Bitcoin staged a remarkable recovery over the weekend, surging by over 10% and surpassing the $64,000 milestone after experiencing a dip to around $56,800 earlier in the week.
The resurgence in Bitcoin‘s price was buoyed by renewed inflows into U.S. spot Bitcoin exchange-traded funds (ETFs), notably witnessing first-time inflows into Grayscale Bitcoin Trust during Friday’s trading session. This influx acted as a positive catalyst, revitalizing Bitcoin’s price action and instilling confidence among investors.
The tumultuous trading sessions earlier in the week had eroded much of the confidence in the cryptocurrency market. However, akin to Bitcoin’s recovery, investor sentiment appeared to rebound over the weekend, as indicated by Alternative’s fear and greed index. Market sentiment transitioned from “greed” to “fear” last week, remained neutral the following day, and reverted to “greed” over the weekend.
Despite lingering uncertainty surrounding the ongoing correction in Bitcoin’s value, historical precedent suggests that such periods often present favorable buying opportunities. Moreover, some analysts are optimistic about Bitcoin’s future trajectory.
Ki Young Ju, CEO of CryptoQuant, highlighted that Bitcoin whales accumulated over 47,000 BTC on Friday, signaling institutional investors’ perception of the recent price correction as an opportune moment to buy.
Technical analyst Rekt Capital underscored historical patterns, noting a short “danger zone” post-halving before Bitcoin resumes its upward trajectory. He views the recent correction, spanning 49 days and one of the longest in this cycle, as a precursor to a potential bullish surge in value from mid-September to mid-October 2025.
In a recent blog post, BitMEX founder Arthur Hayes expressed anticipation of Bitcoin regaining momentum as market conditions improve, particularly post the U.S. tax season and subsiding temporary market pressures, including speculation surrounding the Fed’s rate decision, Bitcoin halving, and ETF demand.
Hayes emphasized the allure of non-fiat assets like Bitcoin amid adjustments to Federal Reserve and U.S. Treasury policies, labeling it as “stealth money printing.” He predicted Bitcoin’s price rallying above $60,000 and subsequently stabilizing in the $60,000-$70,000 range until August.
