The Dip Gets Bought: Bitcoin Recovers to $77,000 Into the Weekly Close

The last leg of Saturday's flash crash arrived before dawn. Bitcoin slipped below $76,000 in the early European hours of Sunday and printed a session low of $75,545.67, the deepest point of the whole pullback. Buyers then worked the price higher for the rest of the day, and by 19:59 UTC it stood near $77,400, up roughly 22% on the week. The weekly candle closes at 00:00 UTC Monday. It had not closed at the time of writing.

The low came early

A COINOTAG article timestamped 06:09 UTC caught the bottom, citing a $75,866.81 print on Binance's USDT pair; the outlet's later market boxes put the 24-hour low at $75,545.67. That sits beneath both of Saturday's candidate lows, the $76,300 and "below $77,000" figures that never reconciled. The recovery was steady rather than violent. Successive snapshots from the same outlet showed $77,245 at 18:17 UTC and $77,357.51 at 19:59 UTC, against a 24-hour high of $77,765.80. BeInCrypto's homepage widget read $77,424 around 20:25 UTC, though a live widget is a weak source for an exact print.

Leverage reset without a cascade

Saturday's washout ran to somewhere between $1.7 billion and $1.8 billion in forced liquidations, depending on the tracker; those tallies never matched either. Sunday's figure was a rounding error next to them. CoinStats data at the Sunday open showed $66.91 million liquidated over 24 hours, three quarters of it longs, and we could not check that figure against a second tracker. The same dataset put perpetual funding at +0.0103% per four-hour period, slightly above its 30-day average. That reads warm, not hot. The daily RSI, a momentum gauge that signals overbought above 70, still sat near 80.3, and COINOTAG's 19:59 UTC market box had the Fear & Greed index at 66, in "Greed".

One old weekend ritual was missing. CME's bitcoin futures have traded around the clock since late May, as CoinDesk reported at the time, so the squeeze that began when bitcoin cleared $72,000 has just run its first full weekend with no CME gap left to fill.

Ether parked on the trigger

Ether's close is the one with stakes. Bitcoin.com News reported late Saturday that ETH had touched $2,546.78 on Binance during the afternoon, a weekly high that passed largely unremarked amid the crash coverage, before easing to about $2,435 by 5 p.m. EDT. Its seven-day gain of 29.8% outpaced bitcoin's 22.9%. Through Sunday the price held a band between roughly $2,420 and $2,460, and a BeInCrypto widget showed $2,452 around 20:25 UTC. That left it within about five dollars of the $2,450 weekly-close level analysts had flagged as ether's four-day run to a four-month high extended into the weekend. Analyst Kosta Gushterov, in a Coindoo piece published Saturday, drew his decisive line slightly higher, at $2,465.

A close above that level "would signal genuine market acceptance at higher valuations; failing here locks it in as firm overhead resistance," Gushterov wrote.

A formality and a coin flip

For bitcoin, the close looks like a formality. The $70,000 weekly level analysts had watched sat roughly $7,000 below the evening price, and only a collapse of more than 9% in the final hours would put it back in play. The candle stands to seal a gain of about 22%, which The Block on Friday called the biggest weekly gain in two years. Ether is a genuine coin flip. Five dollars separated the Sunday-evening print from the trigger, and nothing in the weekend tape says which side of $2,450 the 00:00 UTC print will land on.