Bitcoin Pops Over $124K, Nearing Historic Peak After $3.2B in Spot BTC Inflows

Binance has announced the addition of KGen (KGEN) to multiple services, including spot trading and futures contracts, officially launching on 2025-10-07 at 22:00 (UTC+8). Notes: - The KGENUSDT perpetual contract supports up to 50x leverage, with funding rates settled every four hours. Please be mindful of the risks. - Alpha assets have significant price volatility and cannot be withdrawn. Investments may result in partial or total loss of funds. - Binance may dynamically adjust contract specifications based on market risks, including leverage multiples and margin requirements.

The current price of BTC is $125338.30, with a 2.15% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 167 million US dollars, with multiple main liquidation orders and a BTC liquidation of 29.27 million US dollars (17.47%). The data is for reference only.

[Trend Research Further Reduces Holdings by 9,547 ETH] According to Ember monitoring, on October 5, Trend Research, under Yihua Yi, further reduced its holdings by 9,547 ETH (approximately $43.47 million). Since initiating the second round of reductions on October 2, a total of 70,481 ETH (approximately $310 million) has been transferred to Binance at an average price of $4,397. Currently, its on-chain address still holds approximately 82,000 ETH (approximately $373 million).

[U.S. Government Shutdown Enters Day 4: Citizens Become the Ultimate Victims Amid Partisan Struggles] According to a report by Jinse Finance, as of October 4 local time, the U.S. federal government shutdown has entered its fourth day, and American citizens are increasingly disillusioned by the various dramas caused by partisan conflicts. A recent poll conducted by *The New York Times* and reported on its website shows that Americans' confidence in the ability of the U.S. political system to solve problems is steadily declining. Only 33% of Americans believe the U.S. has the capability to resolve its political issues, while the majority now think the country is incapable of overcoming its deep internal divisions. The poll also reflects a profound skepticism among Americans toward the U.S. political system. About 41% of respondents stated that they do not agree that the U.S. is a democratic country. In interviews with reporters from the China Media Group, American citizens expressed that their lives have already begun to feel the impact of the government shutdown. The partisan struggles between the two major parties have ultimately made ordinary people the victims.

OKX-BTC/USDT is currently trading at $124932.80, with a 5-minute increase of 0.07%. Please be aware of market fluctuations.