Bitcoin stayed above $62,000 even as the broader market softened and tensions between the United States and Iran intensified, according to a ChainCatcher market update. That resilience suggests recent selling from weaker hands may have largely run its course. The report also pointed to renewed inflows into spot crypto ETFs and slower activity in the spot market as signs that selling pressure is easing. Still, some analysts cautioned that the latest price stability appears to be driven mainly by speculative futures trading rather than strong spot demand. That distinction matters because it suggests the current support may not yet reflect a broad-based recovery in underlying buying interest. The market signal, in other words, is mixed: visible selling pressure looks lighter, but the structure behind price support remains tilted toward derivatives rather than cash-market demand.
Bitcoin remained above $62,000 despite broader market weakness and rising tensions between the United States and Iran, according to ChainCatcher.
That resilience suggests recent selling from weaker hands may have been exhausted. Renewed inflows into spot crypto ETFs and slower activity in the spot market also point to easing sell pressure.
Some analysts, however, warned that the latest price stability is still being driven mainly by speculative futures trading rather than strong spot demand.
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