BTC Recovers From ‘Extreme Oversold’ Zone; XRP Up 7%, ZEC Soars 14%

Bitcoin and Altcoins Rebound as Oversold Conditions Ease Selling Pressure

Crypto markets bounced on Sunday after Bitcoin entered extreme oversold territory and over $200 million in liquidations suggested seller exhaustion amid thin weekend liquidity.

Bitcoin (BTC) traded near $86,466 as of 1:36 p.m. UTC, climbing roughly 2.7% from earlier levels. Analyst Ali Martinez noted at 11:19 a.m. UTC that Bitcoin’s RSI—a momentum indicator—had dropped into extreme oversold territory, a signal often interpreted as a potential short-term reversal. Historical precedents in 2023 and March 2025 saw similar RSI levels followed by rebounds.

The broader market advanced alongside Bitcoin. Total crypto market capitalization rose 3.3% over 24 hours to $2.95 trillion, with top tokens including Ether (ETH $2,835), Solana (SOL), BNB, Dogecoin (DOGE), Cardano (ADA), and TRON (TRX) posting gains.

XRP surged 7.7% to roughly $2.04, while Zcash (ZEC) jumped 14.1% to $574.05, extending a rally that has lifted ZEC 113.5% over the past month and more than 922% year-to-date. Privacy-focused coins like ZEC and Monero (XMR $395.26) have outperformed many other sectors in recent weeks.

The rebound followed a major wave of derivatives liquidations. CoinGlass reported that approximately 117,928 traders were liquidated in the past 24 hours, totaling $206.39 million, including a $3.03 million HYPE-USD position on Hyperliquid—the day’s largest single liquidation. Weekend thin liquidity likely amplified both the sell-off and the subsequent bounce.

Despite the recovery, market sentiment remains fragile. The Crypto Fear and Greed Index stood at 10, indicating extreme caution as traders assess whether the rally can develop into a more sustained trend.