Panic sales in the crypto market show a decline, although Bitcoin prices continue to plummet. The latest data indicates that the inverted premium on Coinbase has decreased. This suggests that panic selling of Bitcoin on the Coinbase exchange is starting to wane, opening up the possibility of a trend reversal. Although the crypto market is currently in a negative state, there is hope that Bitcoin can regain strength. On-chain analysts are observing this potential recovery as a positive signal for investors who remain optimistic about Bitcoin's future.