Bitcoin recently rebounded from a local low of $90,742 on November 26, reclaiming $95,000 as market optimism renewed. The wider cryptocurrency market followed suit, with a total valuation increase of 7.3% to $3.32 trillion. A notable indicator of recovery is the Coinbase Premium Index, which shows a resurgence in demand among US retail investors. On November 26, US spot Bitcoin ETFs recorded a net inflow of $103 million, marking the end of a two-day outflow streak. This resurgence indicates institutional investors are also increasing their Bitcoin exposure, with Bitcoin investment products composing over 98% of total inflows. Additionally, the balance of Bitcoin held on exchanges has dropped to a six-year low, suggesting reduced supply available for selling as investors move their assets to self-custody wallets, a generally bullish sign for price movements.

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