Crypto: Bitcoin Price Rebounds 11% Above $65k: Who Is Buying The Dip?

Over $2.6 billion was wiped out across the crypto market as institutions saw sub-$60,000 BTC as a buy-the-dip opportunity.

Bitcoin (BTC) rebounded above $65,000 on Friday, up 11% from 15-month lows below $60,000, as focus shifted to institutional dip buyers.

Bitcoin dropped to $59,000 on Thursday, liquidating over $1.1 billion in BTC longs.

Bitcoin finally sees investors who are willing to “buy the dip” as prices dropped to sub-$60,000 levels.

Traders have shifted their focus to $58,000 as the last line of defense for Bitcoin.

Bitcoin price fell as low as $60,000 on Thursday, erasing 15 months of bullish gains as investors accumulated more at lower levels.

This extended the drop from its all-time high of $126,000 reached on Oct. 6, 2025, to 50% and was accompanied by massive liquidations across the derivatives market.

Related: Big questions: Should you sell your Bitcoin for nickels for a 43% profit?

Data from monitoring resource CoinGlass showed crypto liquidations over 24 hours nearing $2.6 billion, with longs accounting for $2.15 billion. Bitcoin accounted for $1.1 billion in long liquidations.

Binance’s Secure Asset Fund for Users (SAFU), an insurance fund established by Binance in July 2018 to protect users' assets, bought another 3,600 BTC worth $250 million at about $65,000 per BTC.

Source: CoinTelegraph