Bitcoin (BTC) has recorded one of its steepest declines this year, falling to around $89,000, pushing the Fear & Greed Index down to 15 — the lowest level since September 9. However, amid pervasive market pessimism, unexpected signals from Spot market inflows are igniting hopes of a rebound.
Key Highlights
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Bitcoin drops to ~ $89,000, driving extreme market fear.
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Two critical support levels: $89,400 and $82,400 — could determine the potential rebound.
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Spot investors bought $668 million in a single day, the largest Monday purchase of 2025.
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Existing holders accumulated over $1.119 billion in BTC, signaling renewed real demand.
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Liquidation heatmap shows a high probability of BTC moving toward $96,000, and potentially $100,000 if bullish momentum continues.
Is a Bitcoin Rebound Still Possible?
Despite strong selling pressure and widespread discussions of a bear market, on-chain data suggests Bitcoin still has room for recovery.
Analyst Joao Wedson identifies two “key defense lines” for BTC:
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True Mean Value: $89,400
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Active Realized Price: $82,400
Wedson notes that BTC previously bounced from similar levels in 2021 before reaching new highs. Currently, with the price around $89,000, Bitcoin could soon test these support zones.
However, he warns that the current market structure is “much more fragile”, requiring caution when attempting to buy the dip.
Spot Inflows Surge: A Rare Positive Signal
Public interest in Bitcoin is waning, as reflected in Google Trends data — hitting the lowest point since June. This suggests minimal inflow from new investors.
But interestingly, long-term holders are re-entering the market:
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Spot investors have accumulated $1.119 billion in BTC since the start of the week.
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On Monday alone, they purchased $668.72 million, marking the largest single-day buy of 2025.
This indicates that real demand from the spot market is returning, providing a crucial support for the price.
Liquidation Heatmap Points to New Upside Targets
Heatmap data highlights large liquidation clusters at:
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$96,000
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Near $100,000
These clusters act as “price magnets,” pulling BTC toward areas with significant orders.
If buying momentum persists, Bitcoin could reclaim $96,000 and even challenge the $100,000 mark, opening the door to new all-time highs.
