Bitcoin surged and then pulled back to 87,000, signaling weak rebound momentum

GasWrangler · 2025-12-30T06:20:10+00:00

Bitcoin surged to $90,000 yesterday before pulling back to $87,000, and market sentiment is gradually shifting from panic to rationality. The rebound is mainly the result of short covering, with a lack of new capital inflows. Bitcoin and Ethereum are currently in consolidation phases, with insufficient momentum, and the market is cautious. A stronger fundamental support is needed to achieve a breakout.

GasWrangler

2025-12-30 06:20:10

Abstract generation in progress

【Crypto World】Bitcoin surged to $90,000 yesterday and then immediately pulled back, now stabilizing below $87,000. Market sentiment has also gradually shifted from panic to rationality. According to on-chain data analysis, this rebound appears to be more the result of short sellers rapidly covering their positions rather than new funds flowing in.

From a technical perspective, both Bitcoin and Ethereum’s price structures have entered consolidation phases. BTC is bouncing around the mid-$80,000 range, lacking a clear direction, while ETH is hovering around $2,930. Both major cryptocurrencies exhibit the same issue — during the rebound, momentum is noticeably insufficient, and there is no strong buying activity to confirm a trend reversal. Overall, the market is still in a wait-and-see stage, and a genuine breakout requires more robust fundamental support.

BTC1,14%

ETH1,2%

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blockBoy

· 9h ago

Short covering rebound, this is what the leeks see as a "reversal"… laugh out loud --- Again consolidation, again waiting and watching, when will there be some movement --- 87,000 still struggling, does anyone really want to buy in? --- Lack of momentum just means waiting for big funds to enter, but whether they come or not is another story --- This rebound is ridiculous, surged to 90,000 then turned and ran, a classic cut-loss trap --- ETH’s stance... really boring --- Fundamental support? Ha, just waiting to see --- Consolidation, consolidation, always consolidating, who the hell will break through first

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FloorPriceNightmare

· 15h ago

Short covering is done, is this a rebound? Laughing to death, let's wait and see --- 90,000 drops so quickly, still want to break through? Without fundamental support, everything is pointless --- Is it consolidating again? If this continues, it feels like a breakdown is imminent --- Lack of momentum means no one is buying, in other words, no one believes in this round of market --- Waiting and watching, if we keep waiting, no one will be left --- Feels like it's going to drop again, this rebound is too weak --- Fluctuating around 80,000, what are we messing around for? --- Let's see if 80,000 can hold, then we'll talk about other things

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OfflineValidator

· 15h ago

Is a short squeeze just called a rebound when it rises? This wave is indeed weak, where are the buying orders? Where is the new capital? It really needs to come in. Friction, friction... just not giving a direction, it's uncomfortable. Waiting and watching, all waiting for the fundamentals? Then when will that be? 90,000 is truly inflated; now at 8.7K, the price is also frustrating. Lack of momentum hits right at my core; this rebound is indeed weak. Not seeing strong buying orders is troublesome; consolidation, consolidation, never-ending.

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WalletAnxietyPatient

· 15h ago

The tactic of short covering to push the price up has been seen too many times, I'm not surprised at all. Run away at $90,000? This rebound is too half-hearted. Just watch and wait, anyway I don't have money to buy the dip haha. Still need big funds to come in, otherwise this consolidation will continue. Lack of momentum means no one is buying in. If I can't hold the $87,000 level, I'll cut my losses again. If it really rises sharply, I might believe it. Right now, it's just bluffing.

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GateUser-1a2ed0b9

· 15h ago

Short covering just trying to scare us? This rebound is completely fake, I can't see any sincerity.

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AllTalkLongTrader

· 15h ago

I've seen through this short covering routine long ago, they keep pushing the price up repeatedly just to harvest the retail investors. Haha, wait a minute, if there's no momentum, it still has to fall further. This rebound is pure nonsense. If they can't hold 90,000, it shows that the institutions also lack confidence. If you don't believe in the fundamentals, just trust my intuition. I'm a bit anxious holding the coins now. Only if 80,000 breaks can we see the truth clearly.

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MEVHunterLucky

· 15h ago

Just short covering, where is the real buying interest? --- 90,000 seconds of pullback, this rebound is really weak --- It's either consolidation or waiting and seeing. When will there be a breakthrough? --- Lack of momentum is a signal, don't expect much from this wave --- Waiting for fundamentals? By the time they improve, the flowers will have withered --- At 87,000, this level is too awkward, afraid to go up or down --- No new funds entering the market, this rebound is just a false alarm --- Consolidation, consolidation, every day consolidation, give me a break --- Both coins are weak, what does that mean? --- I don't believe in this kind of momentum rebound at all

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