Bitcoin grew by 2.5% after a sharp drop

Bitcoin BTC $88,509.17 Mezo Wrapped BTC 1.07% Market capitalization $43.67 million VOL. 24 hours $2.03 billion is once again showing signs of recovery after last week’s drop. According to CoinGecko, the leading cryptocurrency is trading near $ 87,600, up 2.5% from the low of $ 85,550 recorded the day before.

Glassnode analysts note that the pressure from sellers has decreased, and the market has come out of the oversold state. The stabilization of open interest, low activity on the spot market, and reduced outflows from exchange-traded funds indicate a shift from aggressive sales to a more restrained phase.

The spot market has seen a revival in buying activity, which is confirmed by the reduction in the Coinbasepremium. Optimism has also appeared in the options market: the 25-delta skew has increased from -10.96 to -4.58, which means that demand for insurance against price drops has decreased.

According to Laevitas, the last day saw a sharp increase in call option trading volumes at the levels of $ 100,000, $ 112,000, $ 116,000, and $ 118,000. The company reported large transactions using the Long Call Condor strategy, which indicates investors' expectations of possible growth in bitcoin by the end of 2025.

However, experts remain cautious. Tiger Research analyst Ryan Yoon emphasizes that bitcoin needs to gain a foothold above $ 87,000-$ 88,000 to continue its growth, otherwise the movement will remain a short-term rebound. Bitwise CIO Matt Hogan noted that institutional investors are «patiently optimistic» and are gradually increasing their positions. The next key factor for the market will be the December decision of the US Federal Reserve on interest rates.