Bitcoin hovers around $107K, Ethereum sinks 7% amid market pullback

Bitcoin slipped modestly to around $107,400 on Monday, while Ethereum fell over 7% to $4,380, as markets adjusted to last week’s pullback. Despite the dip, analysts highlighted strong institutional flows into Ethereum and signs of healthy accumulation in Bitcoin, pointing to a cautiously optimistic sentiment in the crypto market.

“Bitcoin is currently hovering around $107,450, marking a modest decline from last week’s lows as markets digest the retreat from mid-August’s highs. Ethereum, meanwhile, trades near $4,378, down from its recent peak but maintaining strong institutional allure. Throughout August, institutional behavior diverged sharply: Ethereum spot ETFs amassed ~$4 billion in total inflows, while Bitcoin ETFs suffered ~$2 billion in redemptions, signaling a sustained capital rotation toward ETH’s staking yield and DeFi prospects,” according to CoinSwitch Markets Desk.

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Another analyst believes that Bitcoin trading at this level is forming a healthy accumulation zone for long-term investors.

“Bitcoin is consolidating near $107,600, forming a healthy accumulation zone for long-term investors. Despite pressure from whale flows into Ethereum and higher-than-expected US PCE data, investor sentiment remains on the positive side, with rising ‘buy the dip’ activity across social channels,” said Edul Patel, CEO of Mudrex.

“Buyers are actively defending this level, building strength for a potential rebound. A decisive break above $110,200 could make way to $114,500, placing BTC back in the bullish momentum, while $106,100 acts as the immediate support,” Patel added.

At 10:23 AM IST, Bitcoin was trading at $107,419, down by 1.20% over the past 24 hours. Ethereum, on the other hand, was trading at $4,387, down by 1.71% in the past 24 hours.

According to CoinMarketCap data, the crypto sector’s overall market capitalisation stood at around $3.73 trillion on Monday.

Here is what other analysts say:

Himanshu Maradiya, Founder and Chairman, CIFDAQ

Bitcoin is holding firm near $108K, while Ethereum trades steady around $4,500. In a rare shift, both Bitcoin and gold ETFs saw simultaneous outflows, breaking their historical inverse trend. Nearly $2B exited Bitcoin ETFs in late August, alongside $449M from gold funds, reflecting how macro uncertainty and unclear Fed policy have sidelined investors across traditional and digital safe havens.

At the same time, the CFTC’s adoption of Nasdaq’s surveillance technology signals a decisive move toward stronger oversight, underscoring how digital assets are converging with traditional markets. The current environment is one of patience investors await the Fed’s direction before re-entering risk or defensive assets with conviction.

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Vikram Subburaj, CEO, Giottus.com

Bitcoin remains in consolidation with a downside bias and traded around $107,500 after brief rebounds above $110,000 were sold into. With U.S. markets shut for Labor Day, thinner liquidity looks set to amplify intraday swings and keep momentum fragile. Flows and positioning point to the same imbalance: derivatives cumulative volume delta or CVD shows larger sellers dominating while smaller spot bids absorbing dips.

Liquidation heatmaps cluster around $104,000, with additional bids near $105,000. These are also the immediate supports to watch. On the topside, $110,000–$112,000 is the near-term resistance band. A decisive reclaim would ease pressure and reset the tone. Near term, the path of least resistance is choppy: a clean break below $105,000 risks a quick liquidity sweep toward $104,000, while stability above $110,000 would open room for a retest of $112,000