According to the source, Bitcoin (BTC) has broken above 122,000 dollars on Oct 3, 2025. If confirmed across major spot venues, this level sits roughly 65% above the March 2024 all-time high near 73,800 dollars based on Coinbase BTC-USD historical data, which underscores the magnitude of the move for risk management. Using Coinbase price data for the 2022 cycle low near 15,476 dollars and the 2024 high near 73,800 dollars, Fibonacci extensions point to 110,000 dollars at 1.618 and 132,000 dollars at 2.0, placing the reported print in the middle of this target band. Traders should verify sustained breakout by checking rising spot volume and tightening spreads on Coinbase and Binance and increased BTC futures volume and open interest on CME Group to confirm institutional participation. For risk control, monitor perpetual funding rates on Binance and Bybit and the CME spot‑futures basis, since elevated positive funding and a widening basis often indicate crowded longs according to exchange metrics from Binance, Bybit, and CME Group. If the move fails, psychological support near 120,000 dollars and structural support around the former ATH region near 74,000 dollars derive from Coinbase historical price structure.