Overview
- Bitcoin fell to intraday lows around $108,000–$109,000, its weakest level in nearly seven weeks, slipping below the 100‑day moving average before a modest bounce.
- Roughly $900–$940 million in leveraged positions were liquidated in 24 hours, mostly longs, with ether leading about $320 million and bitcoin over $200 million as more than 180,000 traders were wiped out.
- Spot ETF data showed resilience with $444 million of net inflows into ether products on Aug. 25 and $219 million into bitcoin funds with no outflows reported, ending a multi‑day withdrawal streak.
- Derivatives metrics signal vulnerability as funding rates stayed positive and open interest remained elevated, options positioning tilted toward puts, and analysts warned of further long squeezes if support breaks.
- Total crypto market value fell by roughly $200 billion to around $3.8–$3.84 trillion, key levels to watch cluster at $108,000 and $105,000, and on‑chain trackers flagged selective whale and corporate dip‑buying.