Bitcoin rose back above $91,000 after a daily gain of 4.4%, reversing a drop to approximately $82,000.

Market movement

Expectations of a Federal Reserve rate cut in December have supported demand for risk assets and contributed to renewed inflows into cryptocurrencies.

Other digital tokens showed positive intraday dynamics, reflecting broader market sentiment improvement after recent price declines and volatility.

Exchanges and supply dynamics

On-chain indicators show a sizable volume of bitcoin transferred to exchange wallets, increasing potential selling pressure on prices in the short term.

An elevated flow of coins to trading venues can amplify volatility when holders seek to realise gains or reduce exposure under changing macro expectations.

Positioning and outlook

Market participants closed a number of speculative positions during the recent downturn, which may leave the market positioned for further directional moves.

Analysts note that the balance between renewed buying interest and increased exchange supply will determine whether the price trend sustains the current recovery.