Crypto Rebounds From Oversold Levels as Altcoin Season Gauge Revisits January High
Bitcoin previously fell into technically oversold territory, prompting investors to turn more cautious. Its price recovery is now drawing capital toward altcoins such as SOL and ADA. The altcoin season indicator has returned to its January high, signaling stronger risk appetite and speculative demand among traders.
In the latest rebound, Bitcoin recovered to about $65,600, while SOL and ADA rose as much as roughly 4.5%. Separate reports showed ONDO gaining 34% and SOL climbing more than 6%. Bitcoin’s market dominance fell to 60.6% over the same period, suggesting capital is spreading from BTC into the broader altcoin market.
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The history behind this eventBitcoin Reclaims $67,500 as Crypto Market Rebounds Broadly
The market had been weighed down by a February selloff and extreme pessimism after U.S. spot Bitcoin ETFs recorded $3.8 billion in net outflows over five consecutive weeks. Crowded leveraged short positions also left the market vulnerable to a short squeeze when prices rebounded. Whether ETF inflows resume has become a key indicator of risk appetite among U.S. institutional investors.
On February 25, Bitcoin rose more than 5% over 24 hours to $67,500 in early U.S. trading. ETH reclaimed $2,000, while major tokens including SOL and DOGE gained more than 10%. CoinGlass recorded more than $307 million in short liquidations. U.S. spot Bitcoin ETFs posted net inflows of $506.5 million that day, including $297.4 million for BlackRock’s IBIT.
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