Bitcoin (BTC) traded around $63,500 on Tuesday, holding most of the gains from a six-session rally that lifted it off the lows of a brutal June, according to The Block's prices page.
The rebound has split analysts between a near-term recovery still short of confirmation and a longer-term structural signal pointing to a bottom.
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A relief rally on thin liquidity
Wintermute read the week's move as a textbook relief rally driven by easing macro conditions, a Federal Reserve leaning slightly more dovish, de-escalation in the Middle East, and promising institutional headlines around Ethereum, all landing on an asset class bombed out through the first half of 2026.
