Bitcoin News Today: Corporate Treasuries Fuel Bitcoin's $116k Surge as Strategic Reserves Expand

Bitcoin surged to an all-time high of $116,000 on October 10, 2025, driven by a confluence of macroeconomic factors, on-chain momentum, and institutional buying. The 5% 24-hour gain marked a continuation of a year-over-year rally that has more than doubled Bitcoin's value. Key drivers included global rate-cut expectations, a weakening U.S. dollar, and a crypto-friendly stance from the Trump administration. Trump's Truth Social post, which linked the rally to his tariff policies and urged the Federal Reserve to cut interest rates, amplified market optimism TheStreet.com^[1].

The surge was fueled by aggressive short liquidations, with over $416 million in bearish positions erased in a single day, triggering a self-reinforcing upward spiral TheStreet.com^[1]. On-chain data revealed Bitcoin entering a "negative dealer gamma zone" between $112,000 and $120,000, where market makers must continue buying as prices rise, potentially heightening volatility TheStreet.com^[1]. Risk assets broadly participated, with Ethereum crossing $2,900 and XRP surging nearly 5%. Crypto-exposed equities like Coinbase and Robinhood also rallied TheStreet.com^[1].

Institutional demand remained a critical undercurrent. Strategy Inc., the largest corporate Bitcoin holder, added 220 BTC for $27.2 million, averaging $123,561 per coin, boosting its total holdings to 640,250 BTC . Marathon Digital Holdings further expanded its treasury by purchasing 400 BTC for $46.3 million, while BitMine Immersion Technologies acquired 202,037 ETH ($838 million) to bolster its Ethereum position . These moves underscored a broader trend of corporate treasuries treating Bitcoin and Ethereum as strategic reserves, with ETF inflows reaching $3.17 billion in the week following the October 10 crash .

Market dynamics, however, remained volatile. A 100% tariff announcement on Chinese goods by President Trump initially triggered a $500 billion crypto crash, sending Bitcoin to $108,000 and wiping out 10% of its value. Easing trade tensions and diplomatic gestures from China's Ministry of Commerce spurred a rebound, with Bitcoin stabilizing above $114,000 by October 13 . Analysts noted a "bullish golden cross" pattern, historically preceding major rallies, as short-term moving averages crossed above long-term ones .

Predictive models offered divergent views. Coindesk cited historical demand trends and bull market indicators, forecasting a potential $200,000 target by year-end if Bitcoin sustained above $116,000 Coindesk^[2]. BitMEX Research previously projected $116,000 by July 2025 Blockchain.News^[3], while Blockchain.News analysts highlighted a $125,000 target by October, contingent on breaking through $124,474 resistance Blockchain.News^[4]. Conversely, Phemex cautioned that the surge might be speculative, with a healthy correction range between $60,000 and $70,000 Phemex^[5].

Derivatives markets reflected mixed sentiment. Ethereum's resilience, stabilizing above $4,100, contrasted with altcoins like Solana and Dogecoin, which fell 84% and 66% intraday during the crash. Ether's robust derivatives liquidity and $23.5 billion in spot ETFs reinforced its appeal to institutional investors . Bitcoin's on-chain valuation, however, remained in a "bull" phase, with its price exceeding realized investor cost bases Coindesk^[2].

The rally's sustainability hinged on macroeconomic clarity. While Trump's tariff threats initially spooked markets, easing trade tensions and potential Fed rate cuts could reinvigorate momentum. Institutional buyers, meanwhile, continued to capitalize on volatility, viewing dips as accumulation opportunities. As the year progressed, the interplay between corporate adoption, ETF inflows, and regulatory developments would likely shape Bitcoin's trajectory toward its ambitious price targets.