Bitcoin panic selling may be nearing an end as marginal sell pressure dries up.

Chainthink

Release Time:

BTC

$64,069.40-1.16%

Summary

Bitcoin’s spot grid strategy may gain momentum as signs of panic selling ease and marginal sell pressure fades. Wintermute’s Jasper De Maere noted that Bitcoin has remained above $62,000 despite geopolitical tensions, suggesting that weak hands have largely exited. U.S. spot Bitcoin ETFs recorded a net inflow of $197.4 million last week, ending eight consecutive weeks of outflows. Nexo’s Dessislava Ianeva cited Glassnode data showing daily net selling dropped from 2,000 BTC in June to 53 BTC in July. Analysts caution that the rebound is primarily driven by derivatives, with spot buying still weak. Upcoming CPI data and testimony from Fed Chair Kevin Warsh could influence market direction. Long-term investing remains a key focus as volatility subsides.

ChainThink reports that on July 14, according to Coindesk, several market analysts believe that months of panic selling in Bitcoin may be nearing an end, as marginal selling pressure in the market is gradually drying up.

Wintermute OTC trader Jasper De Maere said that despite recent escalations in U.S.-Iran tensions and heightened concerns over the Strait of Hormuz, Bitcoin has held above $62,000, indicating that most prior weak-hand selling has been cleared out.

Last week, U.S. spot Bitcoin ETFs recorded a net inflow of $197.4 million, ending eight consecutive weeks of net outflows.

Nexo analyst Dessislava Ianeva, citing Glassnode data, said that the daily net sell-off in the Bitcoin spot market averaged about 2,000 BTC in June, dropping to approximately 53 BTC in July—the quietest month since 2026.

However, analysts caution that the current Bitcoin rebound is primarily driven by the derivatives market, while spot buying remains relatively weak. U.S. June CPI data and testimony from Federal Reserve Chair Kevin Warsh to Congress, both due this week, could still influence market movements.

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