Crypto markets rallied on Sunday as Bitcoin flashed an extremely oversold signal and more than $200 million in liquidations helped ease selling pressure across major tokens.
Bitcoin traded near $86,466 as of 13:36 UTC, up about 2.7% from where cryptoanalyst Ali Martinez highlighted the move earlier in the day. Martinez said at 11:19 UTC that Bitcoin had fallen into “extremely oversold territory” on the Relative Strength Index, a momentum indicator that measures the pace of price change from 0 to 100. Traders often see readings below 30 as signs that sellers may have pushed the market too far, too fast.
The chart he shared showed that Bitcoin’s last two dips in this zone in 2023 and March 2025 were followed by short-term rebounds. BTC was close to $84,173 when he posted.
The broader market evolved along with 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 rose 4.5% to about $2,835, whilesolana BNB, DOGE, ADA and TRX also had daily gains. Many remain deeply lower during the month, but Sunday’s gains suggest sellers may be tired after weeks of pressure.
Zcash and XRP provided some of the most notable moves. XRP rose 7.7% to around $2.04. ZEC rose 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 has outperformed most other sectors in recent weeks.
The recovery followed a sharp round of derivatives liquidations. CoinGlass reported that about 117,928 traders were liquidated over the last 24 hours, totaling about $206.39 million, including a $3.03 million HYPE-USD position on the Hyperliquid exchange, the single largest liquidation of the day. Thin weekend liquidity likely magnified both the downturn and the rally, a recurring feature of Sunday crypto trading.
Despite the recovery, the mood remained fragile. The Crypto Fear and Greed Index stood at 10, indicating extreme caution as traders look to see if the recent bounce could develop into a more lasting shift in momentum.
