Overview

• Bitcoin fell to roughly $107,000–$108,000, its lowest since early July, after a multi‑day pullback from mid‑August record highs near $124,000.
• Forced unwinds intensified the drop, with 24‑hour crypto liquidations reported between about $535 million and $571 million, led by long positions, according to CoinGlass and other trackers.
• On‑chain watchers flagged heavy whale activity, including a reported 24,000 BTC sale and rotation toward Ethereum; ETH also retreated after setting a new high last week.
• Fresh U.S. PCE readings reinforced sticky inflation as stocks slipped, leaving markets focused on upcoming jobs and CPI data that could shape the Fed’s September decision.
• Spot bitcoin ETFs still logged net inflows earlier this week, though at a cooler pace, while analysts highlighted bearish RSI divergence and warned that losing $112,000 could open a path toward $100,000 if $105,000 fails.