Биткоин поднялся выше $91 000 после резкого падения Translation: Headline: Bitcoin Surges Above $91,000 After Sharp Decline

The price of the leading cryptocurrency has risen above the $91,000 mark, gaining 4.4% over the past 24 hours.

At the time of writing, Bitcoin is trading around $91,400.

Vincent Liu, CIO of Kronos Research, described the current movement as a classic rebound following overselling. He stated that the drop to around $82,000 brought buyers back into the market. Additionally, expectations for a reduction in the Federal Reserve’s key interest rates in December are providing further momentum.

The probability of easing monetary policy next month stands at 84.9%.

This sustains interest in riskier assets, despite cautious remarks from Federal Reserve Chair Jerome Powell.

Jeffrey Ding, Chief Analyst at HashKey Group, sees the rise as a «natural recovery» rather than a reaction to a specific event.

*“The market structure remains healthy, liquidity is improving, and long-term fundamentals aren’t impaired,”* the expert noted.

Following Bitcoin into the «green zone,» other major assets have also made gains.

Analyst Rick Maeda from Presto Research pointed to a clearing of excess long positions in the market, which has created room for growth correlated with the rise in U.S. equity markets.

American indices closed up ahead of Thanksgiving. The Dow Jones indicator gained 0.67%, Nasdaq Composite climbed 0.82%, and the S&P 500 was up 0.69%.

After a drop in Bitcoin’s price, large traders increased their asset transfer volumes to trading platforms, as reported by CryptoQuant to The Block.

According to the firm, 9,000 BTC flowed into exchanges on November 21. About 45% of this volume came from large deposits of 100 BTC or more. Experts deemed this level «unusually high.»

Adding to the picture, long-term holders transferred more than 700,000 BTC in just two days, marking one of the largest asset distributions in history.

The average deposit size in November rose to 1.23 BTC — the highest in the past year, compared to 0.6 BTC the previous week. This increase in «average ticket size» confirms that inflows to platforms are driven by large players.

On Binance, the average deposit has surged from 12 BTC at the beginning of the month to 37 BTC. Analysts believe whales are using the platform to reduce their positions and mitigate risks.

Julio Moreno, head of research at CryptoQuant, noted that sellers have dominated the spot market since early October; however, the balance of power has shifted in the last two days.

This trend has also affected altcoins:

CryptoQuant concluded that investors continue to sell assets amid the current correction, which adds more pressure on prices.

Experts commented to Bloomberg that the current volatility is partly due to a «holiday market» leading up to Thanksgiving in the U.S.

*“Liquidity is lower now, so only small volumes are needed to change the price,”* explained Kaiko analyst Adam McCarthy.

Wintermute strategist Jasper De Mere added that the high $80,000 level has served as a support and consolidation zone after several weeks of a downward trend.

Futures and options data indicate a return of bullish sentiment:

Spencer Hallarn, head of OTC trading at GSR, believes the market is «ready for growth» after speculative long positions were closed over the past two weeks.

On November 26, net inflows into American spot Ethereum ETFs reached $60.82 million. The positive trend in the sector has been observed for four consecutive trading sessions.

Investors have also increased positions in products based on the leading cryptocurrency. The total inflow into spot Bitcoin ETFs amounted to $21.12 million. The only fund with a negative result was FBTC from Fidelity (-$33.3 million).

XRP-based instruments attracted $21.81 million.

Negative dynamics were observed in spot ETFs based on Solana, with a net outflow of $8.1 million from these products.

Remember, on November 24, the first cryptocurrency showed signs of recovery after a wave of liquidations and sell-offs, with its price reaching approximately $87,900.