星球日报|Nov 24, 2025 03:48
**[Opinion: Bitcoin rebounds to $87,500, market structure remains "fragile"]**
Odaily Planet Daily News – Analysts report that Bitcoin has recovered from the sharp decline earlier this week that triggered massive liquidations and sell-offs. It is currently trading at approximately $87,645, up 1.8% in the past 24 hours. Last Friday, Bitcoin had dropped to around $81,000. Other cryptocurrencies have also rebounded, with ETH rising 0.5% to $2,834, XRP increasing 2.65% to $2.09, and Solana climbing 2.5% to $133. The overall crypto market has risen 1% in the past 24 hours.
Analysts describe this price recovery as a "post-flush bounce," but note that the move lacks sustained momentum. Kronos Research Chief Information Officer Vincent Liu stated that Bitcoin's current trend resembles a "post-flush bounce," 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 noted 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.
From an institutional perspective, this is currently an "asset rotation phase rather than an exit," with ETF outflows reflecting risk management rather than abandonment. (TheBlock)
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