Bitcoin Correction in September Could Test $100K
Bitcoin September correction could see BTC test the $100K mark after a $15B options expiry triggered a drop toward $110K. Ethereum also dipped below $4,360 as whales reportedly manipulated leverage during the monthly close. Historically, Bitcoin September correction driven by large options expiries forces liquidations before stabilizing, often paving the way for Q4 rallies after brief shakeouts. Meanwhile, global M2 liquidity hitting a new high suggests underlying bullish momentum remains intact. Traders should watch key levels: a break below $109K may drive BTC toward $103K–$107K, while reclaiming $116K could signal renewed upside. For ETH, support near $4,100 and resistance at $4,450–$4,600 will be crucial. Overall, this Bitcoin September correction appears to be a standard shakeout rather than a trend reversal, offering potential entry points ahead of a likely Q4 rally.
Bearish
The article describes a significant options expiry that pressured Bitcoin down to around $110K, raising the possibility of a drop below the $100K level in early September. Historically, large options expiries trigger short-term liquidations and volatility, as seen in past cycles (2017, 2021). Although rising global liquidity suggests underlying bullish momentum, the immediate market reaction is likely to be negative as traders de-risk and flush out leverage. Support levels between $107K and $103K may be tested before a rebound occurs. Therefore, the near-term impact on trading activity and market sentiment is bearish, even as longer-term fundamentals remain bullish for a potential Q4 rally.