The market faced a sharp weekend correction, sending Bitcoin price below $112,000. At the same time, altcoins like Ethereum, Avalanche (AVAX) drew new attention from traders looking for the best altcoins to buy the dip.

Bitcoin Price Path Below $112K Tests Trader Confidence

Bitcoin price drop under $112,000 came after a sharp flash crash that erased about $15 billion in futures open interest. Despite reclaiming the $114,000 level briefly, caution still dominates the market. Analysts suggest the next push toward $125,000 could be delayed as investors weigh global macro issues.

Weaker U.S. job numbers and fresh tension between the U.S. and China added pressure. Bond yields fell, signaling traders’ move toward safer assets. Some still view Bitcoin as a key hedge, but the current price zone shows how cautious participants have become.

Even so, Bitcoin remains the market’s foundation asset, and its pullbacks often open opportunities in promising altcoins. As traders wait for volatility to settle, many now scan the broader market for the best altcoins to buy the dip before the next cycle recovery.

Ethereum Price Eyes $4.5K as Market Regains Balance

Ethereum’s recovery above $4,100 suggests confidence is returning. The heavy liquidations that hit futures markets on Friday have eased, with funding rates normalizing. Analysts now see Ethereum regaining its footing toward the $4,500 zone if sentiment continues to improve.

ETH’s strength lies in its ability to stay resilient during sharp downturns. While many other assets dropped by 60% or more, Ethereum’s correction was softer, proving its deeper market presence. Options data also shows balanced activity, hinting that traders are not betting on heavy downside moves.

The broader sentiment now sees Ethereum as one of the best altcoins to buy the dip, given its stability, long-term developer base, and steady institutional demand through ETFs and derivatives markets. As confidence rebuilds, ETH may lead the next leg of recovery.

Avalanche (AVAX) Recovery Hints at a Broader Altcoin Turnaround

Avalanche has started to show signs of life after one of its sharpest shakeouts in months. AVAX now trades near $22, with analysts tracking a possible rebound toward $47. Market watchers highlight its strong on-chain activity and network usage, which remain steady despite the price crash.

The Bokcast and other analysts point to a clean structure forming, suggesting AVAX may have already cleared weak hands. Historically, such capitulations often mark macro bottoms. September saw Avalanche’s busiest month in nearly two years, a sign of real activity beyond speculation.

How Traders Can Position in This Market

Short-term fear often creates long-term opportunity. The recent dip has given traders a new chance to reposition in quality altcoins before sentiment flips again. Watching Bitcoin’s next moves remains key, but those who diversify early into names like Ethereum, AVAX may be better placed for the next recovery wave.