Bitcoin has held above $62,000 even as the broader market weakened and tensions between the United States and Iran intensified, a sign that recent selling by weaker holders may be running out, according to analysts cited by CoinDesk. They also pointed to renewed inflows into spot crypto ETFs and slower activity in the spot market as evidence that selling pressure is easing. Still, some analysts cautioned that the latest stretch of price stability appears to be driven mainly by speculative futures trading rather than strong demand in the spot market. That distinction suggests the market may be stabilizing, but the underlying support remains uneven.
Bitcoin has stayed above $62,000 despite broader market weakness and rising tensions between the United States and Iran, a sign that recent panic selling by weaker hands may be close to exhaustion, analysts said, according to CoinDesk.
They also cited renewed inflows into spot crypto ETFs and slower activity in the spot market as indications that selling pressure is easing.
Some analysts, however, said the latest price stability is still being driven mainly by speculative futures trading rather than strong spot demand.
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