Bitcoin Is Back Below $110,000. Here’s What to Know About the Latest Crypto Sell-Off.

 

This article, published on Friday, September 26, 2025, explores the recent chill in the crypto market and whether the “crypto summer” has come to an end as Bitcoin fell below $110,000.

Key Points from the Article:

• Market Sentiment Shift: A key indicator of bearish sentiment is the fact that prediction markets (Polymarket) now show a 60% probability that Bitcoin will dip below $100,000 before 2026. This reflects growing caution among traders.

• Cause of the Sell-Off: The slide began around September 21st, triggered by the liquidation of over $1.5 billion in leveraged long positions, which had a domino effect on other cryptocurrencies.

• The Role of ETFs: A major difference in this market cycle is the significant presence of Spot Bitcoin ETFs from giants like BlackRock and Fidelity. These funds now hold over 6% of the current Bitcoin supply, representing a massive pool of institutional investment.

• Historical Cycles Offer Hope: Despite the immediate negative outlook, some analysts remain optimistic for the fourth quarter. They point to historical Bitcoin price cycles, noting that the roughly 1,064-day post-halving window is approaching. In past cycles (after the 2016 and 2020 halvings), this period has seen Bitcoin’s price reach record highs. Based on the last market bottom, a peak could be due around October.

• Expert Advice: Analysts are advising investors to remain patient rather than reacting hastily to the sell-off, suggesting that the market will likely find its footing soon, setting up a positive end to the year.