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BTC eyes $115K breakout as ETF inflows, FTX payout, Uptober trends shape market


by Charles Thuo
for Invezz
BTC eyes $115K breakout as ETF inflows, FTX payout, Uptober trends shape market
Bitcoin eyes $115K breakout

Bitcoin (BTC) is showing signs of renewed momentum as investors watch the market closely for a potential breakout above the $115,000 level.

After bouncing from local lows near $108,000, the cryptocurrency has reclaimed the 50-day exponential moving average (EMA), signalling growing short-term bullish sentiment.

Multiple factors, including institutional ETF inflows, an impending FTX creditor payout, and historically favourable seasonal trends for October, are shaping market dynamics and driving optimism among traders.

Bitcoin ETF inflows fuel optimism

Institutional demand has emerged as a key driver of Bitcoin’s recent recovery.

Spot Bitcoin ETFs on September 29 recorded net inflows of over $518 million in a single day, marking the largest single-day institutional investment since mid-September.

Source: Coinglass

Fidelity’s FBTC fund accounted for nearly $300 million of this inflow, while others, including Grayscale’s GBTC, attracted additional capital.

These inflows reflect growing confidence among institutional investors, who are increasingly willing to re-enter the market after recent volatility.

The depth of these flows is further underscored by BlackRock’s IBIT options activity, which now leads Deribit, suggesting that institutional engagement is extending beyond ETFs into derivatives markets.

FTX payout adds liquidity

Adding to the positive sentiment, the defunct FTX exchange is set to distribute over $1.6 billion in stablecoins to creditors, marking the third phase of its planned payouts.

This influx of liquidity could further support Bitcoin and other cryptocurrencies by injecting fresh capital into the market.

Historically, stablecoin flows have acted as catalysts for upward price movements, and traders are anticipating that this distribution will provide additional buy-side pressure, reinforcing ongoing gains.

Uptober and seasonal tailwinds

October has long been considered a favourable month for Bitcoin (BTC), a trend now widely referred to as “Uptober.”

Historical data indicates average returns of approximately 21% to 27% in October since 2017, and the quarter as a whole has often been the strongest for BTC performance.

The Fear & Greed Index has also improved in recent weeks, moving from levels of “Fear” toward “Neutral,” reflecting growing market confidence.

Source: CoinMarketCap

Combined with institutional participation and supportive technical setups, these seasonal tailwinds provide an additional layer of optimism for traders as they monitor price action for a breakout.

Short-term Bitcoin price outlook

While the market shows encouraging signals, Bitcoin’s near-term trajectory depends on whether it can hold above $111,909 and overcome the immediate resistance at $115,000.

According to market analysis, a decisive move past $115,000 could pave the way for further gains and a potential retest of the all-time high around $124,500.

Conversely, failure to maintain support could see the cryptocurrency testing lower levels near $108,000, particularly amid ongoing macroeconomic uncertainties such as potential US government shutdowns and related data disruptions.

The post BTC eyes $115K breakout as ETF inflows, FTX payout, Uptober trends shape market appeared first on Invezz

Read the article at Invezz

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BTC eyes $115K breakout as ETF inflows, FTX payout, Uptober trends shape market


by Charles Thuo
for Invezz
BTC eyes $115K breakout as ETF inflows, FTX payout, Uptober trends shape market
Bitcoin eyes $115K breakout

Bitcoin (BTC) is showing signs of renewed momentum as investors watch the market closely for a potential breakout above the $115,000 level.

After bouncing from local lows near $108,000, the cryptocurrency has reclaimed the 50-day exponential moving average (EMA), signalling growing short-term bullish sentiment.

Multiple factors, including institutional ETF inflows, an impending FTX creditor payout, and historically favourable seasonal trends for October, are shaping market dynamics and driving optimism among traders.

Bitcoin ETF inflows fuel optimism

Institutional demand has emerged as a key driver of Bitcoin’s recent recovery.

Spot Bitcoin ETFs on September 29 recorded net inflows of over $518 million in a single day, marking the largest single-day institutional investment since mid-September.

Source: Coinglass

Fidelity’s FBTC fund accounted for nearly $300 million of this inflow, while others, including Grayscale’s GBTC, attracted additional capital.

These inflows reflect growing confidence among institutional investors, who are increasingly willing to re-enter the market after recent volatility.

The depth of these flows is further underscored by BlackRock’s IBIT options activity, which now leads Deribit, suggesting that institutional engagement is extending beyond ETFs into derivatives markets.

FTX payout adds liquidity

Adding to the positive sentiment, the defunct FTX exchange is set to distribute over $1.6 billion in stablecoins to creditors, marking the third phase of its planned payouts.

This influx of liquidity could further support Bitcoin and other cryptocurrencies by injecting fresh capital into the market.

Historically, stablecoin flows have acted as catalysts for upward price movements, and traders are anticipating that this distribution will provide additional buy-side pressure, reinforcing ongoing gains.

Uptober and seasonal tailwinds

October has long been considered a favourable month for Bitcoin (BTC), a trend now widely referred to as “Uptober.”

Historical data indicates average returns of approximately 21% to 27% in October since 2017, and the quarter as a whole has often been the strongest for BTC performance.

The Fear & Greed Index has also improved in recent weeks, moving from levels of “Fear” toward “Neutral,” reflecting growing market confidence.

Source: CoinMarketCap

Combined with institutional participation and supportive technical setups, these seasonal tailwinds provide an additional layer of optimism for traders as they monitor price action for a breakout.

Short-term Bitcoin price outlook

While the market shows encouraging signals, Bitcoin’s near-term trajectory depends on whether it can hold above $111,909 and overcome the immediate resistance at $115,000.

According to market analysis, a decisive move past $115,000 could pave the way for further gains and a potential retest of the all-time high around $124,500.

Conversely, failure to maintain support could see the cryptocurrency testing lower levels near $108,000, particularly amid ongoing macroeconomic uncertainties such as potential US government shutdowns and related data disruptions.

The post BTC eyes $115K breakout as ETF inflows, FTX payout, Uptober trends shape market appeared first on Invezz

Read the article at Invezz

Read More

U.S. Treasury To Ease Tax Rule on Unrealized Bitcoin Gains, Aiding Saylor’s Strategy

U.S. Treasury To Ease Tax Rule on Unrealized Bitcoin Gains, Aiding Saylor’s Strategy

The U.S. Treasury and IRS have released an interim guidance, which highlights plans t...
No Accident: The Powerful Factors Behind Bitcoin’s Late-September Rally

No Accident: The Powerful Factors Behind Bitcoin’s Late-September Rally

Bitcoin climbed sharply at the end of September 2025 after a run of heavy selling lef...