Overview

• More than $535 million in leveraged positions were liquidated over 24 hours, including about $210 million tied to ETH, as over 115,000 traders were forced out.
• Bitcoin is fluctuating around $115,000 after last week’s record, with several desks flagging a near-term band around $112,000 to $118,000 and resistance near $118,000–$120,000.
• Hotter U.S. producer inflation reduced confidence in a September rate cut, and traders now look to Jerome Powell’s Jackson Hole speech and the FOMC minutes for guidance.
• Institutional and whale accumulation continued during the pullback, highlighted by Metaplanet’s purchase of 775 BTC to reach 18,888 BTC and on‑chain data showing roughly 20,000 BTC added by large wallets since Aug. 13.
• Ethereum led intraday stress with outsized liquidations and a swing to outflows in U.S. spot ETFs, while majors like Solana, XRP and Dogecoin fell roughly 4%–5% on profit-taking.