The bitcoin price has now entered the euphoria phase of this bull cycle, and while no model can time the exact top, the best on-chain frameworks point to much higher bitcoin price targets than most expect.

Bitcoin Price Cycle Master

One of the most historically reliable tools is the Bitcoin Cycle Master chart, which lays out undervalued, fair value, and overvalued zones based on on-chain fundamentals. In past cycles, the bitcoin price often rallied past the aggressively valued line and kissed or exceeded the overvalued boundary at the peak. Today that overvalued band sits near $260,000, while the maybe more realistic upper bitcoin price target is closer to $162,000.

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Bitcoin price has maintained its position above $122,000 on Thursday, bolstered by BlackRock’s IBIT spot Bitcoin ETF reaching a significant milestone of over 800,000 BTC in assets under management (AUM). The world’s largest cryptocurrency has shown resilience following its new all-time high of $126,199 earlier this week, supported by strong institutional inflows and dovish signals from the Federal Reserve.

BlackRock’s IBIT, which launched in January 2024, has accumulated approximately 802,257 BTC, valued at nearly $100 billion, representing about 3.8% of Bitcoin’s total supply. This rapid increase has been fueled by substantial net inflows, with the ETF receiving 3,510 BTC…

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Crypto exchange giant Gemini, founded by Cameron and Tyler Winklevoss, has officially expanded into Australia after securing registration with AUSTRAC, the nation’s anti-money laundering regulator. The company’s local arm, Gemini Intergalactic Australia Pty Ltd, is now authorized to operate as a digital currency exchange, paving the way for Australians to trade cryptocurrencies using AUD.

The move marks a major milestone in Gemini’s Asia-Pacific growth strategy. Australia’s crypto adoption has surged to 22%, matching the United States, according to Gemini’s Global State of Crypto Report 2025. With over $126 million in daily trading volume, Gemini ranks among the world’s top 20 exchanges.

To strengthen its local presence, Gemini has appointed James Logan as Head of Australia. Logan, formerly with Luno and Bitget, will lead efforts to build a safe, transparent, and compliant ecosystem for retail and institutional investors across the region.

Institutional appetite for Bitcoin has surged to new and unprecedented levels this year. 

As of October 8, global bitcoin exchange-traded products (ETPs) and publicly traded companies have collectively acquired 944,330 BTC — already surpassing the total amount purchased in all of 2024. 

To put this in perspective, these institutions have bought roughly 7.4 times the new supply of bitcoins mined this year. 

With three months remaining in 2025, it’s safe to assume that rate will only go up. 

Bitcoin institution statistics from September

According to a monthly report shared by Bitcoin Treasuries with Bitcoin Magazine, public and private treasuries added a…

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Square has unveiled Square Bitcoin, a groundbreaking solution that allows local businesses to accept and manage bitcoin directly within the Square ecosystem. The platform combines Bitcoin Payments, Bitcoin Conversions, and a built-in Bitcoin Wallet, giving sellers zero-fee bitcoin transactions for the first year and seamless integration with their existing Square tools.

As cryptocurrency adoption grows rapidly—projected to rise 82% in the U.S. by 2026—Square is simplifying bitcoin use for Main Street businesses. With Bitcoin Conversions, sellers can automatically convert up to half of daily card sales into bitcoin, diversifying savings while managing everyday operations from one dashboard.

Square Bitcoin expands on the company’s mission to empower small businesses with advanced financial tools. By merging Block’s bitcoin expertise with Square’s commerce technology, the launch makes bitcoin as easy to use as cash or cards, helping sellers cut costs, control finances, and participate in the digital economy.

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The U.K.’s Financial Conduct Authority (FCA) has officially lifted its four-year ban on retail access to bitcoin and crypto exchange-traded notes (cETNs).

Starting today, firms can offer retail investors exposure to bitcoin and other cryptoassets through ETNs traded on FCA-approved investment exchanges such as the London Stock Exchange or Cboe UK. 

The change came into effect today after months of consultation and signals a more open — though still cautious — regulatory stance toward crypto.

“Since we restricted retail access to cETNs, the market has evolved, and products have become more mainstream and better understood,” said David Geale, executive director of…

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Polymarket, the crypto-native prediction market, has added support for bitcoin deposits, giving users a direct way to fund their accounts with BTC alongside other existing crypto options.

The move coincides with bitcoin’s recent rally to all-time highs above $126,000, currently trading around $124,300, and reflects growing demand for crypto-native funding options on prediction platforms.

Polymarket has taken the world by storm over the past two years, emerging as the largest prediction market where users trade shares tied to the outcomes of real-world events — essentially betting on what the future holds.

On Polymarket, traders are bullish about the bitcoin price….

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