Bitcoin Holds Above $111K as Market Regains Confidence Amid Renewed Optimism for BNB and Solana

Bitcoin hovered near $111,000 on Saturday, extending its recovery from last week’s lows as traders cautiously returned to risk assets. The world’s largest cryptocurrency held the key $105,000 support, restoring market confidence after a $19 billion liquidation event shook leveraged positions earlier this month.

Ether (ETH) rose 3.5% to $3,970, while BNB and Solana (SOL) gained over 3%, signaling renewed interest in large-cap tokens. XRP surged 4.5%, leading gains among major altcoins, while Cardano (ADA) remained flat and Tron (TRX) slid 5%, marking the biggest decline among top performers.

BNB’s rally this week followed renewed optimism around Binance’s prospects after founder Changpeng “CZ” Zhaowas reportedly pardoned by U.S. President Donald Trump. Traders viewed the move as a pivotal moment for both BNBand Binance, potentially paving the way for improved U.S. market access. “This is a massive moment for the industry,” said David Namdar, CEO of CEA Industries, which holds one of the largest BNB treasuries.

Meanwhile, Solana continues to attract institutional inflows, often serving as a liquidity proxy for risk-on sentiment. Its steady performance reinforces its position among investors seeking selective exposure during periods of market uncertainty.

Despite the rebound, analysts warn that risk appetite remains cautious. Funding rates have normalized, trading volumes have declined, and spot buying is leading the recovery — a signal that long-term investors are accumulating positions.

Market sentiment remains mixed, with the fear index lingering near 25, reflecting cautious optimism. Still, on-chain dataand ETF inflows suggest that accumulation, rather than exit, is underway. With Bitcoin maintaining its structure above $110,000, traders are favoring rotation over broad speculation — a sign of a gradual but stable market recovery.