**[Opinion: Bitcoin Rises to $87,500, Market Structure Remains "Fragile"]** November 24 news: Analysts have stated that Bitcoin has recovered from the decline earlier this week, which triggered massive liquidations and sell-offs. It is currently trading at approximately $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 by 1% in the past 24 hours. Analysts have described this price recovery as a "post-washout rebound" but noted that the move lacks sustained momentum. Vincent Liu, Chief Information Officer of Kronos Research, stated that Bitcoin's current trend resembles a "post-washout rebound," with shallow liquidity, dispersed trading flows, and buyers seeking stability while long-term holders are accumulating. He expects Bitcoin to consolidate within a narrow range of $85,000 to $90,000 due to shallow liquidity and the clearing of stop-loss orders. BTC Markets crypto analyst Rachael Lucas commented that Bitcoin is consolidating after experiencing the deepest pullback of this cycle. Maintaining above $86,000 in the short term is positive, but the market structure remains "fragile." Lucas pointed out that if Bitcoin can consistently hold above $88,000, it would confirm the bottoming process; otherwise, failure to do so could risk a drop to $80,000. Lucas added that short-term traders remain cautious and are driven by capital flows, closely monitoring funding rates and liquidation levels for signs of stability. As for institutions, this is currently a "rotation phase rather than an exit" for assets. ETF outflows reflect risk management rather than abandonment.