Overview

• Bitcoin briefly fell near $108,700 in early Asia hours, slipping below its 100-day moving average after a reported 24,000 BTC whale sale.
• Roughly $900 million to $940 million in leveraged positions were liquidated across about 205,000 accounts, with the majority from long bets.
• Spot ETF data showed rotation toward Ether, with about $444 million in ETH inflows as Bitcoin ETFs posted roughly $219 million in net inflows with no outflowing funds reported.
• Derivatives metrics signaled ongoing long bias with positive funding and elevated open interest, and analysts flagged $108,000–$105,000 as key support with a potential path toward $100,000 if it fails.
• Total crypto market value fell by roughly $205 billion over 24 hours, altcoins broadly declined, and some institutional buyers continued to accumulate despite retail deleveraging.