Bitcoin’s price experienced a sharp decline, dropping below $110,000 as markets braced for the expiry of $22 billion worth of crypto options. This significant downturn comes at a time of heightened volatility, with traders closely watching key support and resistance levels. On September 26, 2025, Bitcoin was trading around $108,963, marking a notable decrease from previous days.

Analysts suggest that the current downward trend is driven by selling pressure ahead of the massive options expiry, which often leads to heightened short-term volatility as traders adjust their positions. If Bitcoin’s price falls and consolidates below crucial support levels, it could trigger further declines, with some forecasts targeting levels below $101,500 in the near term.

Technical indicators reflect a cautious outlook. Bitcoin is moving within a descending channel, suggesting that the bearish momentum may continue unless there is a strong rebound. A breakout above resistance could signal renewed optimism, but for now, the broader sentiment remains wary as the market digests the impact of the options expiry and assesses the next potential direction for Bitcoin and the wider cryptocurrency market.