Bitcoin Erases Overnight Crash as $420 Million Bets Fuel Bullish Hopes
Bitcoin staged a V-shaped recovery, climbing from $75,700 to over $78,300 within hours after an overnight crash. Traders placed roughly $420 million in bullish bets, fueling hopes of a push toward $80,000. The rebound matters to traders because it shows dip-buying demand absorbing a sharp sell-off, though the question is whether the rally holds or fades.