Particle.news

Download on the App Store

Bitcoin Slips Toward $107K as ETF Outflows Mount and Capital Rotates to Ethereum

Institutional flows have swung toward Ethereum, leaving Bitcoin vulnerable near $107,000.

Overview

  • U.S. spot Bitcoin ETFs recorded roughly $751 million in net outflows for August, the first sizable monthly pullback since launch, while Ethereum products drew about $3.9–$3.96 billion in inflows, per SoSoValue and CoinShares.
  • Bitcoin trades around $107,000–$109,000 after a ~6% August decline from mid‑month highs near $124,000, with technicians warning of potential tests of $100,000 and a possible cyclical floor around $93,000–$95,000.
  • CoinGlass reported about $196 million in Bitcoin long liquidations over 24 hours and roughly $275 million across crypto as the market probed support near $107,000.
  • On‑chain and flow data show divergent positioning: analysts cite a positive Coinbase premium and Delta Cap near an implied $108,900 for Bitcoin, while Ethereum saw large accumulation including a reported ~820,224 ETH (~$3.6 billion) purchase.
  • Traders are watching ETF flows and the Federal Reserve’s September 17 decision for the next catalyst, with several desks framing $108,000 as a key battleground for Bitcoin’s trend.