Bitcoin Could Hit $140K as Altcoins ETH, XRP, and SOL Slide 5% in Market Pullback

Bitcoin Holds $122K as Bulls Eye $140K Despite Pullback
8/10/2025

Bitcoin traded near $122,000 in Wednesday’s Asian session after reaching a record $126,200 earlier this week. Analysts remain cautiously optimistic that BTC could climb to $140,000 by month-end.

Economist Timothy Peterson noted on X that simulations using a decade of data suggest a 50% chance Bitcoin finishes October above $140K, while there’s a 43% probability it closes below $136K.

The cryptocurrency has surged roughly 10% since October began, driven by record inflows into U.S.-listed ETFs and withdrawals from centralized exchanges. Exchange balances hit a six-year low of 2.83 million BTC, with 170,000 coins removed in the past month. U.S. spot ETFs have added more than $60 billion since January 2024, including $3.2 billion last week alone.

Macro uncertainty remains a headwind. The ongoing U.S. government shutdown has delayed key economic data, leaving the Fed’s next moves uncertain. Analysts caution that upcoming FOMC decisions and corporate earnings could either extend the rally or prompt a correction.

Profit-taking has pushed BTC down 2% over the past 24 hours, dragging altcoins lower: XRP, Solana (SOL), Ether (ETH), and Cardano (ADA) all fell 5–7%. BNB Chain’s BNB gained 1.5%, buoyed by ecosystem activity.

Key support at $125,000 will be closely watched, as ETF demand and whale withdrawals provide some cushion, but macro signals will likely dictate whether Bitcoin’s rally resumes toward $140K or experiences further consolidation.