Uptober Kicks Off With $1.8B Futures Buy Volume on Binance — $130K BTC Breakout Ahead?

Bitcoin (BTC) is eyeing a breakout toward $130K as the start of “Uptober” has seen buyers on Binance outpace sellers by about $1.8 billion in futures ￰1￱ to analysis shared on X by CryptoQuant contributor Pelinay P. A., taker buy volume on Binance has dominated sell volume throughout the ￰2￱ Funding Rates on Binance Indicate a Potential Rally “Overall, the setup remains bullish, negative funding suggests accumulation opportunities while strong spot demand underpins the rally’s sustainability.” – By @PelinayPA Link ￰0￱ ￰3￱ — ￰4￱ (@cryptoquant_com) October 2, 2025 “It’s a clear sign that traders are betting long, and they’re doing it hard.” The move comes as Bitcoin trades between $110,000 and $120,000, driven more by spot demand and long-term holders than by excessive ￰5￱ Futures Funding Rates Stay Negative As Accumulation Signals a $130K BTC Breakout Funding rates on Binance are either neutral or slightly negative, which is unusual.

Usually, when prices rise, funding rates go positive as longs pile ￰6￱ right now, the market looks more like a quiet accumulation than a speculative ￰7￱ that’s exactly the kind of environment that can lead to sharp upward moves when buying pressure finally breaks through ￰8￱ setup sets the stage for potential upward squeezes, with BTC set to test $120,000–$125,000 and possibly extend to the $130K ￰9￱ a few days ago, traders were watching a “gap” in CME Bitcoin futures that pointed to a possible dip back to $110K. These gaps usually get filled fast; the hit rate this year was 100%, but this time, sellers couldn’t push hard ￰10￱ gap stayed open, and Bitcoin kept its bullish ￰11￱ conditions also align with the STH-MVRV pricing corridor , which tracks the profitability of short-term ￰12￱ upper boundary of this range sits near $130K, a level where profit-taking historically intensifies.) October 3, 2025 In parallel, IBIT options tied to BlackRock’s spot ETF are experiencing rapid ￰13￱ analyst Eric Balchunas added that IBIT options now outpace futures in open interest, underscoring Wall Street’s growing role in Bitcoin price ￰14￱ Analysis: RSI on the 4-Hour Chart Targets $130K BTC Breakout Technical indicators further back the bullish case.

Bitcoin’s RSI sits at 69 , comfortably below overbought levels, while Coinglass data shows none of the 30 peak-cycle signals have been ￰15￱ market also bounced firmly from the 21-week EMA , a key support, gaining more than 10% and closing in on the $124K range.