Overview

• Bitcoin traded around $108,000–$110,000 after briefly slipping under $109,000, while Ethereum cooled to roughly $4,400 from a weekend high near $4,953.
• Multiple outlets cited a single whale offloading about 24,000 BTC (roughly $2.7 billion) as the selloff’s catalyst, with positive funding and crowded longs amplifying the drop.
• Coinglass data showed about $811.6 million in liquidations over 24 hours, with long positions bearing the bulk of losses across BTC and ETH.
• Institutional demand for Ether stayed firm as U.S. spot ETH ETFs took in about $444 million on Aug. 25 and BitMine’s treasury swelled to more than 1.7 million ETH, alongside a net 74,500‑ETH outflow from major exchanges.
• Risk pricing turned defensive with negative 25‑delta skew and analysts flagging non‑trivial odds of retests near $100,000 for BTC (35%) and $4,000 for ETH (55%), even as Fundstrat’s Mark Newton forecast a near‑term ETH bottom around $4,300.