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Institutional Funds Buying the Dip Drive Bitcoin's 11% Rebound from Lows, Surpassing $65K Again

2026-02-06 13:21

Odaily News Bitcoin has shown a rebound trend after experiencing a sharp decline, with its price once recovering above $65,000, marking an approximately 11% rebound from the previous low point that fell below $60,000. The market had previously undergone large-scale deleveraging within a short period, causing Bitcoin's pullback from its October 2025 all-time high of around $126,000 to expand to approximately 50%. Institutional funds are considered a significant supporting force behind this rebound. The overall risk exposure of crypto hedge funds has noticeably increased. Despite experiencing some net outflows, U.S. spot Bitcoin ETFs still recorded record-breaking trading volumes, which the market views as clear evidence of dip-buying behavior. Analysts point out that the $58,000-$62,000 range constitutes an important short-term support zone. Within this range, the area around $58,000 corresponds to a key long-term moving average level. If the price maintains above this range, it may signal that a short-term cyclical low has potentially been established. (Cointelegraph)