Overview

• Bitcoin hovered near $109,000 after slipping below $110,000 this week, while ether briefly fell under $4,000 before rebounding above that level on Friday.
• About $1.1 billion in leveraged positions were wiped out, with analysts describing a long squeeze that accelerated once key supports gave way.
• Spot bitcoin ETFs recorded roughly $725 million of net outflows since Monday, including $258.4 million on Thursday, underscoring the funds’ growing sway after amassing over $150 billion in assets.
• Traders are focused on the $107,000–$98,000 bitcoin support corridor and nearby moving averages around $104,000, with options expiries and early‑October inflation and labor data flagged as the next catalysts.
• On-chain data showed selective accumulation as Lookonchain reported an OTC buyer scooping 60,333 ETH (about $239 million), even as the Crypto Fear & Greed Index slid to 28.