BTC Drops Below $110K with Risk of Deeper Correction

Bitcoin Dips Below $110K as Analysts Warn of Further Pullback

Bitcoin (BTC) fell below $110,000 on Thursday, erasing gains from earlier in the week and prompting concerns of a deeper correction before a potentially stronger fourth quarter. BTC dropped 2.2% over 24 hours to $109,500, retracing roughly half of the weekend’s rise from $107,000 to Wednesday’s high of $112,600.

Other major cryptocurrencies also declined, with Ether (ETH), Solana (SOL), and Cardano (ADA) all down more than 3%. Corporate BTC holders followed suit: Strategy (MSTR) lost 3.2%, MetaPlanet (3355) fell 7%, KindlyMD (NAKA) slid 9%, and Ether-focused funds BitMine (BMNR) and SharpLink Gaming (SBET) dropped 8–9%.

Analyst outlook
Bitfinex analysts noted BTC is in its third consecutive week of retracement from the August all-time high of $123,640. Historical bull-market corrections average roughly 17%, suggesting BTC is nearing typical drawdown levels. The short-term holder realized price near $108,900 is a key support; a break could see BTC retest the $93,000–$95,000 range.

LMAX Group strategist Joel Kruger remains cautiously optimistic, citing September as a consolidation period ahead of a stronger fourth quarter, supported by ETF inflows, corporate treasury buys, and favorable regulatory signals.