Bitcoin Maintains Above $62,000 as Panic Selling Pressure Eases

BTC-3.06%
According to ChainCatcher, Bitcoin has maintained above $62,000 recently as panic selling pressure shows signs of abating. Weak-hand sellers appear largely depleted amid broader market headwinds, with spot crypto ETF inflows resuming and on-chain activity slowing, suggesting reduced selling pressure. However, analysts note current price stability remains primarily driven by speculative futures trading rather than robust spot demand.
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