Bitcoin recovers 4% from recent lows to $91,775; whale portfolios hit a four-month high

Bitcoin recovered 4% from its recent low of $89,300 as renewed buying and expectations of a local bottom improved sentiment. Whale portfolios holding more than 1,000 BTC rose to a four-month high of 1,384. The cryptocurrency was trading at $91,775.Bitcoin gained 1.68% in the past 24 hours, while Ethereum rose more than 2%. Major altcoins including XRP, BNB, Solana, Dogecoin and Cardano rose around 5%, while Tron and Hyperliquid fell up to 4%. According to CoinMarketCap, the global cryptocurrency market capitalization rose 1.43% overall to $3.15 trillion.

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Edul Patel, CEO of Mudrex, said Bitcoin has recovered from its lows as growing bottom expectations lead to new buying and the recovery is further supported by increasing whale accumulation, with over 1,000 BTC wallets hitting a four-month high of 1,384.

“The market now awaits the minutes of the US FOMC meeting. Any indication of easing in the December outlook could support a broader bullish shift. Currently trading at USD 92,600, BTC faces immediate resistance above USD 94,300 with USD 90,000 acting as strong support,” Patel further added.

Over the past week, Bitcoin and Ethereum have fallen 11.36% and 10.90% respectively. The major altcoins have also fallen 16% in the past week.

According to the CoinDCX Research Team, after the latest pullback, Bitcoin bulls have successfully defended the crucial $90,000 support and as a result, the token has reclaimed $92,000, which has helped the other altcoins regain their lost support.

The CoinDCX Research Team further adds that, according to reports, the US banking regulator says banks can hold crypto to pay blockchain network fees. Although markets have fallen, the institutions that own nearly 14% of all Bitcoin are looking long-term and expanding digital asset products.

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Expert view

Riya Sehgal, Research Analyst, Delta Exchange

The current crypto market shows a mixed but cautiously optimistic tone. Bitcoin is close to consolidating key support around $89,000 – $90,000, with a potential rebound if bulls can overcome the $93,000 – $94,000 resistance. Ethereum is facing strong overhead pressure near $3,150, and the next directional move will be crucial for altcoin sentiment.

The overall market capitalization is rising despite declining trading volumes, indicating lower liquidity driving price action. Looking ahead, key catalysts include Nvidia’s earnings impacting technology and AI-related risk assets, and potential US Senate legislation that could clarify the structure of the crypto market. Investors and traders should keep a close eye on these events as they can determine the short-term market trajectory.