Bitcoin’s price surged 4%, rebounding to over 81,000 USD due to a relief rally in US stock futures after significant losses. This follows a notable decline in stock indexes like the S&P 500 and Nasdaq, pushing traders to reconsider risk assets.

The VIX volatility index shows an 89% chance that the stock market has reached its bottom. This extreme fear among investors may lead to potential short squeezes, as traders reflect on the recent bearish market trends.