Bitcoin price declined below the $110,000 threshold after a midweek rebound lost momentum, sliding 2.2 percent over twenty-four hours to trade near $109,500.
That decline erased half of the gains recorded after a weekend low of $107,000, while Ethereum, Solana and Cardano experienced losses exceeding three percent in the same period.
Bitfinex analysts highlighted a potential support zone between $93,000 and $95,000, noting that failure to defend that range could lead to deeper retracements.
Historical September performance has often reflected seasonal weakness ahead of stronger fourth-quarter rallies, and supply cluster analysis reveals concentrated sell walls near $93,000 that may serve as a durable price floor.
Short-term holder realized price, a metric measuring the average cost basis of recent purchases, currently sits near $108,900, less than one percent below spot levels, suggesting risk of further downside if breached.
Notable declines among corporate treasury vehicles included a 7% drop for MetaPlanet, 9% for Nakamoto and 8% for ether-focused BitMine and SharpLink Gaming, reflecting risk-off sentiment among institutional holders.
Strategists at LMAX Group observed that forthcoming U.S. nonfarm payroll data, ETF inflows and treasury allocations could counterbalance seasonal headwinds, supporting potential renewed bullish momentum later in the year.
Open interest in bitcoin perpetual futures modestly decreased, indicating reduced leverage appetite in derivatives markets, while funding rates retreated from double-digit annualized levels to around six percent, easing financing costs.
Technical indicators signal oversold conditions on short-term timeframes, with relative strength index readings below thirty historically correlating with local price troughs during corrective phases.
Liquidity across major exchanges remained robust, and market participants are monitoring limit order books within the $105,000 to $110,000 range for potential entry opportunities and volatility breakouts.
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