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VISTORBELITUNG.COM,JAKARTA – Bitcoin ($BTC) experienced a notable price drop on Tuesday, September 30, 2025, with its value momentarily falling toward the $112,863 level before finding some immediate support. This latest volatility comes as the cryptocurrency market grapples with a series of macroeconomic and sector-specific pressures throughout the month of September.
While a precise, single cause is rarely identifiable for a crypto price movement, market analysts point to a combination of factors that contributed to the downward pressure, particularly as the quarter-end approached.
1. The 'Red September' Effect and Liquidation Waves
September 2025 had already been characterized by a broader market downturn, often dubbed "Red September" in crypto circles. The entire cryptocurrency market had seen billions wiped out in a sharp selloff over the preceding days.
Excessive Leverage: A major catalyst for the drop to the $112K range was likely a wave of heavy liquidations in the futures market. When the price begins to dip, traders using borrowed money (leverage) are forced to automatically close their positions, which in turn accelerates the sell-off and pushes the price down further in a cascading effect. This "market reset" cleanses the system of over-leveraged bets.
2. Stronger US Dollar and Rate Hikes
Macroeconomic factors continue to exert significant pressure on high-risk assets like Bitcoin.
Strong Dollar: The U.S. Dollar Index (DXY) had been on an upward trend. A stronger dollar makes dollar-denominated assets, like Bitcoin, more expensive for international buyers and generally indicates a reduced appetite for risk globally.
Rising Interest Rates: Ongoing concerns about rising interest rates globally make safer, traditional investments like government bonds more appealing. As central banks maintain a tight monetary policy to combat inflation, investors often pull capital out of speculative markets, contributing to the selling pressure on Bitcoin.
3. Regulatory Uncertainty
Persistent concerns regarding regulatory oversight in key jurisdictions also weigh heavily on market sentiment.
US and European Concerns: Growing regulatory scrutiny in the US and Europe adds a layer of uncertainty. News of US regulators taking action against firms in the crypto space, even those unrelated to the core infrastructure, can spook investors and trigger a risk-off move in the entire asset class.
Despite the alarming price drop, many prominent analysts maintain a cautious but long-term optimistic view. They suggest the move toward the $112,000 range is more of a "healthy reset" than the start of a bear market.
The argument is that these pullbacks are necessary to flush out speculation, creating a "cleaner base" for the next major rally. Analysts are closely watching the $111,000 support level, viewing it as a critical line. If Bitcoin can sustain its price action above this key support zone, bulls may regain control and aim for a retest of higher resistance levels in the coming months.