Overview

• Bitcoin fell to roughly $108,000, its lowest since early July, as Ethereum and other large tokens also retreated.
• Roughly $411 million to $571 million in leveraged positions were wiped out over 24 hours, with longs taking most of the hit, according to CoinGlass tallies.
• July’s core PCE inflation reading registered 2.9%, reinforcing risk-off trading as U.S. stocks declined alongside crypto.
• About $15 billion in BTC and ETH options were set to expire, with rising open interest pointing to elevated near-term volatility.
• Whale selling and exchange distribution—including a reported 24,000 BTC offload—pressured prices, and traders are watching support near $105,000 with some analysts flagging risks toward $97,000 to $94,000 if that level breaks.