Experts remain cautious of Bitcoin’s weekend rebound to $63,000, pointing to ETF outflows and volatility indicies.

Bitcoin rose about 2% to near $63,000 on Monday in an oversold bounce, after a brutal week that dragged it below $60,000 and wiped roughly $390 billion off the crypto market.

A fast bitcoin rebound toward $64,000 wiped out about $320 million in crypto short positions in just 15 minutes, flipping weeks of long liquidations.