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🔥🚀 Bitcoin Nears ATH as Shutdown Fizzles

Hello there you embodiment of curiosity;

Welcome to today's edition of Osiris News. The market is pulling upward with a clean, quiet force, unbothered by the noise of old habits. Bitcoin is breathing the thin air just below its all-time high, a climber in rhythm who does not plan to stop.

Conviction is thick in the air. This is bigger than a number on a screen; it is a narrative big money can act on. While Washington closes its doors in a shutdown, a global, decentralized system is having one of its best weeks. The dysfunction of the old world is turning into the single strongest catalyst for the new one.

🔍 Quick Overview

• Bitcoin’s Ascent: Bitcoin cleared $122K. Analysts now target $135K to $200K. Momentum says the run is not done.

• Wall Street’s Warm-Up: CME moves to 24/7. The SEC explores blockchain-native stocks. Crypto now has a real seat at the table.

• AI’s Power Play: CoreWeave signed a $14.2 billion deal with Meta. In AI, builders of compute highways capture the value.

• DEX Dominance: Centralized exchanges are set to become frontends for DEXs. Trading looks more like a global bazaar than a single shop.

• Regulatory Riddles: New York weighs miner taxes. India tightens rules on exchanges. Some nations quietly evaluate Bitcoin for reserves.

Trending News

💰📈 Bitcoin Surges Past $121K Amid US Shutdown and Gold Rally

Bitcoin touched $121,000 and Ethereum held above $4,500, showing resilience despite the US government shutdown. JPMorgan analysts suggest Bitcoin is undervalued, potentially reaching $165,000 by year-end. Investors are seeking safe havens against government deficits and inflation, driving capital into digital assets.

🌍🥇 Bitcoin and Gold Surge as Investors Seek Debasement Hedges

Bitcoin is trading near its all-time high above $120,000, while gold sets new records approaching $3,900 an ounce. Both assets saw high trading volumes, reflecting a growing interest in "hard assets." This trend signals a deeper shift in how people view and store value, driven by economic uncertainty and inflation concerns.

📊🚀 BlackRock's IBIT Options Open Interest Exceeds $38 Billion

BlackRock's IBIT Bitcoin ETF saw over $1 B in net inflows this week, contributing to nearly $60 B in cumulative inflows for US Bitcoin ETFs. IBIT's options open interest now represents about 45% of the global Bitcoin options market. The surge in IBIT's options and AUM highlights robust institutional demand and growing sophistication in crypto investment vehicles.

🏦📜 Chile Pension Reform Explores Tokenization and Crypto Integration

Chile is reforming its pension system, introducing generational funds and employer contributions while exploring tokenization of bonds and shares. The reform suggests a cautious dual path for crypto exposure via regulated ETFs or ETNs. This national policy could set a precedent for other countries, integrating digital assets into traditional retirement savings.

This tiny pause brought to you by “please let this help pay the bills” 👀

Beyond the Noise

The move was methodical, not manic. Bitcoin pressed through $122,000 on steady, patient bids, up more than 9% this week and sitting within sight of the August peak at $124,000. This isn’t retail froth or meme-fueled squeeze; it’s balance-sheet money repositioning for a world of softer currency. JPMorgan’s note said the quiet part out loud: Bitcoin is “significantly undervalued relative to gold,” with implied upside toward $165,000. When the sell-side math lines up with on-chain signals, you pay attention.

Macro is the tailwind. The U.S. government shutdown has flipped from headline risk to hard-asset fuel. Standard Chartered’s Geoff Kendrick: “The shutdown matters this time around… Bitcoin has traded with U.S. government risks.” With official data delayed and late-October rate-cut odds near 97%, markets are front-running liquidity. Across the Atlantic, whispers about France’s central bank deficit stoke talk of fresh ECB balance-sheet expansion, potentially trillions of euros seeking sturdier moorings.

Flows confirm the thesis. Spot BTC ETFs took in $2.4B over four consecutive sessions, the kind of persistent demand you expect from mandates, not momentum tourists. On-chain, Glassnode’s Accumulation Trend Score climbed to 0.62, its first sustained read above 0.5 since summer, flagging steady additions from larger hands. Meanwhile, on-ramps are widening in plain sight: Spain’s BBVA switched on 24/7 Bitcoin trading in its retail app, two words that would’ve sounded science-fiction a cycle ago.

And institutions are not just buying coins; they’re rebuilding the rails. Avalanche announced a $1B ecosystem fund via a $675M SPAC to list AVAT on Nasdaq, a regulated vehicle aimed at seeding real on-chain finance. CME Group will take crypto futures and options 24/7 by early 2026, adopting crypto’s clock because money shouldn’t sleep. Tokenized real-world assets hover near $32B, and the SEC is reportedly sketching pathways for stocks to live and settle on-chain. This isn’t pilots and sandboxes anymore; it’s plumbing.

In parallel, the AI supercycle is a gravity well of its own. CoreWeave, backed by Nvidia, landed a $14.2B deal to supply Meta with compute; CRWV popped 27% on impact. OpenAI marked a $500B secondary valuation. That insatiable demand for computation is exactly why DePIN (decentralized physical infrastructure networks) keeps pulling capital from both sides, crypto primitives meeting AI’s appetite for scale.

On-chain market structure is evolving just as quickly. There’s a growing consensus that centralized exchanges will trend toward becoming sleek frontends over deep, aggregated decentralized liquidity. 1inch’s Sergej Kunz calls it a slow transition from islands to oceans. Coinbase is already bridging DEX order flow. And in the hottest arena, decentralized perpetuals, platforms like Aster and Hyperliquid are iterating on speed, margin efficiency, and UX at a clip that makes the line between DeFi and TradFi blur by the week.

Layer these currents, macro liquidity, institutional adoption, AI demand, and protocol-level evolution, and you get a powerful, unified thrust. The bears are quiet because the story is no longer single-threaded.

Weekend watch: Bitcoin is within striking distance of its all-time high. A clean break wouldn’t just be another print; it would be a psychological unlock for the entire risk complex.

This Caught My Eye:

Here’s a breakdown:

• Polymarket traders see a 71% chance Bitcoin hits $126K in October, with $124K and $122K targets priced even higher.

• The betting trend highlights strong bullish sentiment heading into Uptober, aligning with Bitcoin’s historic Q4 strength.

Looking Ahead

Legacy chaos has stopped being a headwind; it’s the engine. Fiat debasement is no longer theory, it’s practice, and institutions are reallocating accordingly. Bitcoin is increasingly the default alternative: liquid, portable, and credibly scarce. This isn’t manic speculation; it’s a deliberate re-drafting of asset allocation playbooks.

The shift from fringe to fabric is accelerating. Major banks are rolling out crypto services. Legacy venues are adopting a 24/7 market structure. Regulators are drawing the contours of a world where traditional securities settle on blockchains. And in policy circles from the United States to Sweden, Bitcoin is openly discussed as a reserve asset. The remaining question isn’t whether this system endures, it’s how quickly it reshapes the scaffolding around it.

Until Monday,
- Dr.P