Is Bitcoin's Sell-Off Finally Running Out of Steam?
Sell-side pressure on Bitcoin is easing after a major drawdown, with analysts pointing to increased demand from large buyers, a balance between aggressive buying and selling, and more promising on-chain metrics. The pace of price decline has slowed, but a clear trend reversal has yet to emerge. Bitcoin is currently trading around $69,600, over 44% below its October all-time high. Market challenges persist, including tight liquidity, policy uncertainty, weak ETF/institutional flows, and evolving regulatory frameworks. On-chain data shows whale accumulation during the drop, typically a stabilizing force as these large buyers absorb selling pressure. Currently, only 55% of Bitcoin supply is in profit, meaning most holders are at a loss, a situation often linked to supply accumulation and reduced sell pressure. Despite optimistic signs, analysts warn that institutional demand is now the market’s primary mover, so any recovery depends on renewed institutional engagement and easing global financial stress. Market stabilization remains tentative under persistent macroeconomic strains.
