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Bitcoin Rebound After Sharp Pullback
Bitcoin surged back above $91,000, recovering from last week’s steep decline and signaling renewed buying interest across the crypto market. The world’s largest cryptocurrency rose 4.5% in the past 24 hours, trading at $91,755 late Wednesday, according to The Block’s price data.
The rebound follows a dip to roughly $81,000 last week before stabilizing near $89,000 earlier in the day. Analysts say the move reflects a combination of technical recovery and shifting macro expectations.
“Bitcoin bouncing above $90K reflects a classic oversold snapback; after a brutal drawdown, buyers are stepping in,” said Vincent Liu, CIO of Kronos Research. He added that broader market sentiment has improved as traders price in a strong likelihood of a December Federal Reserve rate cut.
Fed Expectations and Market Mood
CME Group’s FedWatch tool currently shows an 84.7% probability of a December rate cut. Still, Fed Chair Jerome Powell recently stressed that another cut remains uncertain, adding a layer of macroeconomic ambiguity to the market landscape.
Jeffrey Ding, Chief Analyst at HashKey Group, described Bitcoin’s recovery as largely structural rather than catalyst-driven. “It’s a natural rebound after the recent sharp pullback… Market structure remains healthy, liquidity is improving, and long-term fundamentals are intact,” Ding said.
Broader Crypto Market Gains
Rick Maeda, research analyst at Presto Research, highlighted the importance of monitoring institutional activity: “With excess long positioning cleared and macro turning supportive, crypto had room for a relief move that aligned with the rebound in equities. For sentiment, ETF flows will be watched closely—whether outflows stabilize or turn positive again.”
Macro Signals and ETF Flows Under Watch
Traders remain focused on macro indicators, particularly expectations surrounding the potential December rate cut and the role of institutional liquidity. ETF inflows and derivatives positioning are also seen as key variables for assessing whether the latest rally can hold.
“Zooming out, broader risk sentiment has actually remained relatively stable,” said Jeff Ko, chief analyst at CoinEx. “U.S. equities are at all-time highs, inducing risk-off pressure is limited. Expectations for a December 10 rate cut keep climbing, pointing to a more liquidity-friendly environment ahead.”
