Analysts: BTC selling pressure easing, but bear market persists

While selling pressure on Bitcoin has eased, the broader bear market trend remains intact, Cointelegraph reported, citing several analysts. In a report on March 3, 10x Research noted that Bitcoin's ability to halt its decline amid risk-off sentiment signals that downward momentum is fading. Arctic Digital stated that while increased spot ETF inflows and a recovery in the Coinbase Premium are preventing a steeper fall, these are merely technical shifts rather than a bullish reversal. Similarly, the Bitrue research team attributed the recent rebound to a short squeeze driven by negative funding rates in the derivatives market. They concluded that the downtrend is still in effect, citing a lack of structural capital inflows and macroeconomic triggers.