Bitcoin has surpassed $125,000 for the first time in history after surging 10% last week.

The latest milestone appears to follow a trend known as “Optover,” a term coined by the crypto industry (the market has always performed better in October).

Bitcoin’s price has doubled this year compared to last year, with some experts predicting further price increases by the end of 2025.

An estimated $15 billion worth of bitcoin has been withdrawn from exchanges like Binance and Coinbase in the past two weeks.