Analyst: Bitcoin’s panic sell-off may be near its end, as marginal sell pressure is running out

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Golden Finance reported that on July 14, several market analysts believe Bitcoin’s months-long panic selling may be nearing the end, with marginal sell orders gradually drying up.
Wintermute OTC trader Jasper De Maere said that although tensions in the recent Iran-Iraq conflict have escalated and the situation in the Strait of Hormuz remains tense, Bitcoin is still holding above $62,000, indicating that the earlier “weak hands” sell-off has largely been cleared. In addition, US spot Bitcoin ETFs recorded a net inflow of $197.4 million last week, ending the prior streak of eight consecutive weeks of net outflows, further reflecting that sell pressure is easing.
Nexo analyst Dessislava Ianeva, citing Glassnode data, noted that in June the Bitcoin spot market saw average daily net selling of about 2,000 BTC, while in July that figure has fallen to about 53 BTC—one of the calmest months since 2026.
However, analysts also note that the current Bitcoin rebound is mainly driven by the derivatives market, while spot buying demand remains relatively weak. The US June CPI data to be released this week and Federal Reserve Chair Kevin Warsh’s testimony before Congress may still serve as important catalysts influencing market direction.
BTC-1.47%
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