Yes, because of the new ranking system it still has to drop until the end of the season. In January the #100 had 940 points.
There are even some attractive challengers for him maybe:
Tashkent (if he can't play Shanghai 1000), as he won an ATP title there
Salzburg (during Davis Cup final), I read they want to get big names and this tournament would still count for the AO entry list.
What I found surprising was that he's 6th alt for Bucharest. Would be a bit strange if he plays another clay tournament right before Asia.