Биткоин на грани восстановления после шести месяцев падения Translation: Bitcoin on the verge of recovery after six months of decline

The price of the first cryptocurrency dropped to a six-month low of $93,000 before rebounding to approximately $95,000.

According to CoinGlass, the liquidation volume in the crypto market reached $619 million in one day, with $243 million related to Bitcoin.

The Fear and Greed Index indicates an «extreme fear» sentiment.

Derek Lim, head of research at Caladan, explained that liquidity is temporarily constrained due to a shutdown of the U.S. government, which has led to an increase in the overall treasury balance.

He anticipates upcoming changes: a resumption of government spending is likely to restore liquidity to the system, and Japan’s ¥17 trillion stimulus package (approximately $110 billion) could provide support to global financial markets.

Edward Carroll, head of markets at MHC Digital Group, shares his views. He noted that financing indicators resemble those from late 2018 and 2019.

«The crypto market has reacted earlier than TradFi,» Carroll stated.

The expert holds a positive medium-term outlook and pointed to Bitcoin’s role as «digital gold,» the expectations for liquidity recovery, and growing interest from institutional investors.

«The current pullback reflects tight financing conditions rather than a breach of fundamental cryptocurrency metrics. When the liquidity cycle turns, we expect digital assets to recover first,» he concluded.

BTC Markets analyst Rachel Lucas said that Bitcoin is testing support around $94,000, identifying the $88,000 to $91,000 range as a critical level.

Lim emphasized that experts are monitoring the 50-week simple moving average at $103,000, noting that a weekly close below this level is considered a bearish signal.

The altcoin market has also declined. Over the week, Ethereum fell by 11.6% to $3,185, XRP by 8% to $2.25, and Solana by 16.1% to $141.

«Historically, altcoins require excess liquidity and euphoria for growth. There is currently neither,» Lim remarked.

He added that the alternative coin season is unlikely to commence without improvements in these aspects.

Analysts from QCP Capital have identified the factors supporting Bitcoin through the end of the year.