Overview

• Bitcoin hovered around $108,000–$109,000 and Ether traded in the mid‑$3,800s, wiping roughly $150–$170 billion from crypto market value within a day.
• CoinGlass tracked about $1.0–$1.1 billion in 24‑hour liquidations led by ETH longs, including a 9,152‑ETH position worth roughly $36.4 million that was wiped out.
• SoSoValue data showed heavy outflows on Wednesday with about $258 million pulled from U.S. spot Bitcoin ETFs and roughly $251 million from Ether products.
• Stronger U.S. data—GDP revised to 3.8% and jobless claims at 218,000—tempered expectations for Federal Reserve rate cuts and pressured both crypto and stocks.
• Traders highlighted liquidity clusters near $107,000 and a large options expiry as potential near‑term magnets for Bitcoin’s price.