Bitcoin News Today: Institutional Bitcoin Shifts Fuel ATH Push Amid Ethereum ETF Exodus

Generated by AI AgentCoin WorldReviewed byTianhao Xu
Tuesday, Oct 28, 2025 12:37 am ET1min read
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- Bitcoin nears $126,000 peak amid ETF inflows, institutional moves, and Fed policy anticipation, trading at $111,382 as of October 25, 2025.

- SpaceX transfers $133M in BTC to new wallets, while Tesla holds 11,509 BTC ($1.27B), highlighting Musk's ongoing crypto influence.

- Bitcoin ETFs gain $90.6M in inflows vs. Ethereum ETFs' $93.6M outflows, reflecting diverging institutional support and market sentiment.

- NFT sales collapse 42% to $93.18M, with Ethereum NFTs down 65%, while BRC-20 tokens rise 38%, exposing market fragmentation.

- Fed rate cut speculation drives BTC/ETH volatility, with a $54.8M whale bet on leveraged long positions ahead of October 29–30 meeting.

Bitcoin Nears All-Time High Amid Institutional Moves and Market Volatility

Bitcoin (BTC) approached its record $126,080 peak in late October, trading at $111,382 as of October 25, 2025, despite a 12% pullback from its high. The cryptocurrency's resilience has been fueled by a mix of institutional activity, ETF inflows, and speculative trading ahead of the Federal Reserve's upcoming policy decision. Meanwhile, the broader crypto market remains in a fragile recovery phase, with diverging trends between

Bitcoin
and
Ethereum
ETFs highlighting shifting investor sentiment, according to
Arkham data
.

Elon Musk's SpaceX moved $133 million in Bitcoin across wallets in recent days, transferring 300 BTC ($33 million) and 915 BTC ($100.7 million) to new addresses, per

Arkham
data. This follows earlier revelations that SpaceX held around 25,724 BTC in 2021, though the firm reportedly wrote down $373 million in Bitcoin holdings in 2021–2022 and may have liquidated most of its stash. Tesla, another Musk-led entity, retains 11,509 BTC ($1.27 billion), underscoring the billionaire's continued influence on crypto markets.

Bitcoin ETFs attracted $90.6 million in inflows on October 23, with Fidelity's FBTC and BlackRock's IBIT gaining $57.92 million and $32.68 million, respectively. Conversely, Ethereum ETFs recorded $93.6 million in outflows, led by BlackRock's ETHA shedding $100.99 million. The disparity reflects Bitcoin's stronger institutional backing, with its ETFs representing 6.78% of the asset's $2.22 trillion market cap compared to Ethereum's 5.55%, according to

CoinPedia
.

The NFT sector, however, faces a sharp downturn. Sales volume plunged 42% to $93.18 million, with Pudgy Penguins' sales collapsing 76% to $3.8 million. Despite improved participation—buyers surged 33% to 509,668—Ethereum's NFT sales dropped 65% to $35.04 million, while Bitcoin's BRC-20 NFTs rose 38% to $3.21 million, according to

Crypto.news
.

Crypto venture capital funding also shows mixed signals. Coinbase acquired Echo for $375 million, while projects like Limitless and Nubila Network raised $9 million and $8 million in seed rounds. However, smaller tokens like

SHIB
struggle, with Shibarium's TVL falling below $1 million, exposing structural flaws in its deflationary model, a trend reported by Crypto.news.

Market volatility has intensified as traders anticipate the Fed's October 29–30 meeting. A mysterious whale deposited 3.72 million

USDC
on Hyperliquid, opening $54.8 million in leveraged long positions on Bitcoin and Ethereum. Analysts suggest a 25-basis-point rate cut could boost liquidity, with BTC rising 1.78% to $115,349.65 and ETH up 3.48% to $4,193.65 in the 24 hours preceding the meeting, according to
Yahoo Finance
.

Despite these developments, stablecoin dominance remains elevated at 8.31%, signaling continued risk-off sentiment.

Solana
(SOL), however, shows optimism, trading at $201.35 after a 1.44% gain, with speculation mounting over a potential spot ETF approval.