Overview
- After jumping to about $114,000, bitcoin fell to roughly $107,500, triggering nearly $300 million in BTC liquidations and about $650 million across crypto.
- Glassnode says futures open interest is down around 30% from early‑October peaks with funding near neutral, reducing immediate liquidation cascade risk.
- Standard Chartered’s Geoffrey Kendrick forecasts a brief dip below $100,000 in the near term but keeps a $200,000 year‑end target.
- U.S. spot bitcoin ETFs saw about $101 million in net outflows on Wednesday, even as T. Rowe Price filed to launch a new crypto ETF.
- 10x Research highlights whale accumulation versus mega‑whale distribution anchoring price near $110,000, with focus on $105k–$112k support and resistance near $119,750.