Crypto rebounds as Bitcoin nears $114k and Ether hits $4,110

Bitcoin and major cryptocurrencies rallied this week, briefly pushing Bitcoin to about $114,000 and Ether to roughly $4,110 as traders returned to markets after a violent October selloff, market data and analysts said. The gains followed a period of heavy liquidations and volatility that emptied speculative positions and coincided with renewed accumulation by larger holders.

The market rebound unfolded after an Oct. 10 crash that erased about $20 billion in leveraged positions, data shows. Over the past 24 hours, roughly $281 million of derivatives positions were liquidated amid intraday swings, with long and short liquidations split between about $129 million and $152 million respectively. Despite those losses, Bitcoin reclaimed levels around $107,000 to $108,000 before spiking to near $114,000 and then retracing, while Ether traded near $4,000 to $4,100.

On-chain indicators and exchange metrics point to a return of risk appetite. Bitcoin futures open interest rose above $32 billion from an Oct. 11 low near $28 billion, and funding rates ticked higher, suggesting more buyers in futures markets. Technical measures also showed strengthening momentum, with short-term moving...