Bitcoin Dips to Seven-Week Low Near $111K, But Is This a “Buy-the-Dip” Moment?

Bitcoin slid to its lowest level in nearly seven weeks, hovering near $111,376 amid choppy market conditions. As altcoins like Ethereum and XRP saw profit-taking, investors are divided on whether to buy the dip—reflected by renewed ETF flows and cautious sentiment.

Bitcoin experienced a modest decline this week, slipping approximately 0.2% in the last hour to trade near $111,376, marking its lowest point in nearly seven weeks following its mid‑August high of around $124,457—down over 10% from that peak.

The market action has been notably uneven, with Ethereum and XRP seeing sellers offload gains, while Avalanche edged up 0.2%, extending a multi-day rally. Despite the drop, the crypto sector showed signs of renewed institutional interest—spot Bitcoin ETFs registered a net inflow of about $250 million over the past two days, breaking a stretch of outflows and hinting that dip-buying sentiment remains alive.

However, the pullback is not without its warning signs—Bitcoin also fell about 4.3% this past week, tracing back to a brief rebound above $117,000 after the Fed’s dovish signals. Analysts caution that whale selling and substantial liquidations—reportedly exceeding $550 million—could usher in further near-term declines.

Technically, analysts emphasize the $109,000 level as critical support. If breached, it could trigger broader market corrections, especially among altcoins. Conversely, a break above $116,000 to $117,000 may signal renewed bullish momentum.

Investors are left weighing a classic crypto conundrum: whether this dip represents a strategic entry point supported by resilient fundamentals—or a deeper breakdown in sentiment. ETF inflows offer a bullish undercurrent, while macro uncertainties and on-chain volatility remind traders to tread cautiously

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