Overview

• Bitcoin hovered near $108,600 on Friday, down about 4% in 24 hours, as Ethereum fell roughly 5%–6% to around $4,300.
• Forced unwinds totaled about $535 million across crypto over 24 hours, including roughly $446 million in long liquidations, according to CoinGlass.
• More than $15 billion in BTC and ETH options were set to expire Friday, with total crypto options open interest near $57 billion.
• U.S. core PCE inflation registered 2.9% for July and equities slipped, following recent remarks from Jerome Powell signaling potential rate cuts next month.
• Traders are watching Bitcoin support near $105,000 even as U.S. spot BTC ETFs took in $178.9 million on Thursday, pushing cumulative inflows above $54 billion.