Opinion: Bitcoin rebounds to $87,500, but market structure remains "fragile".

Analysts say Bitcoin has recovered from the slump that triggered massive liquidations and sell-offs earlier this week, currently trading at around $87,645, up 1.8% in the past 24 hours. Bitcoin fell to around $81,000 on Friday. Other cryptocurrencies also rebounded, with ETH rising 0.5% to $2,834, XRP rising 2.65% to $2.09, and Solana rising 2.5% to $133. The overall crypto market is up 1% in the past 24 hours. Analysts describe this price recovery as a "post-flush bounce," but note that the move lacks sustained momentum. Vincent Liu, CIO of Kronos Research, said Bitcoin's current movement resembles a "post-flush bounce," with shallow liquidity, fragmented trading flows, buying pressure seeking stability, and long-term holders accumulating. He expects Bitcoin to consolidate in a narrow range of $85,000 to $90,000 due to shallow liquidity and the clearing of stop-loss orders. BTC Markets crypto analyst Rachael Lucas stated that Bitcoin is consolidating after experiencing its deepest pullback in this cycle, and holding above $86,000 in the short term is positive, but the market structure remains "fragile." Lucas pointed out that if it can sustain a hold above $88,000, it will confirm Bitcoin's bottoming process; conversely, if it fails to do so, there is a risk of falling to $80,000. Lucas stated that short-term traders remain cautious and driven by fund flows, closely monitoring funding rates and liquidation levels for signs of stabilization. For institutions, this is currently a "rotation phase rather than an exit," with ETF outflows reflecting risk management rather than abandonment. (TheBlock)