Bitcoin‘s price has shown recent strength, with the cryptocurrency rising roughly 20% over the past month and back near the $80,000 level. For the volatile digital asset class, sharp moves are nothing new and bitcoin’s performance in 2026 remains negative. It’s still down close to 10% this year.

The reasons for the recent rebound are multiple. In late August, the crypto market started moving past the latest “washout” that had occurred on August 19, one of the largest crypto liquidation events in recent history.

“We had some significant leverage,” said Michael Bucella, co-founder and managing partner of crypto investing firm Neoclassic Capital, on this week’s “ETF Edge.”

That pressured selling was followed by what Bucella describes as some…