Bitcoin and major altcoins rebounded on Sunday after hitting extreme oversold territory on the relative strength index, signaling seller exhaustion. Over $206 million in liquidations eased selling pressure, while thin weekend liquidity drew dip-buyers back. XRP jumped 7.7% and ZEC surged 14.1%, leading gains in a fragile market.
Crypto markets climbed on November 23, 2025, as Bitcoin flashed an extreme oversold signal on the relative strength index (RSI), a momentum indicator ranging from 0 to 100. Readings below 30 often indicate that sellers have pushed prices too far, too quickly. Crypto analyst Ali Martinez noted at 11:19 a.m. UTC that Bitcoin had entered this zone, sharing a chart showing prior dips in 2023 and March 2025 preceded short-term recoveries. Bitcoin traded near $84,173 at the time of his post but rose 2.7% to around $86,466 by 1:36 p.m. UTC.
The broader market advanced, with total capitalization increasing 3.29% to $2.95 trillion over the past 24 hours, per CoinMarketCap. Ether gained 4.5% to about $2,835, while solana, BNB, DOGE, ADA, and TRX also posted daily increases. XRP climbed 7.7% to roughly $2.04, and Zcash surged 14.1% to $574.05, extending its 113.5% monthly rally and over 922% year-to-date gain. Privacy-focused tokens like ZEC and Monero outperformed other sectors recently.
The upswing followed sharp liquidations, with CoinGlass reporting $206.39 million wiped out across 117,928 traders in the past 24 hours. The largest was a $3.03 million HYPE-USD position on Hyperliquid. Thin weekend liquidity amplified the downturn and rebound, a common Sunday pattern in crypto trading.
This bounce occurred against a backdrop of capital outflows. NYDIG's Greg Cipolaro attributed Bitcoin's slide to $84,000 to market mechanics, including $3.55 billion in spot Bitcoin ETF outflows in November—the highest monthly since launch—and declining stablecoin supply. He warned of near-term volatility but maintained a long-term bullish outlook, advising preparation for a bumpy ride. The Crypto Fear and Greed Index stood at 10, reflecting extreme caution.