Institutional funds buy the dip, driving Bitcoin to rebound 11% from its low point and return above $65,000

SmartContractAuditor · 2026-02-06T13:26:23+00:00

Bitcoin rebounds after a significant decline, with the price rising above $65,000, approximately an 11% bounce from the dip below $60,000. Institutional funds are seen as supporting the rebound, while the $58,000-$62,000 range is considered a short-term key support zone, potentially marking a phase bottom.

SmartContractAuditor

2026-02-06 13:26:23

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Odaily Planet Daily reports that Bitcoin has experienced a rebound after a sharp decline, with the price once again rising above $65,000. This rebound is approximately 11% higher than the recent low below $60,000. Previously, the market underwent a large-scale deleveraging in a short period, with Bitcoin retracing from its October 2025 all-time high of around $126,000, with the decline reaching approximately 50%. Institutional funds are believed to be a key support for this round of rebound. Overall risk exposure of crypto hedge funds has significantly increased. Despite some net outflows, the US spot Bitcoin ETF still recorded a record-breaking trading volume, which the market interprets as a clear sign of buying the dip. Analysts point out that the $58,000-$62,000 range constitutes an important short-term support zone, with the $58,000 level corresponding to a critical long-term moving average. If the price remains above this range, it may signal a short-term bottom. (Cointelegraph)

BTC2,15%

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