Bitcoin held steady above $62,000 despite U.S.-Iran tensions, and analysts say the flood of panic sellers may finally be drying up.
Image source: CoinDesk
After a rough year for Bitcoin, there's finally some good news for nervous holders: the wave of panic selling that's been dragging prices down for months might be coming to an end.
What's happening?
Bitcoin (BTC — the world's largest and most popular cryptocurrency) has fallen about 28% so far this year, currently trading around $62,579. But recently, it has stopped dropping and held its ground — even when it normally would have fallen.
Sign #1: Bitcoin stayed calm during scary news
Over a recent weekend, tensions between the U.S. and Iran escalated sharply, including U.S. airstrikes and threats to close a key oil shipping route. Normally, this kind of frightening news pushes investors to sell risky assets like Bitcoin. But this time, Bitcoin "barely flinched" and stayed above $62,000.
Analyst Jasper De Maere from trading firm Wintermute put it simply: "The weak hands look gone." ("Weak hands" means nervous investors who quickly sell when prices drop or news gets scary.)
Sign #2: Money is flowing back into Bitcoin funds
Last week, U.S. spot Bitcoin ETFs saw money coming in again. Here are the key numbers:
Why does this matter?
When the last of the eager sellers finish selling (analysts call this the "marginal seller"), there's nobody left to push prices down. That can create the conditions for prices to stabilize or rise.
A word of caution
Some analysts warn that today's price stability may be driven mostly by speculative futures trading (bets on future prices) rather than genuine, steady buying. So while the signs are encouraging, it's not yet a guarantee that the worst is over.
This is an AI-generated summary. Read the original article at: https://www.coindesk.com/markets/2026/07/13/bitcoin-panic-selling-may-be-ending-as-sellers-profit-margins-disappear