CryptMarket Analysis — 4-10-3
Market sentiment remains highly bullish in the early hours of October 4, driven by strong inflows into Bitcoin-linked ETFs such as BlackRock's IBIT, which reported its largest new intake since August. Bitcoin continues to surge above $119,000, with open interest in futures at an all-time high, and traders eyeing further gains amid hopes of macroeconomic tailwinds, notably Fed rate cuts and ongoing government shutdown uncertainty driving safe-haven demand. Regulatory progress is evident with new ETF approvals and institutional adoption, as highlighted by Thailand expanding its crypto ETF offerings and ongoing U.S. Senate scrutiny over crypto taxation. Overall, short-term momentum favors large caps and select altcoins, with strong liquidity and institutional interest underpinning the rally.