This indicates strong investor interest and confidence in Bitcoin, especially through regulated financial products like spot ETFs, which offer easier and safer access to Bitcoin investments for a broader range of investors.
If you’d like, I can provide more detailed analysis on the factors driving this price surge, implications for the market, or current trends in crypto ETFs. Would you like me to do that ?
Bitcoin jumped to $120,000 this week, briefly hitting $121,000 and moving close to its all-time high of $124,457 from August.
As CoinMarketCap data shows, the price is up almost 10% in the past week, supported by strong demand from spot Bitcoin exchange-traded funds (ETFs), which brought in $627 million over four straight days.
According to SoSoValue data, Ethereum ETFs also gained momentum, with $307 million in inflows during the same period.Wall Street Forecasts
Big banks remain divided on where Bitcoin is headed. Citigroup expects the token could reach $181,000 in the next 12 months, but sees $133,000 as a more realistic year-end target.Citi noted that inflows into ETFs could hit $7.5 billion by year-end, while strong equity markets could push prices even higher. On the other hand, it also warned that Bitcoin could slip to $83,000 if the global economy weakens.Moreover, Citi lifted its year-end forecast for Ethereum to $4,500. The bank sees the token’s yield from staking as a key factor attracting more institutional investors in the near future.
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Retail Demand and the “Debasement Trade”
JPMorgan analysts say retail investors are turning to Bitcoin and gold as part of what they call the “debasement trade.”
Concerns over inflation, high government deficits, and weakening confidence in fiat currencies have led to growing demand for alternative assets. Bitcoin is now up nearly 95% in the past year, gold more than 40%, and silver about 60%.Investors are spreading their bets across Bitcoin, gold, and silver as they look for protection against economic uncertainty.Options Market Signals
Data from Glassnode shows traders focusing on the $100,000–$120,000 range for Bitcoin. Some bets are also being placed at $130,000 and even further out at $300,000, though these are more speculative.
The balance between calls and puts suggests traders are hedging both upside and downside risks, showing that $120,000 is a key level for the market.
The fourth quarter is generally bullish for BTC and the broader crypto market is also rallying, with top analysts sharing their take on the next crypto to explode in 2025.
Read original story Bitcoin News: BTC Price Hits $120K with Spot ETFs Crossing $600M in Inflows by Parth Dubey at Coinspeaker.com Terms
