The cryptocurrency market experienced a widespread decline on September 25th. Data from OKX reveals that Bitcoin dropped by 1.4% in the past 24 hours, falling to $111,400.
Other major altcoins also saw significant losses: Ethereum (ETH) decreased by 4.5% to $3,980, XRP fell by nearly 2% to $2.828, BNB dropped by almost 3% to $990, and Solana (SOL) declined by over 5%, also reaching $990.
According to CoinTelegraph, Bitcoin was trading around $111,300 on the morning of September 25th, repeatedly testing the $111,000 mark, raising concerns about further price adjustments.
Bitcoin is currently trading at $111,300. Source: OKX
Furthermore, capital inflows into spot Bitcoin ETFs have decreased by more than 50% compared to the previous week, while retail investors continue to sell off their holdings.
Experts have offered contrasting opinions. Michael van de Poppe, founder of MC Capital, warns that if Bitcoin loses the support range of $112,000 – $110,000, the price could drop to $103,000 – $100,000, which he considers an “attractive buying opportunity.”
He anticipates that after another downward movement, the upward trend will resume.
In contrast, analyst AlphaBTC believes that Bitcoin remains in a downward price channel and could retreat to $108,000, or even $105,000 – $100,000 if the current support level fails to hold.
