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BTC $74,801.92 -0.36%
ETH $2,325.73 -1.40%
BNB $628.22 +0.41%
XRP $1.43 +1.41%
SOL $87.73 +2.65%
TRX $0.3259 +0.07%
DOGE $0.0969 +0.32%
ADA $0.2530 +1.13%
BCH $448.70 +1.30%
LINK $9.36 +0.65%
HYPE $43.55 -4.10%
AAVE $112.32 +5.43%
SUI $0.9787 +0.36%
XLM $0.1648 +2.71%
ZEC $331.13 -3.12%
BTC $74,801.92 -0.36%
ETH $2,325.73 -1.40%
BNB $628.22 +0.41%
XRP $1.43 +1.41%
SOL $87.73 +2.65%
TRX $0.3259 +0.07%
DOGE $0.0969 +0.32%
ADA $0.2530 +1.13%
BCH $448.70 +1.30%
LINK $9.36 +0.65%
HYPE $43.55 -4.10%
AAVE $112.32 +5.43%
SUI $0.9787 +0.36%
XLM $0.1648 +2.71%
ZEC $331.13 -3.12%

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Opinion: Bitcoin rebounds to $87,500, market structure remains "fragile"

Analysts say that Bitcoin has recovered from the massive liquidation and sell-off triggered earlier this week, currently trading at around $87,645, up 1.8% in the past 24 hours. Other cryptocurrencies have also rebounded, with ETH rising 0.5% to $2,834, XRP up 2.65% to $2.09, and Solana increasing 2.5% to $133. The entire crypto market has risen 1% in the past 24 hours.Analysts describe this price rebound as a "post-washout bounce," but note that it lacks sustained momentum. Vincent Liu, Chief Information Officer of Kronos Research, stated that Bitcoin's current trend resembles a "post-washout bounce," with shallow liquidity, fragmented trading flows, and buyers seeking stability while long-term holders accumulate. He expects Bitcoin to consolidate within a narrow range of $85,000 to $90,000, as liquidity remains thin and stop-loss orders are being cleared.BTC Markets crypto analyst Rachael Lucas mentioned that Bitcoin is consolidating after experiencing the deepest pullback of this cycle, and maintaining above $86,000 in the short term is positive, but the market structure remains "fragile." Lucas pointed out that if Bitcoin can hold above $88,000 consistently, it will confirm the bottoming process; conversely, failing to do so poses a risk of dropping to $80,000. Lucas stated that short-term traders remain cautious and are driven by capital flows, closely monitoring funding rates and liquidation levels for signs of stability. For institutions, it is currently a "rotation phase rather than an exit," and ETF outflows reflect risk management rather than abandonment.
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