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Analyst: Bitcoin—Panic Selling May Be Nearing an End
Svmuu News Bitcoin Despite an overall weak market and escalating tensions between the U.S. and Iran, the price has remained above $62,000, suggesting that “weak-handed” sellers may have been exhausted recently. The return of capital inflows into spot crypto ETFs and a slowdown in spot market activity also indicate that selling pressure has eased.Some analysts caution that the recent price stability is still primarily driven by speculative futures trading rather than strong spot demand. (CoinDesk).
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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