
Briefing
The crypto market is seeing a notable rebound today, November 23, 2025, as investors actively buy the recent price dip. This upward movement is primarily fueled by increasing stablecoin supply flowing back into exchanges and a significant rise in futures open interest. Bitcoin’s price has climbed to $86,000, marking an almost 8% increase from its yearly low.

Context
Before this recent rebound, many in the market were questioning if the prolonged downturn would continue, especially after most digital assets experienced double-digit declines. Investors were wondering if prices had hit their bottom or if further losses were imminent.

Analysis
The current market rally is a direct consequence of investors seizing the opportunity to “buy the dip” following a period where the Relative Strength Index (RSI) indicated oversold conditions, dropping to 25. This dip-buying behavior is supported by a 3.3% increase in futures open interest, now exceeding $125 billion, and an 88% reduction in 24-hour liquidations to $207 million. Additionally, stablecoins, representing readily available capital, are moving back into exchanges, with $86 billion now present, up from $85 billion on Friday.
Think of it like a spring being compressed too far; when the pressure eases, it naturally expands. The market, after being heavily sold off, is now seeing buyers step in, leading to a bounce.

Parameters
- Bitcoin Price ∞ $86,000 (up nearly 8% from its lowest level this year).
- Total Market Cap ∞ Over $2.9 trillion (rose by nearly 3%).
- Futures Open Interest ∞ Over $125 billion (jumped by 3.3% in 24 hours).
- 24-hour Liquidations ∞ $207 million (dropped by 88%).
- Stablecoin Supply in Exchanges ∞ $86 billion (up from Friday’s low of $85 billion).
- Relative Strength Index (RSI) ∞ 25 (indicating oversold market conditions).

Outlook
For the next few days and weeks, market watchers should observe whether stablecoin inflows continue to rise and if futures open interest maintains its upward trend without a corresponding surge in liquidations. A sustained increase in these metrics, coupled with Bitcoin holding above key support levels, would signal a stronger recovery. However, a sudden reversal in these trends could indicate that the current rally is merely a “bull trap,” where prices briefly rebound before resuming a downtrend.

Verdict
The crypto market is showing signs of a strong short-term recovery, driven by renewed investor confidence and significant capital inflows after a period of extreme selling pressure.
