Overview

• Bitcoin traded around $109,000–$110,000 and ether hovered near $3,900–$4,000 after fresh declines and a brief Friday bounce.
• Roughly $1.1 billion in positions were liquidated Thursday in a leverage-driven long squeeze, with analysts flagging fading momentum.
• Spot bitcoin ETFs logged heavy redemptions this week, including about $258 million on Thursday and $725 million since Monday, adding to selling pressure.
• The Crypto Fear & Greed Index fell to 28, its lowest since April, reflecting risk-off sentiment despite a modest rebound after the PCE report.
• On-chain flows diverged as a large OTC buyer accumulated 60,333 ETH (about $239 million) while technicians watched key supports near $107,000 for BTC and $3,800–$3,900 for ETH.