Analysis: After the sharp decline, market sentiment has improved, and BTC started to rebound after hitting its lowest point since October 2024.

SmartContractAuditor · 2026-02-06T13:54:24+00:00

The crypto market has rebounded after a significant sell-off, with Bitcoin rising above $65,000 and Ethereum climbing back to $1,900. Despite short-term corrections, the market remains influenced by macroeconomic conditions and risk appetite, with long-term trends depending on liquidity and capital flows.

SmartContractAuditor

2026-02-06 13:54:24

Abstract generation in progress

Odaily Planet Daily reports that the crypto market has experienced a phase of recovery after a sharp sell-off, rebounding from its lowest level since October 2024 to above $65,000. Ethereum has also recovered from a low of around $1,750 to approximately $1,900. On the macro level, the overall pressure on risk assets remains the main backdrop. Recently, technology stocks have weakened, risk appetite among investors has declined, and precious metals and crypto assets have fluctuated in tandem, further accelerating the deleveraging process. However, panic sentiment has not fully dissipated. Previously, the options market saw extreme protective buying, with some traders even purchasing put options with strike prices as low as $20,000, indicating that the market is still hedging against extreme tail risks. Overall, this round of sharp decline mainly reflects a phase of correction following deleveraging and reduced risk appetite. A short-term technical rebound may have already occurred, but the medium-term trend still depends on macro liquidity, the performance of technology stocks, and institutional capital flows. (CoinDesk)

BTC2,9%

ETH5,21%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.