Bitcoin rebounded after a sharp drop, with the price briefly rising above $65,000, a rebound of about 11% from its previous low below $60,000. Previously, the market experienced massive deleveraging in a short period, with Bitcoin's pullback from its all-time high of approximately $126,000 in October 2025 widening to about 50%. Institutional funds are considered a significant supporting force for this rebound, with crypto hedge funds showing a marked increase in overall risk exposure. The US spot Bitcoin ETF recorded record trading volume despite some net outflows, which the market interpreted as clear bargain hunting. Analysts point out that the $58,000-$62,000 range constitutes a significant short-term support zone, with the $58,000 level corresponding to a key long-term moving average. If the price remains above this range, a short-term bottom may have been reached. (Cointelegraph)