Bitcoin price rebounds 11% above $65K: Who is buying the dip?

Over $2.6 billion was wiped out across the crypto market as institutions saw sub-$60,000 BTC as a buy-the-dip opportunity.

Bitcoin (BTC) rebounded above $65,000 on Friday, up 11% from 15-month lows below $60,000, as focus shifted to institutional dip buyers.

Key takeaways:

Bitcoin dropped to $59,000 on Thursday, liquidating over $1.1 billion in BTC longs.

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