Whale selling, $390 million in leveraged longs at risk, and surging UK bond yields test Bitcoin’s fragile support ahead of a pivotal US jobs report.
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.
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