Bitcoin has surged back above $90,000, marking a 15% increase from its November 21 low near $80,000. This rebound is underpinned by strong network metrics that highlight significant support levels. The 2024 yearly volume weighted cost basis, the True Market Mean, and the U.S. spot ETF cost basis are all clustered between $81,000 and $83,844, indicating robust buying interest. The True Market Mean, which reflects onchain purchase prices, provided clear support around $81,000, while the U.S. spot ETF cost basis at $83,844 and the 2024 yearly cost basis near $83,000 confirmed demand during the recent pullback.