Bitcoin price rebounds 11% above $65K: Who is buying the dip?

💡 DMK Insight

Bitcoin’s recent dip below $60,000 triggered a $2.6 billion liquidation, and here’s why that matters: Institutional investors are clearly viewing this as a buying opportunity, which could signal a potential rebound. With BTC currently at $70,143, the market sentiment is cautiously optimistic, but volatility remains high. Traders should keep an eye on key support levels around $60,000; if this holds, it could set the stage for a bullish reversal. However, if BTC fails to maintain this level, we might see further sell-offs that could impact altcoins as well. The broader market context shows that institutions are still willing to step in during dips, which could stabilize prices in the medium term. But don’t overlook the risk—if the market sentiment shifts again, we could see cascading effects across related assets. Watch for BTC to test the $60,000 support level in the coming days, as this will be crucial for determining the next move. Keep an eye on institutional buying patterns and liquidation levels, as they could provide insight into market direction.