Several market analysts said Bitcoin’s months-long wave of panic selling may be close to ending, with marginal sell pressure starting to dry up. Jasper De Maere, an OTC trader at Wintermute, said Bitcoin’s ability to stay above $62,000 despite the recent escalation in the Israel-Iran conflict and tensions around the Strait of Hormuz suggests that earlier “weak-hand” selling has largely cleared. Fund flow data also pointed in the same direction: U.S. spot Bitcoin ETFs posted $197.4 million in net inflows last week, ending an eight-week streak of net outflows. Nexo analyst Dessislava Ianeva, citing Glassnode data, said average daily net selling in the Bitcoin spot market fell from about 2,000 BTC in June to roughly 53 BTC in July, making it one of the calmest months of 2026 so far. Still, analysts cautioned that the latest rebound has been driven mainly by derivatives markets, while spot demand remains relatively soft. This week’s U.S. June CPI release and Federal Reserve Chair Kevin Warsh’s congressional testimony could still act as key market catalysts.
Several market analysts said on July 14 that Bitcoin’s months-long bout of panic selling may be nearing its end, with marginal selling pressure gradually drying up.
Jasper De Maere, an over-the-counter trader at Wintermute, said Bitcoin has remained above $62,000 even as the conflict between Israel and Iran has intensified and tensions around the Strait of Hormuz have risen. In his view, that suggests earlier weak-hand selling has largely been cleared from the market.
ETF flows also shifted. U.S. spot Bitcoin ETFs recorded $197.4 million in net inflows last week, ending a run of eight straight weeks of net outflows, a sign that selling pressure may be easing.
Dessislava Ianeva, an analyst at Nexo, cited Glassnode data showing that average daily net selling in the Bitcoin spot market was about 2,000 BTC in June. In July, that figure fell to roughly 53 BTC, making it one of the calmest months of 2026.
Analysts also warned that Bitcoin’s rebound is still being driven mainly by derivatives markets, while spot demand remains relatively weak. The upcoming U.S. June CPI data and congressional testimony from Federal Reserve Chair Kevin Warsh could still serve as key catalysts for market direction this week.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
