BTC holds up under selling pressure, but structure remains fragile

CoinNess analyst Mignolet said investor confidence is rising quickly as BTC has avoided a sharp breakdown despite selling by Strategy, but the market’s underlying structure still appears fragile. Mignolet said a market pattern first outlined in early July is becoming clearer. Despite Strategy’s selling, BTC has held up better than expected, and as prices have not collapsed over time, more investors appear to believe the market can absorb selling volume. After a prolonged decline, BTC has also shown limited sensitivity to additional negative factors, helping create a view that the market is becoming less reactive to bad news. Mignolet added that signals supporting investor sentiment and constructive technical chart patterns are reinforcing that conviction. If those signals continue to be confirmed over time, investor confidence could strengthen further, Mignolet said. Even so, the analyst said the broader view of the market remains unchanged: while BTC has withstood negative developments and selling pressure on the surface, the market itself still looks vulnerable.