Bitcoin and Altcoins Bounce After Oversold Conditions and $200M in Liquidations
Crypto markets recovered on Sunday as Bitcoin entered extreme oversold territory, with over $200 million in liquidations signaling selling exhaustion amid thin weekend liquidity.
Bitcoin (BTC) traded near $86,466, rising about 2.7% from earlier lows. Analyst Ali Martinez noted that Bitcoin’s RSI had dropped into extreme oversold levels—a historical signal often followed by short-term rebounds, as seen in 2023 and March 2025.
The broader market climbed alongside Bitcoin, with total crypto market capitalization up 3.3% to $2.95 trillion. Top tokens, including Ether (ETH $2,835), Solana, BNB, Dogecoin, Cardano, and TRON, posted gains.
XRP surged 7.7% to $2.04, while Zcash (ZEC) jumped 14.1% to $574.05, extending a rally of 113.5% over the past month and over 900% year-to-date. Privacy-focused tokens, including ZEC and Monero (XMR $395.26), outperformed many other sectors.
Derivatives liquidations were significant. CoinGlass reported roughly 117,928 traders liquidated, totaling $206.39 million, with a $3.03 million HYPE-USD position on Hyperliquid as the largest single liquidation. Thin weekend liquidity likely magnified both the downturn and the rebound.
Despite the bounce, the Crypto Fear and Greed Index remains at 10, signaling extreme caution as traders monitor whether this rebound can sustain momentum
