Overview
- Bitcoin is rangebound around $106,000–$112,000, with analysts flagging weak support near $107,000–$108,000 and a key short‑term holder cost basis near $113,000.
- US spot bitcoin ETFs posted roughly $100 million in net outflows in the latest session, with inflows at BlackRock offset by withdrawals elsewhere after mid‑month redemptions that topped $1.23 billion.
- Glassnode reports long‑term holders have sold into strength at more than 22,000 BTC per day since July, and warns failure to reclaim ~$113,000 risks losses toward the $108,000–$97,000 zone.
- Derivatives activity is elevated as traders hedge with puts and keep record open interest, while CME highlights fresh highs in crypto options with ETH options open interest near $9 billion.
- Ethereum trades above its realized price (~$2,300) but 7‑day exchange netflow has flipped to inflows (~+7,000 ETH) led by Binance, suggesting near‑term selling risk, as XRP exchange balances fell about 3.36% and Dogecoin shows higher volume near $0.19 consistent with accumulation.