BTC panic selling appears to be over, analyst says

The panic selling that has pressured the cryptocurrency market for months is showing signs of ending, according to an analysis. CoinDesk reported that Wintermute analyst Jasper De Maere noted Bitcoin's price remained stable over the weekend amid rising tensions between the U.S. and Iran. This contrasts with March and April, when similar tensions and a surge in oil prices led to a drop in Bitcoin's price. De Maere explained that investors known as "weak hands," who are easily shaken by price volatility, appear to have exited the market. He also highlighted that an eight-week streak of ETF outflows has paused. While this may be temporary rather than a full trend reversal, he suggested it signals the disappearance of marginal sellers—those who would leave the market at lower prices. Once these sellers are gone, he added, there will be no more supply looking to sell at the current price level.