Bitcoin clings to $109,000 amid whale rotation to ETH and rising UK bond yields

Bitcoin is holding around $109,000, but faces pressure as whales rotate into Ether and UK bond yields rise. Derivatives show growing liquidation risks, with $390 million in leveraged longs at risk if it falls below $107,000. Although the 30-day futures premium remains in a neutral 7% range, the lack of momentum after the drop from $112,500 and weakening confidence in the $108,000 support highlight market uncertainty, as investors await the U.S. jobs report and other key macroeconomic data.