Bitcoin bounces back to $87,500 under ‘fragile’ market structure: analysts

Bitcoin has rebounded to approximately $87,645 after experiencing a significant decline earlier in the week that caused mass liquidations. While other cryptocurrencies like Ether and Solana also saw gains, analysts suggest this recovery lacks sustainable momentum, characterizing it as a "post-flush bounce" with shallow liquidity. Vincent Liu of Kronos Research expects consolidation between $85,000 and $90,000 as bids test stability. Rachael Lucas of BTC Markets noted that while holding above $86,000 is constructive short-term, the overall market structure is fragile. A sustained move above $88,000 would confirm a bottoming process, otherwise, a drop to $80,000 is possible. Lucas added that institutional activity reflects risk management rather than abandonment, suggesting the long-term outlook for crypto remains positive despite near-term volatility.

(Source：The Block)