Crypto Market Shows Signs of Resilience Amid Bearish Derivatives

The crypto market showed signs of resilience on Thursday after dipping below $60,000. Bitcoin added 1.1% since midnight UTC and reached over $61,000.

This relief rally was linked to recovering U.S. equities. However, bearish derivatives positioning and negative CVD suggest the rebound may be fragile.

Nearly $1 billion in crypto futures positions were liquidated in 24 hours as bitcoin's dip triggered a violent two-way move.