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.
As perps dominate crypto trading, exchanges are stitching together opaque insurance funds, credit extensions and ADL exemptions — a network of hidden leverage that leaves the ecosystem vulnerable to a cascading, cross-platform failure.
