Bitcoin ETF Volume Hits $7.5B as Institutions Pile In
TL;DR
Bitcoin ETF daily trading volume surpassed $7.5 billion on October 7, 2025
BlackRock’s IBIT approaches $100 billion in assets under management in record time
Bitcoin trades near $121,000 after pullback from $126,279 all-time high
Technical indicators show 13 of 15 moving averages signaling bullish momentum
US-listed spot Bitcoin ETFs recorded daily trading volume exceeding $7.5 billion on October 7, 2025, demonstrating heightened institutional participation in regulated cryptocurrency investment products.
Major asset managers have driven cumulative inflows to unprecedented levels throughout early October 2025. BlackRock’s IBIT fund now stands as the firm’s most profitable exchange-traded fund. It has generated an estimated $244.5 million in annual revenue with assets under management approaching $100 billion.
The fund reached this threshold in just 435 days, while the next-fastest ETF to achieve the same milestone required 2,011 days.
Bitcoin currently trades around $121,000 on October 8, 2025, following a 3% pullback from its record high of $126,279 reached on October 6.
The cryptocurrency gained over $10,000 between late September and early October before entering a consolidation phase. Prediction markets indicate a 38% probability for Bitcoin to trade in the $120,000-$122,000 range on October 8, with 36% expecting $122,000-$124,000.
Technical Signals Point to Continued Strength
Technical analysis reveals strong buying momentum, with 13 of 15 moving averages indicating bullish conditions. All key exponential and simple moving averages from the 10-day to 200-day periods remain below the current price, confirming the uptrend structure.
BTC/USD daily chart. TradingView
The Relative Strength Index stands at 60, suggesting Bitcoin is neither overbought nor oversold, while the Stochastic indicator at 82 indicates potential short-term overbought conditions.
Bitcoin faces immediate resistance at $123,240, which coincides with former strong resistance from July and August. The next major resistance zone sits at $125,000-$126,000, where significant sell order clusters have accumulated according to order book heatmap data.
Key support levels include $121,000, representing current immediate support. These are the 24-hour low, along with $118,000-$119,500, a previous consolidation zone with buy order clusters.
Profit-Taking Emerges After Record Highs
Bitcoin’s open interest declined from $47 billion to $46.1 billion in the latest trading session, indicating steady closing of long positions as the price retreated. The correlation between declining open interest and price drops suggests ongoing profit-taking activity following the cryptocurrency’s new all-time highs.
Many investors who held positions for months or years have begun realizing gains at these elevated price levels.
Despite recent pullbacks, the Crypto Fear & Greed Index stands at 62 points, firmly in the “greed” zone with a stable upward slope. Market sentiment remains optimistic amid political uncertainty, with cryptocurrencies potentially serving as a temporary safe-haven asset during the ongoing U.S. government shutdown, now in its seventh day.
The broader weekly trend shows Bitcoin ETFs attracted approximately $3.2 billion in net new capital during the week ending October 4, 2025, marking the second-highest weekly inflow on record.
The post Bitcoin ETF Volume Hits $7.5B as Institutions Pile In appeared first on Blockonomi.
Filed under: Bitcoin - @ October 8, 2025 12:17 am