Bitcoin Sell-Off Eases as Three Signals Point to Waning Pressure

Bitcoin has faced sustained downward pressure since the start of 2026, with widespread market anxiety driving investors to dump their holdings and depressing the broader cryptocurrency market. Whether selling pressure on the benchmark digital asset is easing has direct implications for market-wide capital flows and investor confidence. It is also a key indicator of whether a market bottom is forming and panic selling has begun to subside.

Glassnode data released on July 15, 2026, showed that Bitcoin's average daily selling volume fell from 2,000 coins in June to 53 in July. U.S. spot ETFs also recorded net inflows of $197.4 million in early July, ending eight consecutive weeks of outflows. Wintermute trader Jasper De Maere said Bitcoin's ability to hold steady at around $62,000 in mid-July indicated that panic-driven selling pressure was nearing exhaustion.