Bitcoin Aims For All-Time Highs

DAILY MARKET OVERVIEW

Approaching New Highs!

👋 Hey, Crypto Enthusiasts! It’s a choppy day in the markets, and uncertainty is the name of the game.

🚀 BTC has managed to break above $120k and is holding strong for now, helped by ETFs, which are becoming massive with over half a billion dollars per day of inflows for the past two days.

• Buy demand on Coinbase is also increasing, with premiums rising - a strong signal that a new BTC all-time high may be close.

🟢 Even more bullish is that the total stablecoin market capitalization has surpassed $300B for the first time. Tether’s USDT leads with a 58.5% market share and a cap of $176B. This means liquidity is entering the crypto space, which is a great sign for driving the prices up.

The ongoing U.S government shutdown has removed key economic data releases, which markets see as supportive for BTC. Since it began, Bitcoin has been ripping higher.

So, where do we go from here ❓️ 

• If demand continues, BTC could push straight toward a new all-time high near $125k.

• A dip to $118k is also possible to shake out late longs before the next leg up.

🐂 Either way, the market is showing clear strength.

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SOCIAL SENTIMENT

Altcoin We’re Watching

Most alts are still lagging in comparison to BTC, but a few are standing out:

• BNB: Momentum is strong after CZ’s return and speculation about a Binance IPO. The token also benefits from Binance’s buyback program tied to revenue.

• CAKE: PancakeSwap, the largest DEX on BNB Chain, is gaining interest as a “beta play” on BNB. After a long consolidation, traders are eyeing a breakout toward $5–8.

• Aptos (APT): After a quiet year, APT has shown strong technical recovery in recent days, outperforming much of the market.

These tokens are showing relative strength while others wait. If BTC consolidates near the highs, altcoin momentum could broaden quickly.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

BNB Hits All-Time High as Network Upgrades and Short Squeeze Fuel Rally
BNB jumped past $1,100 after fee cuts, a wave of liquidations, and growing talk of a U.S. spot ETF.

MARA Adds 373 BTC as Total Holdings Pass $6 Billion
MARA mined 736 BTC in September, lifting its treasury to 52,850 BTC, the second-largest public stack after Strategy.

Stablecoin Market Cap Surpasses $300 Billion for the First Time
Tether leads with $176 billion as the sector hits a new record, driven by fresh inflows and clearer U.S. rules.

Australian Solana Treasury Fitell Buys 216 Million PUMP Tokens
Fitell spent $1.5 million on Pump.fun’s token as part of its Solana-focused treasury plans and upcoming rebrand.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – The Labor Market and Bitcoin (03.10.2025 Summary)

With the US government shutdown halting fresh labor data, Benjamin Cowen looks at alternative signals and ties them to Bitcoin’s market cycle outlook.

Key Points from Benjamin Cowen

• Labor market signals

  • Official unemployment data wasn’t released due to the shutdown, but the Chicago Fed estimates unemployment at 4.34%, slightly above last month’s 4.32%.

  • Job openings remain steady around 7.2M, while the quits rate fell to cycle lows (1.9%) - showing people are less confident about finding new jobs.

  • Layoffs remain low, which supports risk assets in the short term.

• Weak spots emerging

  • ADP payroll data turned negative for the second straight month, suggesting hiring is slowing.

  • Construction employment growth is flattening and could soon trend negative if momentum doesn’t recover.

• Why markets are still climbing

  • Cowen explains that markets usually ignore scattered weak data unless unemployment rises across the whole country - only then do recessions trigger stronger corrections.

  • For now, labor softness isn’t severe enough to derail risk-on sentiment.

• Bitcoin cycle comparisons

  • The current pattern mirrors past post-election years:

    • 2013, 2017, and 2021 all saw an August local top, September dip, then a strong Q4 rally into the cycle top.

    • 2013’s rally even started during a government shutdown, similar to today.

  • Cowen notes the 50-week moving average is now at $100K. A weekly close below that would signal the cycle is over, but for now BTC is above key support.

Final Takeaway

Cowen’s outlook: despite a cooling labor market, conditions aren’t weak enough yet to break the bullish structure. History suggests Bitcoin could be setting up for another strong Q4 rally, similar to 2013, 2017, and 2021.

Lark Davis – Crypto & Bitcoin Pump! [Now What?] (03.10.2025 Summary)

Bitcoin is pumping again, and Lark Davis is fired up. With talk of new stimulus checks and meme coins making headlines, he dives into what’s driving the momentum, what the charts say, and where things could go next.

Key Points from Lark Davis

• Bitcoin just bounced from what Lark calls a “flush bottom” around $108K - and it’s moving fast despite the government shutdown.

• He jokes that if Trump sends out $2,000 stimulus checks, retail will flood back into the market and start chasing dog coins again.

• Lark sees potential for a bull flag forming near the $120K resistance zone, and says a breakout above $125K could send BTC toward new highs.

• Ethereum is testing a long-term downtrend line, with momentum indicators like MACD and RSI turning bullish. He expects a breakout to lead ETH back toward $5,000.

• XRP is breaking out of a descending wedge - a pattern that could push it toward $4 if confirmed with strong volume.

• Altcoins like Cake, Astar, and Solana are showing strong setups, with Lark highlighting Cake’s coiling triangle and a possible move to $6 if momentum holds.

• He notes that many alts are still well below prior highs, and says people have “forgotten how to dream” during this cycle - but some charts are beginning to wake up.

• Lark also gives a quick market tip: don’t ape into resistance - wait for breakouts instead of guessing.

Final takeaway
Lark remains bullish heading into Q4, especially if we get a risk-on environment with more stimulus hype and fewer macro headwinds. He’s watching for Bitcoin to hold above key moving averages and says if history repeats, we may be looking at the start of another big run.

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