[LIVE] Crypto News Today, October 3 – Bitcoin Price Breaks $120K As Altcoin Season Index Rises To 66: Best Crypto To Buy Now?

Crypto markets started October with renewed strength, as Bitcoin

Bitcoin
BTC

$119,803.75


0.95%

 climbed past $121,000 before retracing to around $119,800. The rally coincides with strong institutional inflows: Bitcoin ETFs recorded a net inflow of 5,643 BTC ($675M), with BlackRock contributing 3,451 BTC worth $412.87M, pushing its total holdings to 773,461 BTC ($92.5B). Ethereum ETFs also saw heavy action, adding 14,864 ETH ($65.6M) led by Fidelity, which now holds 772,054 ETH ($3.4B).

The Altcoin Season Index is rising (currently at 66), but it hasn’t yet crossed into full alt-season territory. For now, the expectation is that October will be led by a strong move in Bitcoin, after which altcoins may begin to take over the spotlight.

(Source: Coinmarketcap)

Bitcoin Price Action and Bears Call For Another Dip

BTC’s breakout above $120K was fueled by $1.6 billion in ETF inflows over just three days, led by BlackRock’s IBIT. Institutional allocation is creating a price floor, with traders eyeing a retest of August’s $124K high.

Still, not everyone is convinced the rally will hold. Bears highlight that much of the move has been perpetual futures-driven, leaving liquidity stacked below. If momentum stalls, analysts warn of a sharp retrace:

• $130K → $1.5B in liquidations
• $105K → $15B in liquidations

For now, buyers remain in control, but sub-$110K levels could act as major magnets if sentiment shifts.

$BTC at:

$130,000 = $1.5B liquidations

$105,000 = $15B liquidations

Which hits first? pic.twitter.com/3Insxe9DgE

— Ted (@TedPillows) October 2, 2025

Best Crypto To Buy: Altcoins and Meme Coin Momentum

The winner isn’t only on Bitcoin. The Altcoin Season Index at 66 suggests capital rotation into altcoins is strengthening. Avalanche gained attention after its affiliated entity AVAT revealed a $675M merger to list on Nasdaq by 2026.

But the most explosive action is in meme coins, which continue to attract retail traders looking for fast gains:

• SPX6900

  
  
  
  
  
  
  
  SPX6900
  SPX

  
  $1.25
  
  
  0.75%
  

  
  
  

  has surged 31% in two days, now at $1.25.

• USELESS

  
  
  
  
  
  
  
  Useless Coin
  USELESS

  
  $0.2279
  
  
  3.29%
  

  
  
  

   is up 57% over the past week, supported by $76M in trading volume.

• 4, a meme coin launched on BSC just two days ago, touched a $190M market cap at its peak and now sits at $141M with over $271M daily volume.

(Source: Coingecko)

These breakouts demonstrate that despite Bitcoin’s dominance, liquidity is flowing into specific narratives.

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Fatima is a rising crypto journalist with a sharp eye for hidden gems and technical analysis. When she’s not charting the next big breakout or diving into onchain data, a firm believer that alpha is where you least expect it,…
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