Analyst: The panic selling of Bitcoin may be nearing its end

Bitcoin remains above $62,000 amidst a general market weakness and rising tensions between the United States and Iran, indicating that recent "weak-handed" sellers may have been exhausted.

The reflow of funds into spot crypto ETFs and the slowdown in spot market activity also show a reduction in selling pressure. Some analysts caution that the latest price stability is still primarily driven by speculative futures trading rather than strong spot demand.