Bitcoin rebounds from the lowest level in 9 months.. Has recovery begun? 📈
Today, the crypto market witnessed a notable rebound after strong sell-offs over the weekend.
👈🏻Key points:
• Bitcoin (BTC) dropped to a low of ~74,500–75,000 USD (the lowest level in 9 months), then rebounded strongly and is currently trading above 78,000–79,000 USD.
• Total liquidations exceeded 2.6 billion USD during the downturn, with "extreme fear" sentiment dominating the market.
• Bitcoin exchange-traded funds (Spot BTC ETFs) recorded positive inflows exceeding 560 million USD at the beginning of February, signaling a positive return of institutional demand.
• Ethereum (ETH) and most altcoins are showing a relatively stronger rebound today (some +3–5%).
The market remains cautious due to macro factors (Federal Reserve policy, dollar volatility, and declines in precious metals), but indicators such as the historically low MVRV Z-Score suggest that prices may be in "overbought" territory, opening the door for a stronger rebound if support continues.
🤔What do you think? Do you believe this is just a temporary technical rebound or the beginning of a new upward wave? Share your analyses in the comments! 🚀