BTC sellers sensitive to macro factors have left market, says analyst

Bitcoin sellers who are sensitive to macroeconomic uncertainty have already exited the market, weakening selling pressure, Split Research founder Zaheer Ebtikar told CoinDesk in an interview. "The supply glut has been resolved, and those who were anxious about macroeconomic changes or quantum technology concerns have already left the market," he explained. Ebtikar added that BTC is less sensitive to regulatory rumors or central bank policies than people might think. He noted that it is currently in a stable price range and a sudden flood of sell orders is not imminent.