In a global environment that remains broadly unfavorable for risk assets, bitcoin (BTC) is surprising investors with a notable rebound this week. After six consecutive weeks of decline, the cryptocurrency has gained 4% since Monday and is trading again around USD 68,500. The move was particularly strong at the start of the week, with a 12% rise over the first three days, before pulling back on Thursday and Friday.
The main driver of this rebound comes from spot Bitcoin ETFs, which recorded more than USD 1.1 billion in net inflows between Monday and Wednesday. These substantial inflows signal opportunistic buying from investors after a sharp correction.
On the political front, a few positive signals have emerged in the United States, including Donald Trump’s call for a rapid adoption of the Clarity Act, aimed at strengthening U.S. leadership in the cryptocurrency sector. But this appears secondary: the current rise looks primarily like a technical rebound after a severe market purge.
Over six weeks, bitcoin had lost nearly USD 30,000, falling from USD 93,000 to USD 63,000. This correction triggered bargain buying, allowing the market to stabilize. The question now is whether this rebound marks a sustainable trend reversal or merely a temporary pause in a still‑fragile market.
Key points of the analysis
A technical rebound after a USD 30,000 drop
The six‑week decline created favorable conditions for a technical bounce, amplified by ETF inflows.
Spot Bitcoin ETFs take the lead
More than USD 1.1 billion in net inflows in three days. A strong signal of renewed institutional interest.
A macro environment still unfavorable
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high risk aversion
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rate volatility
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geopolitical uncertainty The rebound remains fragile.
Political support is symbolic, not decisive
The push to accelerate the Clarity Act supports the long‑term narrative but does not explain the immediate rebound.
A trend that still needs confirmation
The market must demonstrate its ability to hold above USD 70,000 to validate a true reversal.