Bitcoin reclaimed the $90,000 level after rebounding from an intraday low near $86,200, driven by spot buying and short liquidations. The move unfolded amid broader market weakness and showed a swift reaction from bearish traders.
According to CoinGlass data, total liquidations over the past 24 hours reached $79.7 million. Futures open interest showed limited variation, indicating that the rebound was led by spot demand rather than an increase in leveraged positions. Part of the short exposure was likely closed through spot buying to limit losses.
During the rally, Bitcoin’s cumulative volume delta surged, signaling concentrated buying pressure that overwhelmed sellers. Altcoins followed unevenly, while Bitcoin dominance climbed back toward the 60% mark.
Recent RSI readings in oversold territory have historically preceded extensions of bullish cycles. Shifts in liquidity conditions and debt structure reduce the relevance of the traditional four-year cycle and open the door to a continuation of the bull market into 2026
Source: https://www.coinglass.com/LiquidationData
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