Bitcoin Slides to Seven‑Week Low Near $109K as ETH Gains Favor
🔑 Key Takeaways Bitcoin dropped to its lowest level in seven weeks, briefly under $109K. ETF outflows and leveraged liquidations fueled the decline. Ethereum inflows contrast with Bitcoin’s withdrawals, signaling rotation. Market braces for consolidation ahead of September, historically a weak month. 🗞 Main Story Bitcoin fell to a near seven-week low on August 26, dropping below $109K before stabilizing near $110K. This marks its lowest level since early July, just weeks after hitting record highs of $124K. A major driver was ETF outflows . Exchange-Traded Funds (ETFs) are investment vehicles that let traditional investors gain Bitcoin exposure through stock exchanges. When ETFs record heavy outflows— over $1B in August alone —it signals waning institutional demand, adding strong downward pressure on BTC. The decline was worsened by over $900M in liquidations . Liquidation occurs when leveraged trades (using borrowed funds) are forcibly...