According to @WatcherGuru, Bitcoin reached a new all-time high of $124,200, signaling a fresh breakout to record territory; source: @WatcherGuru on X, Oct 5, 2025. This exceeds the prior peak near $73,800 from March 2024 and places BTC in full price discovery where historical reference levels are limited; source: TradingView BTCUSD historical data, March 2024. Historically, ATH breaks coincide with higher volatility and liquidity sweeps around round numbers, putting focus on the $125,000 magnet and potential retests toward $120,000 for intraday risk control; source: Kaiko Research on crypto market microstructure (2021–2024) and independent analysis. Traders should monitor funding rates, spot–futures basis, and open interest to assess leverage buildup that can drive liquidation cascades during price discovery; source: CoinGlass derivatives analytics documentation and independent analysis.