Bitcoin slips below $108K; $320m liquidations pressure majors

Bitcoin fell to about $107,800 and Ether to ~$3,867 as 24-hour crypto liquidations topped roughly $320 million across futures venues. Derivatives positioning remained mixed, with funding rates stabilizing and options markets still pricing upside skews at longer maturities. Technicians flagged a potential lower-high setup after the early-October peak above $120K. Despite near-term pressure, ETF inflows and improving custody access continue to underpin institutional adoption, while broader risk appetite hinges on dollar strength and macro data.