Bitcoin price rebounds to $63K as leverage returns creating short term volatility risk
Bitcoin has rebounded to about $63,195, recovering from last week’s selloff, but the key question is whether real buyers are returning or if the move is mostly short covering. Weaker U.S. payroll data and improved spot Bitcoin ETF flows helped the bounce, with ETF inflows returning after heavy outflows. Market structure also looks cleaner: selling pressure has eased and long-term holders are supporting price. Still, the recovery is not yet confirmed. Spot trading volume remains weak while futures open interest and leverage are elevated, making the rally vulnerable if forced buying ends. The main tests are continued ETF inflows, stronger spot demand, and holding the $61,000–$62,000 support zone on any pullback. If those fail, the move may prove to be a temporary macro and derivatives-driven bounce rather than a durable base.
