Bitcoin (BTC) and Ethereum (ETH) traded slightly lower on Friday, but as a new report by Bybit and Block Scholes points out, the top coins are holding onto recent gains amid signals of a market recovery.

Many other altcoins have also maintained the upward structure after Monday’s crash, with momentum likely to be anticipated if tailwinds materialize.

BTC, the bellwether of the industry, has its price currently at $91,232, while ETH trades at $3,124.

Crypto market shows early signs of recovery: Bybit & Block Scholes report

A newly released joint report from leading cryptocurrency exchange Bybit and analytics firm Block Scholes outlines the fragile yet promising rebound in market sentiment.

The analysis draws on proprietary data from Bybit’s trading platform and Block Scholes’ advanced sentiment modeling to paint a picture of cautious resurgence.

The report notes that retail investor participation has rebounded, with spot trading volumes for BTC and ETH pairs increasing. Glassnode says most losses have been for recent buyers.

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$BTC‘s drawdown has triggered the largest spike in realized losses since the FTX collapse in late 2022.
STHs account for the bulk of the losses, while LTH losses stay comparatively contained, indicating that the stress is largely on recent buyers.
📉glassno.de/4iBirIe

12:45 pm · 5 Dec 2025

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