Bitcoin (BTC) price surged in the past 24 hours as roughly $100 billion poured into the market, pushing its total capitalization from $1.73 trillion to $1.83 trillion, according to data compiled by Finbold from CoinMarketCap.
At the time of writing, BTC is changing hands at $91,594, a sharp recovery from levels near $86,000 just a day earlier. Trading volumes also jumped by 21.71% to $72.9 billion, signalling renewed participation after weeks of corrective pressure.
Bitcoin price rebounds from 30-day low amid Fed policy optimism
The rebound comes as Bitcoin attempts to claw back losses from a 30-day drop of 19.78%, suggesting that recent price action was less a broad trend reversal and more a technical overshoot to the downside. A confluence of macro catalysts, on-chain accumulation, and momentum-driven trading is now shaping the move higher.
Investor optimism around an increasingly dovish stance from the Federal Reserve has provided a more constructive backdrop across broader risk assets. Markets are betting that December’s FOMC decision could hint at rate cut timelines, supporting liquidity-sensitive plays such as Bitcoin. This macro shift is particularly relevant given crypto’s heightened sensitivity to monetary policy as institutional positioning deepens.
Whale accumulation strengthens Bitcoin price recovery
On-chain data supports the notion that larger holders have used the recent pullback as a buying opportunity. Whales accumulated approximately 30,000 BTC (valued at around $2.7 billion) throughout the week, even as price momentum weakened. Historically, whale accumulation into weakness has been an early indicator of trend stabilization, and in some cases, reversal.
Technically, the rally appears to have stemmed from oversold conditions, prompting short-covering and algorithmic entry once BTC reclaimed key intraday levels. However, market structure remains fragile.
BTC technical outlook
Daily resistance is forming around the 30-day simple moving average near $98,852, a level that, if decisively broken, could activate momentum-driven inflows and challenge the psychological $100,000 threshold. Conversely, immediate support sits around $87,000, aligned with the 7-day SMA, where dip-buying first emerged.
The critical test now lies in BTC’s ability to consolidate above $91,000 into the New York Stock Exchange close. A sustained hold could attract additional inflows and reinforce the narrative of structural demand returning after capitulation. Failure to maintain these levels, particularly if paired with hawkish Fed commentary, risks reclassifying this move as a bear market rally rather than a broader trend reversal.
At this stage, Bitcoin’s trajectory is being shaped by a delicate balance: macro policy expectations, opportunistic whale behaviour and mechanical recovery dynamics. With sentiment improving but not yet robust, traders will be closely monitoring whether this rebound can carry through to a decisive breakout as the market enters a pivotal month for monetary policy.
