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2h ago

Bitcoin Falls to $108,000 as Options Expiry Triggers Heavy Crypto Liquidations

Traders are watching $105,000 as the key level that could determine whether the pullback deepens or stabilizes.

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Crypto markets today: sol futures are more popular than ever, u.s. inflation report looms
crypto market crash
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Overview

  • Bitcoin slid to roughly $108,000, its lowest since early July, as Ethereum, XRP and Solana also declined heading into the weekend.
  • CoinGlass reported roughly $411 million to $535 million in 24‑hour liquidations, with a more than $15 billion options expiry cited as a key driver of volatility.
  • Fresh U.S. data showed core PCE inflation at 2.9% in July and stocks fell, reinforcing risk‑off positioning ahead of a seasonally weak September for crypto.
  • Analysts flagged a developing wedge pattern and noted the 200‑day EMA near $104,000, with several calling $105,000 a near‑term line in the sand.
  • Whale activity included a reported 24,000 BTC sale and rotations into ETH, ETF data showed $178.9 million of net inflows on August 28, and social media claims that Binance used a market maker to drive selling remain unverified.