Bitcoin has stabilized near $88,000 after last week’s sharp selloff, which pushed the cryptocurrency to a seven-month low and erased trillions in value across the digital-asset market. The rebound has eased some market stress, though caution remains widespread among traders.
Indicators suggest selling pressure is subsiding. Protection costs in options markets have fallen sharply, and the relative strength index shows the asset nearing oversold conditions. Volatility has returned to levels seen in previous months of heightened market uncertainty, hinting that investors are positioning for a potential breakout — up or down.
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Exchange-traded crypto products have seen significant outflows in November, yet many investors continue to hold, signaling confidence in a market floor around $80,000. Resistance appears in the $90,000–$95,000 range for any meaningful recovery.
Meanwhile, broader market conditions add to investor caution. Tech stocks have trimmed recent losses, and expectations for policy moves are shaping trading behavior. Risk appetite remains muted, indicating heightened sensitivity to economic and sector-specific developments.
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The overall picture points to a market cautiously recovering but still vulnerable, with traders carefully monitoring both short-term price floors and potential catalysts for the next move.
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