Bitcoin Holds at $109K Amid Shifts to Ethereum and Concerns over Liquidations

Bitcoin’s price remains near the crucial $109,000 mark, with market watchers closely observing upcoming US jobs data that could signal future Federal Reserve policy. Whales are shifting funds into Ether (ETH), indicating decreased confidence in Bitcoin’s support level around $108,000. Significant macroeconomic factors like rising bond yields and potential market volatility create a heightened risk of liquidations for leveraged long positions in Bitcoin derivatives markets worth approximately $390 million if prices dip below $107,000.