Bitcoin clings to $109K as whales rotate to ETH and UK bonds spike

Bitcoin’s hold over $109,000 hinges on this week’s US jobs report and other macroeconomic data.

Key takeaways:

Bitcoin whales rotating billions of dollars into Ether highlight weakening conviction in Bitcoin’s $108,000 support among major players.

Bitcoin derivatives show rising liquidation risks with $390 million in leveraged longs at peril below $107,000.

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