Cryptocurrencies made a sharp rebound from September lows

Amid the volatile macroeconomic situation, the cryptocurrency market has demonstrated resilience. According to analysts, after a sharp decline in fall 2024, assets rebounded from their lows. Bitcoin rose above $67,590 (24-hour change -1.06%), and Ethereum reached $1,950 (24-hour change -1.82%). Although a stable upward trend has not yet been established, this rebound indicates active capital redistribution among market participants.

Technical Recovery Amid Global Instability

In addition to cryptocurrencies, tech companies and other risk assets also experienced corrections due to sharp fluctuations in stock markets. The simultaneous movement of gold and digital assets suggests that investors are reassessing their risk appetite. The macroeconomic environment remains tense: weakness in stock markets and reduced appetite for high-risk investments are putting pressure on crypto assets. Nevertheless, the current rebound indicates that panic is gradually subsiding and the market is trying to find a new equilibrium.

Market Signals from Options: An Indicator of Protection Against Extreme Risks

The derivatives market shows a telling picture. Traders are actively hedging portfolios by purchasing puts with extremely low strike prices (for example, at $20,000). This behavior reflects ongoing nervousness among market participants and their readiness to hedge against catastrophic scenarios. At the same time, sharp volatility spikes indicate that large players are shifting positions and reallocating risk.

Medium-Term Outlook: From Cleanup to Growth

The recent decline was largely due to the closing of leveraged positions and the reduction of risk premiums in institutional investors’ portfolios. As the process of de-dollarization slows down, fundamental factors come to the forefront: the level of global liquidity, the state of the tech sector, and the scale of institutional capital inflows. The success of medium-term recovery will depend precisely on these macroeconomic parameters. If pressure from global factors eases, it could create conditions for a more sustainable upward movement in cryptocurrencies.