Bitcoin Bounce Near $65,000 Seen As Relief Rally, Not Recovery
2026-07-24 02:21:45
Bitcoin (BTC) trades near $65,000 after rising about 13% from its late-June low near $58,000, but on-chain data suggests the move is still a relief rally rather than a confirmed recovery. according to BeInCrypto, unrealized losses remain deeper than during the February crash, spot demand is still contracting, and BTC remains below most major cost-basis models, with bulls needing a reclaim of the $69,500 Short-Term Holder cost basis to strengthen the case for a durable rebound.
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