Bitcoin clings to $109K as whales rotate to ETH and UK bonds spike
Bitcoin’s hold over $109,000 hinges on this week’s US jobs report and other macroeconomic data.
Key takeaways:
Bitcoin whales rotating billions of dollars into Ether highlight weakening conviction in Bitcoin’s $108,000 support among major players.
Bitcoin derivatives show rising liquidation risks with $390 million in leveraged longs at peril below $107,000.