Bitcoin hovered near $111,000 on Saturday, extending a modest rebound from last week’s lows as traders cautiously re-entered risk.
Ether Rose 3.5% to $ 3,970, BNB and Solana Rose more than 3% while XRP jumped 4.5% to lead the gains in the majors. Cardano’s ADA was unchanged while TRON’s TRX fell 5%, leading losses among the royalties.
Traders seem ready to choose strength again, especially in tokens with clearer catalysts a week after a $ 19 billion liquidation event that removed behavioral risk behavior among market participants. Bn’s 5 rally received an apology from US President Donald Trump, with some traders reading it as the end of an overhang that has weighed on the Token since late 2023.
“This is a huge moment for the industry,” said David Namdar, CEO of CEA Industries, which holds one of the largest BNB Treasuries. “We believe that CZ’s pardon is more than just an inflection point for him personally, but also for BNB and potentially for Binance, paving the way for greater access to the US market.”
Meanwhile, Solana continues to attract institutional flow and is increasingly treated as a liquidity proxy for risk sentiment. Sol’s 5% gain makes it one of the few majors to post a positive week, though broader appetite for altcoins remains muted.
However, this is not a return to full risk taking. The market is settling into a slow grind higher after the record avoidance event in October, which wiped out nearly $20 billion in open interest and left traders in shock.
Since then, funding rates have normalized, ongoing volumes have fallen sharply, and buying space is a leading sign that longer-term money is starting to pour in again.
“Bitcoin made the key $105,000 level through the flush, and seems to have stabilized confidence,” said Nick Ruck, director at LVRG Research. “We are optimistic that markets can improve as long-term fundamentals return to investors, even if macro volatility keeps the upside contained.”
Beneath the surface, feelings remain mixed. The fear index has hovered near 25 for days, suggesting sentiment is still low despite the positioning reset. But on-chain activity—especially whales and ETF flows—continues to signal accumulation rather than exit.
October was defined by forced sales and false starts and is on track to be the worst since 2015, Dampening an otherwise bullish month Averages over 25% returns for Bitcoin.
As such, Bitcoin’s strength above $110,000 keeps the structure intact, but traders choose to cycle through the expansion, preferring selective exposure rather than broad speculation.
And for a market that has spent most of the month bracing for the next wave of liquidation, that stands alone as progress.
