$BTC Bitcoin recently rebounded and is trading around US $91,000–$92,000 after dropping below $88,000.
TechStock²
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ABP Live
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On-chain data show renewed “liveliness” (older coins being moved/traded), which some analysts interpret as rising long-term demand underlying the bounce.
Pintu
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However, spot trading volume remains muted compared with earlier in 2025; much of the activity is now in derivatives/futures — raising the risk of sharp, leverage-driven moves rather than a broad, stable rebound.
TechStock²
The rebound might be more “liquidity bounce” than a sign of healthy new demand: low spot volumes + strong derivatives trading = risk of reversals.
TechStock²
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If price fails to hold above the current ~$90–92 K zone, there’s risk of a retest of lower support levels around $86,000–$88,000. Some bearish scenarios even point to deeper pullbacks if sentiment turns negative.
TechStock²
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Bingx Exchange
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Investor psychology matters: many holders remain “under water” (bought at higher price). That leads to potential selling pressure if they get nervous — especially if macro or regulatory news doesn’t help.
Barron's
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BeInCrypto
