Bitcoin dropped below $ 109,000, then returned to about $ 109,300 on Friday morning. The movement leaves BTC decreasing by 1.5% in the last 24 hours and 5.9% during the week. The context is a mixture of macro data, policy signals and derivative positions. The inflation of August was 2.7% from year to year, while the basic inflation was 2.9%, slightly higher than in July. Derivatives have fueled much of volatility. On the last day, about 970 million dollars in Futures contracts on cryptocurrencies were liquidated, including $ 852 million from long positions that were relying on pricing. The highest individual liquidation was an ETH-USDT position of $ 19.2 million per HTX, according to data provided by the stock market.
Positions have become more prudent. On Myriad, 69% of users are now anticipating that BTC will reach $ 105,000 before reaching $ 125,000. Two days ago, the feeling was equally divided between bears and bulls. Political titles amplified the noise. President Donald Trump has announced new rates in force from October 1, including 100% on brand drugs, 25% on heavy trucks, 50% on kitchen and bathrooms, and 30% on upholstered furniture. The direction of the tariffs and the following decisions of the FED remain the main short -term factors. The expectations regarding the interest rates have been more temperate. CME Fedwatch Tool shows that traders attribute 87.7% probability to a new 25 -point reduction in October, compared to 91.9% last week. Fed President Jerome Powell said this week that the impact of inflation tariffs could be short -lived, but markets demand confirmation in the data.
Flows reflect these contradictory influences. The temporary fall of bitcoin below the support threshold eliminated the effect of the lever, then purchase offers even over $ 109,000. With the expiration of quarterly options that are approaching and with an open interest as a nominal value, the price is sensitive to hedging flows around key quotations. Beyond Bitcoin, the larger market felt the impact. Total cryptocurrency liquidations approached $ 1 billion, and aggregate capitalization has decreased with BTC. In this context, the intraday backs can disappear quickly if there is no new demand on the spot market. For the weekend, traders are following two areas. Down, $ 109,000 and then $ 105,000. Up, between $ 112,000 and $ 115,000, the area where last week's decrease began. A clear recovery would help in short -term stabilization. Join the 33,000+ subscribers. No spam, only useful info.