BlockBeats message: On July 14, multiple market analysts believe that Bitcoin’s panic selloff, which has persisted for months, may be nearing its end, and marginal selling pressure is gradually drying up.

Wintermute over-the-counter trader Jasper De Maere said that although tensions have escalated in the US-Iran conflict and the situation in the Strait of Hormuz remains tense, Bitcoin is still holding above $62,000, indicating that the earlier selling pressure from “weak hands” 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, which further reflects that selling pressure is weakening.

Nexo analyst Dessislava Ianeva, citing Glassnode data, said that in June the Bitcoin spot market saw an average net daily sell-off of about 2,000 BTC, while in July it has fallen to roughly 53 BTC—one of the calmest months since 2026.

However, analysts also point out that the current Bitcoin rebound is mainly driven by the derivatives market, while spot buy-side demand remains relatively weak. This week’s upcoming U.S. June CPI data and Fed Chair Kevin Warsh’s testimony to Congress could still act as important catalysts influencing market direction.