Crypto Derivatives Calm As Bitcoin Holds While Liquidations Persist

Bitcoin stabilized near the $118,000 handle while Ethereum edged higher, according to market dashboards tracking spot and derivatives flows. Aggregate 24-hour liquidations hovered around $208 million, indicating continued leverage resets across exchanges. Traders noted a modest bid into weekend sessions, with basis and funding normalizing after earlier volatility. Strategy views emphasized disciplined risk sizing and attention to macro catalysts influencing digital assets via dollar liquidity. Options markets suggested balanced skew, reflecting uncertainty over immediate direction despite improving spot tone.