It is suggested that the panic selling that has been ongoing in the Bitcoin market for months may be coming to an end. According to some market analysts, marginal selling pressure is gradually weakening as the number of investors who could trigger further selling decreases.
Wintermute OTC investor Jasper De Maere noted that despite the recent escalation of conflicts between the US and Iran and tensions around the Strait of Hormuz, Bitcoin has managed to stay above the $62,000 level.
De Maere said that the absence of a significant sell-off in Bitcoin despite geopolitical risks suggests that weak investors in the market may have largely closed their positions.
Spot Bitcoin exchange-traded funds (ETFs) in the US also recorded a net inflow of $197.4 million last week, ending an eight-week streak of net outflows. Analysts believe this shift in ETF flows indicates a softening of selling pressure from the institutional side.
Nexo analyst Dessislava Ianeva, citing Glassnode data, stated that the average daily net sales volume in the Bitcoin spot market was approximately 2,000 BTC in June. She noted that this figure dropped to around 53 BTC in July, adding that the current period has become one of the quietest months of 2026.
However, analysts warn that the current recovery in Bitcoin is largely supported by transactions in derivative markets. The fact that direct Bitcoin purchases in the spot market remain relatively weak raises questions about the sustainability of the rally.
The market is expected to focus on the US June consumer price index data and Federal Reserve Chairman Kevin Warsh’s presentation to Congress in the upcoming period.
*This is not investment advice.
