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Bitcoin slips below $109,000 as traders lock profits after extended rally
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Bitcoin and Ethereum fell about 7% this week amid profit-taking and DePIN token sell-offs, though analysts view it as a technical pullback with institutional ETF flows supporting long-term sentiment.
Bitcoin dropped below $109,000 while Ethereum slipped under $4,000 as traders booked profits following a multi-week uptrend. Analysts described the 7% weekly decline as a technical retracement driven by leveraged unwinds in DePIN-linked tokens. Despite short-term weakness, institutional ETF inflows remain strong, helping limit downside pressure. Market observers expect consolidation near $106,000 before the next directional move. The overall crypto market cap remains above $4 trillion, with sentiment supported by ongoing developer activity in major blockchain networks.