Bitcoin surges past $122,000 fueled by strong buying from US investors - Cryptured.com

Cryptured · 2025-10-17T07:23:51+00:00

Bitcoin surged above $122,000 as US traders increased open interest to a record $89 billion, driven by rising spot demand and leveraged bets. Institutional ETF inflows of $2.2 billion and postponed economic reports boosted investor sentiment, although Bitcoin's annual performance lags behind gold and silver.

Cryptured

2025-10-17 07:23:51

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With open interest (OI) reaching a record $89 billion, US traders drove prices near to their all-time high on Friday, causing Bitcoin (BTC) to surge past $122,000.

As spot demand and leverage bets increase, Bitcoin approaches its all-time high.

On Friday, Bitcoin surged just above $122,000, supported by traders’ increasing leverage and spot demand. According to CoinGlass statistics, as Bitcoin got closer to its all-time high of $124,128 in the last day, the increase led to $153 million in short liquidations.

Bitcoin approaches a record high amid growing spot demand and leveraged trading

The Bitcoin Coinbase Premium GAP increased $113 more than on other exchanges, indicating that US investors are mostly to blame for the current price increase.Crypto analyst Maartun stated in a Friday X post that this suggests US investors are paying more for Bitcoin on Coinbase than on other exchanges.

The present momentum of Bitcoin has also been fueled by institutional demand, as evidenced by the inflows that US spot Bitcoin exchange-traded funds (ETFs) have seen this week.Since Monday, the products have witnessed net inflows of $2.2 billion, indicating a change in market mood from last week’s outflows.

Following the US September jobs report’s postponement due to the government shutdown, investor sentiment has increased.

Prices for cryptocurrency assets have soared as a result of the delay.

Additionally, traders’ appetite for leveraged risk has grown, as seen by the fact that Bitcoin’s open interest reached an all-time high of $89 billion, according to CoinGlass statistics.

According to Glassnode’s X post on Friday, the open interest in Bitcoin was reset after last week’s options expiry, “clearing the board” of hedging activity and preparing the market for Q4.

Open interest has recovered, which now represents more strategic positioning on market volatility and direction.

Even with its recent surge, Bitcoin is still trailing gold and silver in terms of year-to-date performance, Maartun continued.In contrast to gold and silver, which have increased 46.7% and 61.8%, respectively, Bitcoin has increased 25.6% so far this year.

BTC-3,35%

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