Overview
- Bitcoin pulled back from an intraday jump to about $114,000, with roughly $300 million in 24‑hour BTC liquidations as price steadied around $107,000–$109,000.
- Market structure remains range‑bound over a 120‑day band centered between roughly $107,500 and $119,300, with a Point of Control near $117,500, according to CryptoQuant.
- Glassnode reports futures open interest has fallen by about 30%, indicating excess leverage has been flushed and funding rates are near neutral.
- Federal Reserve Governor Christopher Waller outlined a limited “skinny master account” program for eligible fintech and crypto firms, a comment that briefly lifted Bitcoin toward $114,000 before gains faded.
- Standard Chartered’s Geoff Kendrick forecasts a brief dip below $100,000 as possible due to trade tensions, yet keeps a $200,000 year‑end target and flags recent gold‑to‑Bitcoin rotation as a supportive signal.