“Bitcoin and major altcoins bounced Sunday after an oversold RSI reading and more than $200M in liquidations signaled seller exhaustion amid thin weekend liquidity.”, — write: www.coindesk.com
Bitcoin BTC$87,011.95 traded near $86,466 as of 1:36 pm UTC, rising about 2.7% from where crypto analyst Ali Martinez highlighted the move earlier in the day. Martinez said at 11:19 am UTC that Bitcoin had fallen into “extreme oversold territory” on the relative strength index, a momentum indicator that measures the pace of price changes from 0 to 100. Traders often view readings below 30 as signs that sellers may have pushed the market too far, too quickly.
The chart he shared showed that Bitcoin’s last two dips into this zone in 2023 and March 2025 were followed by short-term rebounds. BTC was near $84,173 when he posted.
Bitcoin RSI Chart From Glassnode Shared on X by Ali Martinez
The broader market advanced alongside Bitcoin’s recovery. Total crypto market capitalization rose 3.29% over the past 24 hours to $2.95 trillion, according to CoinMarketCap, with most top-20 non-stablecoin assets moving higher.
Ether ETH$2,834.65 gained 4.5% to around $2,835, while Solana SOL$131.83BNB, DOGE, ADA and TRX also posted daily increases. Many remain deeply lower over the month, but Sunday’s gains suggested sellers may be tiring after weeks of pressure.
Zcash ZEC$581.54 and XRP delivered some of the most notable moves. XRP climbed 7.7% to roughly $2.04. ZEC surged 14.1% to $574.05, extending a rally that has lifted it 113.5% over the past month and more than 922% year to date. Privacy-focused tokens, including ZEC and Monero XMR$394.11have outperformed most other sectors in recent weeks.
The rebound followed a sharp round of derivatives liquidations. CoinGlass reported that about 117,928 traders were liquidated over the past 24 hours, totaling roughly $206.39 million, including a $3.03 million HYPE-USD position on the Hyperliquid exchange, the day’s largest single liquidation. Thin weekend liquidity likely magnified both the downturn and the rebound, a recurring feature of Sunday crypto trading.
Despite the upswing, sentiment remained fragile. The Crypto Fear and Greed Index stood at 10, indicating extreme caution as traders watch whether the latest bounce can develop into a more durable shift in momentum.
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- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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The divergence emerged when newer nodes accepted a malformed transaction that older nodes rejected.
- A malformed transaction caused a brief chain split in Cardano, leading to an emergency patch and network-wide upgrade.
- The incident is under investigation as a potential cyberattack, with a former testnet participant’s wallet identified as the source.
- Cardano co-founder Charles Hoskinson described the event as a targeted attack by a disgruntled stake-pool operator.
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