Overview

• Bitcoin traded near $108,000, its lowest level since early July, as Ethereum hovered around $4,300 and XRP fell to roughly $2.8–$2.9.
• Crypto derivatives liquidations over 24 hours totaled roughly half a billion dollars, with reports ranging from $411 million to $571 million and long positions taking the brunt.
• Large holders accelerated the sell-off through concentrated sales on Binance, including reports of a 24,000 BTC dump and sizable transfers to market makers.
• Fresh PCE data showed inflation still elevated at 2.9% year over year for core and 2.6% for the headline measure, pressuring risk assets alongside seasonally weak September trading.
• Analysts flagged bearish RSI divergence and fragile liquidity even as on-chain supply looks tight, with traders eyeing Bitcoin support near $105,000 and Ethereum around $4,200 while noting recent capital rotation into ETH.