Bitcoin faces selling pressure, dropping to multiweek lows near $108,000 due to whale selloff and lackluster US inflation data. Despite RSI divergence, BTC/USD sees nearly 4% daily losses, lowest levels since July 8. Crypto liquidations hit $540 million. Reclaiming $112,000 crucial for bulls. Fed expected to cut rates in September.

Read more at Cointelegraph: Bitcoin Risks Losing $108,000 In A Month-End Sell-Off