Key Takeaways
Why is this important news?
Square’s Bitcoin payments launch marks a major step in Jack Dorsey’s years-long push to make the cryptocurrency mainstream.
How are Bitcoin’s investors taking the news?
Data revealed growing accumulation among investors, with positive ETF inflows too.
Square is in the news today after it unveiled its first fully integrated Bitcoin [BTC] payments and wallet system. It will allow small businesses to accept BTC directly at checkout. This move marks a significant milestone in Jack Dorsey’s long-term vision for Bitcoin.
The new Square Bitcoin suite, announced on 8 October, allows merchants to accept Bitcoin payments with zero processing fees for a year. It will automatically convert sales into BTC and hold or withdraw BTC within Square’s dashboard.
It builds on Block’s broader commitment to Bitcoin — One that began years ago with Cash App’s BTC integration and Dorsey’s consistent push to make Bitcoin the “native currency of the Internet.”
By integrating Bitcoin payments with everyday business tools, Square is trying to transform BTC into usable business capital. Rather than just a speculative store of value.
ETF inflows highlight institutional confidence
The timing of this update is worth noting here. Especially since it comes on the back of Bitcoin Spot ETFs recording seven straight days of inflows – Over $5.3 billion in the last 7 days.
Its latest surge has pushed the total BTC ETF assets under management to $164.9 billion – A sign of sustained institutional appetite.
Source: Sosovalue
Together, Square’s real-world integration and rising ETF inflows demonstrate Bitcoin’s growing maturity, from a retail asset to an asset worthy of institutional and commercial infrastructure.
Mid-tier investors quietly accumulate
Finally, on-chain data from Glassnode revealed that addresses holding between 100 and 1,000 BTC (Shark wallets) climbed to an all-time high recently.
They are now holding over 5.1 million BTC. This mid-tier cohort, which often includes smaller institutions and crypto funds, has been steadily accumulating since the middle of Q2 in 2025.
Source: Glassnode
Historically, such accumulation phases have preceded major price expansions – A pattern last seen before Bitcoin’s 2020–2021 rally.
Short-term cooling amid bullish backdrop
Despite the aforementioned optimism, Bitcoin’s price has corrected by over 2% in the last 24 hours on the back of some profit-taking. Derivatives markets are also seeing a hike in Open Interest and funding rates, hinting at potential short-term overheating.
And yet, RSI levels around 60 seemed to allude to healthy consolidation. This might keep the broader uptrend intact as adoption deepens across both institutional and retail layers.
