$BTC
> prev ATH swing point sits at $109k
> 1W demand from $110-105k
> LTF structure broken + Coinbase premium evaporated
My stance here is fairly neutral whilst trading above $109k. Unwind after a fairly hawkish FOMC but well needed correction in equities and longer-tail digital assets.
Possible you can see a fear wick below $109k but do not expect to trade below there for long periods of time if price reaches. In mentality of buy the dip for a positive Q4.

Twitter

Impacted by the latest U.S. non-farm employment data, the cryptocurrency market collectively declined this morning, with Bitcoin falling below $113,000 at one point, and Ethereum breaking through the $3,500 mark, reaching as low as $3,430. However, during the market downturn, on-chain data shows that institutions and whales are still continuing to increase their positions in ETH.

<SharpLink Gaming> added 14,933 <ETH>
According to <Remainder> monitoring, the Ethereum reserve company <SharpLink Gaming> has been, since early this morning, through <Galaxy Digita...>

Ethereum Buying: SharpLink Gaming Increases Holdings by 14,933 ETH, and On-chain Whale Spend $300 Million in Three Days

According to <Caixin> report, the Hong Kong Monetary Authority may reduce the number of stablecoin issuer licenses to three to four. Currently, many Chinese banks' branches in Hong Kong and Chinese securities firms are actively preparing to participate in compliant stablecoin business, including Bank of China Hong Kong, Bank of Communications Hong Kong, China Construction Bank (Asia), China Merchants Bank International, and Guotai Junan International, planning to involve stablecoin issuance, custody, and other aspects. An insider stated that China currently does not have a globally influential public chain. Another insider suggested that a national-level main public chain should be led by central state-owned enterprises, while industry-level public chain construction could be open to market competition.

Caixin: Hong Kong may only issue three to four stablecoin licenses in its first batch

Cryptocurrencies suffered a severe impact in August, with the market experiencing a massive sell-off! Bitcoin (BTC) dropped below $113,000 early this morning, reaching a low of $112,724 around 6:50, and has temporarily recovered to $113,460 at the time of writing, with a decline of 2.1% in the past 24 hours.
[Bitcoin | BlockTempo - The Most Influential Blockchain News Media] Bitcoin trend. Image source: OKX
As the second-largest cryptocurrency, Ethereum experienced an even more dramatic decline, also falling sharply around 6:40 this morning...