Bitcoin has rebounded to $90,000 following a significant market correction from $126,000 to $80,000, sparking debate among investors about its future trajectory. The cryptocurrency is navigating key support levels between $85,000 and $88,000, amid a liquidity reset influenced by ETF outflows and structural changes in on-chain activity. Recent ETF outflows, including a $523 million redemption from iShares Bitcoin Trust on November 19, highlight institutional caution. Despite this, signs of stabilization are emerging with a reversal in ETF outflows and increased on-chain accumulation by medium-sized wallets. However, the market remains susceptible to volatility due to reduced order book depth and macroeconomic uncertainties.