Bitcoin has surged past the $88,000 mark, indicating a stabilizing movement after periods of significant price decline. Market analysts attribute this rise to DeFi activity and increased institutional investment. The recovery phase is marked by stable open interest levels, muted spot volumes, and continued ETF outflows. This suggests a cautious approach by traders, prioritizing de-risking strategies rather than leveraging potential gains. 2023 has so far seen a shift in trader behavior, with the market quiet before making a bigger move. This pattern aligns with Glassnode data showing oversold but exhausted seller momentum. While panic selling has subsided, the market is slowly unwinding, focusing on more methodical approaches to portfolio management. 📈 ⬆️. Bitcoin Hyper ($HYPER) emerges as a key player in this transition.