#BTCRebound Bitcoin (BTC) has experienced a significant rebound, currently trading around $87,000, marking its highest level since early April 2025. This recovery follows a dip to approximately $74,434 earlier in the month.
Key Factors Behind the Rebound:
Institutional Investment and ETF Inflows: Institutional interest in Bitcoin has been on the rise, with significant inflows into Bitcoin Exchange-Traded Funds (ETFs). For instance, BlackRock’s IBIT ETF reported a net inflow of $45.5 million in a single day, indicating growing confidence among institutional investors.
Increased Open Interest: Bitcoin's open interest has surged by $3.1 billion over the last 24 hours, reaching $30 billion. This sharp increase indicates that traders are leveraging their positions in anticipation of continued price growth.
Political Developments: Bitcoin rallied to its highest level since early April, jumping 3.9% to top $88,400 on Monday morning in New York. The rebound comes as the dollar weakened following President Donald Trump's push against Federal Reserve Chair Jerome Powell.
Market Outlook:
Analysts suggest that while Bitcoin has reclaimed the $87,000 level, the path to $100,000 may face resistance. On-chain data indicates that the price might consolidate between $78,000 and $90,000 in the short term. However, if buying pressure increases, Bitcoin could rally to $98,629, near the 0.786 Fibonacci level.
Despite the recent gains, some caution that the rebound may stall without a boost in buying pressure. The Stablecoin Supply Ratio (SSR) has climbed to 14.42, suggesting weak stablecoin buying power—a bearish signal that could limit Bitcoin's upside.
Overall, Bitcoin's recent rebound reflects a combination of institutional investment, increased leverage, and macroeconomic factors. However, the sustainability of this rally will depend on continued buying pressure and broader market conditions.
