading crypto’s price would drop.

In the past four hours, liquidations in the market hit $174.4 million. Meanwhile, only $17.67 million got liquidated from long positions during the same period. Most of the short liquidations were Bitcoin trades, with $136.13 million getting wiped out from these positions in the past four hours. 

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