Syed Saif Ul Hassan 
Oct 11, 2025
Bitcoin, the world's largest cryptocurrency by market capitalisation, late on Friday lost to $117,764, undergoing a 3.7% dip from its recent all-time high of $126,000.
Bitcoin price rally's sudden collapse led to a bearish sentiment in the crypto markets.
Analysts predicted that Bitcoin is expected to dip further between $118,000 and $120,000 before resuming its upward trend, which will be supported by futures data indicating a healthy market reset.
According to Markets Pro, Bitcoin futures open interest (OI) has dropped by $4.1 billion, hinting at a reduction in leverage and profit-taking among traders.
Analysts like Stockmoney Lizards and Ted Pillows projected the end of the ongoing correction at around $118,000, suggesting the outset of renewed bullish momentum.
This short-term dip is seen as a “healthy reset” following an overheated market, as traders look for increased demand as key support levels hold steady.
Market data revealed that approximately 190,000 BTC were recently purchased near the $117,000 mark.
Despite the current fluctuations, crypto expert Michael van de Poppe believes that Bitcoin is “ready to continue toward new all-time highs.”
