In August 2025, Bitcoin and Ethereum prices are under pressure, falling below key levels. This occurs against the backdrop of a significant options expiry, raising discussions on market manipulations.
Options Expiry and Market Manipulations
Bitcoin has fallen to nearly **$110K**, while Ethereum slipped below **$4,360** amid an expected **$15 billion options expiry**. Some traders believe this is a manipulation play by whales aimed at flushing out leverage positions. The fear of Bitcoin potentially dropping below the **$100K psychological line in September 2025** is growing.
Macro Economic Situation and Liquidity
Despite the market panic, a strong bullish force exists. **Global M2 liquidity** has reached a new all-time high, and historically, Bitcoin has followed liquidity growth with a slight lag. The current divergence—Bitcoin's price decline while liquidity rises—suggests this correction may be temporary, and September's early weakness could set up a stronger rebound later in the month.
September 2025 Outlook
Traditionally, September is one of Bitcoin's weakest months. Post-halving years have seen messy Q3 actions before strong Q4 rallies. The early days of September may extend the current weakness, with [BTC at risk](https://www.tradingview.com/symbols/BTCUSD/?aff_id=127958) of testing the **107K–103K zone** and [ETH targeting](https://www.tradingview.com/symbols/ETHUSD/?aff_id=127958) **$4,100–$4,050** if the selling pressure continues. However, if BTC reclaims **113.5K–116K**, and ETH recovers **4.45K–4.60K**, the market could flip quickly, turning September into a launchpad for a strong Q4 rally.
While headlines may scream crash, history suggests this looks more like a shakeout in September rather than the end of the bull cycle. Yes, Bitcoin could briefly flirt with the **$100K level in September 2025**, but the **macro liquidity wave** is still pointing higher. If the month starts bearish, the bigger picture remains: Q4 could be the rally that nobody wants to miss.
