Bitcoin has staged a solid recovery, climbing back above $62,000 after one of its sharpest pullbacks of the year. The move caps a two-week grind higher off the lows, and the standout feature on the chart is clear: the $58,000 level has now been defended twice, turning what looked like a breakdown risk into a well-defined buying zone.
The recovery lines up with a broader shift in market structure. Buyers stepped in aggressively around $58K–$60K, recovery volume held up, and a short squeeze forced bearish positions to unwind — liquidating hundreds of millions in shorts across the market. Underneath it all sits a slow but real repositioning of flows as European traders migrate away from platforms exiting the EU toward fully regulated, MiCA-compliant venues.
Why did Bitcoin recover above $62,000?
The bounce was driven by a mix of macro relief and forced buying. A softer inflation message from the Fed eased fears of further hawkish policy, prompting a rotation back into risk assets. That macro spark hit a market that was heavily short after the June sello...
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