El Salvador has restructured its $681M Bitcoin treasury (6,300 BTC) into 14 wallets capped at 500 BTC each, aiming to reduce risks from future quantum computing threats. A public dashboard ensures transparency, while experts warn over 6M BTC ($650B) could be vulnerable once quantum tech matures. President Bukele remains committed to Bitcoin despite IMF pressure, targeting $1B reserves by year-end. Leaders like Michael Saylor praised the move as a new global standard for digital asset security.

US spot Bitcoin ETFs are now driving $5–10B in daily volume, rivaling top exchanges. BlackRock’s IBIT alone captured 40% of $571.6M inflows this week. Ethereum ETFs are growing even faster with $1.24B weekly inflows, though they still account for just 4% of ETH spot trading. ETFs are emerging as a core driver of institutional crypto adoption.

A whale (address 0x01ef) sold 197 BTC ($21.3M) and opened a 3x short worth $60.9M at $108K, signaling bearish conviction. On-chain data shows resistance at $112.2K and support near $100K. Analysts also flagged inflows to Wintermute, suggesting whale-driven liquidity shifts and “spoofy” tactics designed to trigger capitulation.

Bitcoin fell nearly 4% to $108,556, its lowest since July, with over $530M in liquidations (CoinGlass). Traders identify $108K as a critical support zone on which failure risks a slide toward $100K, while holding could trigger a relief rally toward $123K on RSI divergence signals. Key macro catalyst event is the upcoming US payrolls report that may influence September Fed rate cut expectations, shaping BTC’s next major move.

Bitcoin is in a fragile make-or-break zone, bulls must defend $108K or risk a deeper correction toward $100K.