Bitcoin has rebounded sharply, climbing over 11% to surpass $65,000 after a recent decline. This recovery follows a significant drawdown from its October 2025 high of approximately $126,000, where prices had fallen nearly 50%. Institutional buying is credited with supporting this price resurgence, as crypto hedge funds increase their risk exposure. Despite some net outflows, the U.S. spot Bitcoin ETF achieved record trading volumes, indicating strong buying interest at lower price levels. Analysts highlight the $58,000 to $62,000 range as a critical short-term support zone, with $58,000 aligning with a key long-term moving average. Maintaining prices above this range could signal the formation of a short-term low.