This is the reason why I believe caused it to come out of the ashes of misery yesterday:
Meta Advised to Bet on Bitcoin for Inflation Hedge - a proposal has been presented to Meta’s board. It suggests the company allocate a portion of its $72 billion in liquid assets into Bitcoin.
This kind of news can easily trigger speculation thus I think that this announcement by Meta made a contribution to why Bitcoin recovers after dipping to $89k.
The recent Bitcoin price movement indicates that there is someone cashed out led to the market dip of $89k but more investors see this dip as a window to reinvest or put more money in order to take profit during this bull run thus enabling the market to recover instantly.
It's only one man though, as far as I know from another thread - but the news is indeed bullish.
Meta is onto something if they would conclude a positive outcome from this offer.
They would be able to take a bit of the lead for themselves.