Overview

• Bitcoin fell from last week’s roughly $124,000 peak to as low as $113,700, and Ether slipped to about $4,200 in Tuesday trading.
• More than $270 million in mostly long liquidations hit in the past 24 hours, led by ETH and BTC, as leveraged bets were unwound.
• U.S. spot Ether ETFs saw $197 million in one‑day outflows Monday and Bitcoin funds shed $122 million, following last week’s record ~649,000 ETH of net ETF inflows.
• Key levels in focus include $112,000–$115,000 for BTC and $3,900–$4,400 for ETH, with a $3.9 billion unstaking queue and whale selling adding short‑term pressure.
• Options and funding data point to rising short‑dated volatility and cooler leverage as markets await Powell’s guidance at the Jackson Hole symposium.