- Price Decline: Bitcoin breached $112,000, trading at around $112,600 after a 1.7% drop.
- Support Levels: Key floors at $112,000, $111,400, and $110,000 under scrutiny.
- Market Inflows: Crypto funds saw $1.9 billion in inflows last week despite the dip.
Bitcoin (BTC) extended its reversal on September 23, 2025, dipping below $113,000 amid a broader market sell-off. The cryptocurrency traded at $112,600, down 1.7% over the past 24 hours, with a brief low of $111,717, according to market data.
Reasons for the dip include macroeconomic headwinds such as a stronger U.S. dollar, rising Treasury yields, and profit-taking by large holders. Over $1.8 billion in leveraged positions were liquidated, exacerbating the decline across major altcoins like Ethereum (ETH) and Solana (SOL).
Analysts have pinpointed three critical support levels: $112,000 as an immediate pivot, $111,400 representing the short-term holder cost basis, and $110,000 as a lifeline support. Sustained trading below $111,400 could signal a shift to a bearish structure, per on-chain metrics.
“As long as $112,000 holds and the Risk stays stable, BTC can rebuild strength,” said Swissblock Technologies. This reflects cautious optimism despite the volatility, with the Bitcoin Risk Index near zero, indicating low risk aversion.
Paradoxically, crypto investment products recorded $1.9 billion in inflows last week, led by $977 million into Bitcoin and $772 million into Ethereum, pushing year-to-date assets under management to $40.4 billion. This surge followed the Fed’s 0.25-point rate cut, suggesting institutional interest remains strong.
Broader market context includes overleveraged trading and delays in altcoin ETF approvals, contributing to fear in the market, with the Fear & Greed Index at 40 (neutral). Ethereum traded at $4,182, down 2.79%, while Solana fell 7.7% to $216.
Risks persist from regulatory pressures and geopolitical tensions, but analysts note potential for a rebound if supports hold, eyeing resistance at $117,000. For more on Bitcoin and Ethereum, visit Cryptopress.site.
The dip may represent a healthy correction after recent gains, but traders should monitor Jerome Powell’s upcoming speech for further cues.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
