Bitcoin rebounds $1,500 from its intraday low: who keeps buying near $77K

Bitcoin staged another sharp intraday recovery on Wednesday, rebounding more than $1,500 after sliding towards $77,600 as investors digested surging oil prices and uncertainty over US interest rates. BTC traded as low as roughly $77,638 before recovering above $79,000 during the Asian session. Brent crude was approaching $100 a barrel, while markets were also preparing for US inflation data and next week's Federal Reserve decision. The bounce adds to a pattern developing around the upper-$77,000 area. Sellers can push Bitcoin lower, but buyers have repeatedly appeared before declines accelerate. The buyers near $77K look different The first clue is in how the rebound is being funded.