Bitcoin has recovered more than $10,000 since dropping to $81,000 on Friday, climbing back above $92,000. The broader cryptocurrency market capitalization has gained over $300 billion during the rebound, reaching $3.23 trillion. The recovery follows a 35% decline from Bitcoin's early October all-time high near $107,000.

BlackRock's iShares Bitcoin Trust ETF has flipped back into profitability with $3.2 billion in cumulative gains as Bitcoin rebounded above $90,000. The ETF recorded two consecutive days of inflows totaling $21 million, marking the first such streak in two weeks. Data show the average buy price for IBIT holders now sits near break-even levels, restoring confidence after weeks of pressure from Bitcoin's earlier decline into the mid-$80,000s.

Bitcoin's rise to $91,900 during Friday's Asian session has propelled multiple ecosystem tokens higher. BounceBit gained over 10% in 24 hours, while Stacks climbed 7% over the week as BTC traded near $91,257. The rally followed Bitcoin's recovery from last week's drop toward $80,000, where strong buying interest pushed the cryptocurrency through $85,000 and beyond $90,000.

Nasdaq's International Securities Exchange filed a proposal with the SEC on November 26 to increase the position limit for BlackRock's iShares Bitcoin Trust options from 250,000 to one million contracts. The exchange stated the current cap restricts institutional hedging strategies. IBIT's market capitalization now ranks it among the largest US-listed products.

Max Keiser attributes Bitcoin's recent pullback to mechanical constraints in derivatives markets rather than weakening demand. Nasdaq has filed to raise IBIT options contract limits to 1 million, a roughly fortyfold increase that could remove liquidity bottlenecks previously limiting institutional participation. The expansion enables banks to structure investment products using Bitcoin as collateral without exhausting risk limits.

The Bitcoin Puell Multiple has fallen to 0.67, indicating miners are earning 67% of their typical yearly income from block subsidies, according to analyst Ali Martinez. The decline follows recent price weakness, though the metric remains above the sub-0.50 levels historically associated with major market bottoms since 2015. Bitcoin currently trades around $91,600 as miner profitability remains compressed.

Prediction market Polymarket puts the probability of Bitcoin returning to $100,000 before year-end at exactly 50%. Bitcoin currently trades at $91,431 after posting a 5% weekly gain. Macro analysts expect weakening U.S. dollar conditions could support cryptocurrency prices.

Approximately 147,000 Bitcoin options contracts with a notional value of $13.4 billion are scheduled to expire on November 28, market data show. The put/call ratio stands at 0.58, reflecting a higher concentration of long contracts compared to short positions. Max pain is positioned around $100,000.