Institutional buying on dips propelled Bitcoin's rebound, pushing it 11% back above $65,000.

According to ME News, on February 6th (UTC+8), Bitcoin rebounded after a sharp decline, briefly rising above $65,000, a rebound of approximately 11% from its previous low below $60,000. Previously, the market experienced massive deleveraging in a short period, with Bitcoin's pullback from its all-time high of approximately $126,000 in October 2025 widening to about 50%. Institutional funds are considered a significant supporting force for this rebound, with crypto hedge funds showing a marked increase in overall risk exposure. Despite some net outflows, the US spot Bitcoin ETF recorded record trading volume, which the market interpreted as clear bargain hunting. Analysts point out that the $58,000-$62,000 range constitutes a significant short-term support zone, with the $58,000 level corresponding to a key long-term moving average. If the price remains above this range, a short-term low may have been reached. (Source: ME)