Bitcoin and Major Cryptocurrencies Rebound After Weekend Sell-Off Triggers Billions in Liquidations

Bitcoin and major cryptocurrencies staged a notable rebound over the past 24 hours following a brutal weekend sell-off that dragged prices to multi-month lows and wiped out billions of dollars across crypto derivatives markets. While the recovery offered short-term relief, overall market sentiment remains cautious as large-cap tokens are still sharply lower on a weekly basis.

During Asian trading hours, Bitcoin hovered just under $79,000, according to CoinDesk market data, recovering from weekend lows near $74,000. Ethereum also bounced, climbing above $2,340, while major altcoins including Solana, BNB, XRP, and Cardano posted gains ranging between 3% and 6% in the past day. Despite these gains, most leading cryptocurrencies remain down as much as 20% over the last seven days, underscoring the depth of the recent correction.

The sharp downturn over the weekend was driven by widespread capitulation, characterized by thin liquidity and heavy long liquidations across derivatives markets. Analysts suggest the sell-off may mark a critical turning point in the broader crypto market cycle. According to CF Benchmarks, Bitcoin may have completed a bearish sequence that began with the October 10, 2025 deleveraging event. The recent washout briefly pushed prices below the April 2025 “Liberation Day” lows around $74,000, triggering what analysts described as massive forced liquidations.

However, Bitcoin now sits at a key inflection point. Market experts note that aggressive, high-volume buying will be required to establish a new bullish market structure. Failure to hold above recent support levels could leave Bitcoin vulnerable to further downside, with potential liquidation clusters forming below $70,000.

Broader macro factors continue to weigh on crypto markets. Regulatory uncertainty in the United States, including stalled crypto market structure legislation, remains a headwind. At the same time, early signs of hawkish repricing around Federal Reserve policy have added pressure to risk assets.

Elsewhere, traditional markets showed signs of stabilization. Asian equities rebounded strongly after their sharpest sell-off in over two months, supported by a recovery in gold and silver prices that helped improve overall risk sentiment. The MSCI Asia Pacific Index surged 2.4%, while South Korean stocks jumped more than 5%. U.S. equity futures also edged higher following upbeat corporate guidance, even as uncertainty around Federal Reserve leadership and policy direction persists.