BlockBeats News, July 14th, several market analysts believe that Bitcoin's months-long panic selling may be coming to an end, with the market's marginal selling pressure gradually diminishing.

Wintermute OTC trader Jasper De Maere stated that despite the recent escalation of US-Iran tensions and the tense situation in the Strait of Hormuz, Bitcoin has remained above $62,000, indicating that the previous "weak hands" selling pressure has largely cleared. Additionally, the US spot Bitcoin ETF recorded a net inflow of $197.4 million last week, ending eight consecutive weeks of net outflows, further reflecting a weakening selling pressure.

Nexo analyst Dessislava Ianeva, citing Glassnode data, pointed out that the average daily net sell-off in the Bitcoin spot market in June was about 2,000 BTC, which has dropped to around 53 BTC in July, making it one of the calmest months since 2026.

However, analysts also warned that the current Bitcoin rebound is mainly driven by the derivatives market, with spot buying pressure still relatively weak. This week's release of the US June CPI data and Federal Reserve Chairman Kevin Warsh's congressional testimony may still be significant catalysts affecting market trends.