Key Takeaways
- Bitcoin reached a new all-time high of $125,506 before a mild pullback to begin the week at $123,600, confirming the “Uptober” trend with over 10% weekly gains.
- BTC supply on exchanges hit a six-year low, underscoring tightening supply amid rising institutional demand.
- ETH treasuries now hold 3.9% of supply, overtaking BTC treasuries at 3.5%, while SOL treasuries hold 0.07%.
- BNB Chain hit a new all-time high in daily perpetuals volume of $944 million, signaling renewed derivatives appetite.
- Morgan Stanley and U.K. regulators are opening new institutional doors for crypto exposure.
