Bitcoin Panic Selling Ends as ETF Flows Surge and Profit Margins Vanish

Bitcoin's year-to-date slump of 28% ($62,483) shows signs of stabilization, with weekend price resilience amid escalating U.S.-Iran tensions and crude price spikes signaling a potential end to panic selling. Wintermute's Jasper De Maere noted BTC held $62k through U.S. airstrikes and Hormuz closure, indicating weak hands have exited the market.

Spot Bitcoin ETFs reversed an eight-week outflow streak, attracting $197.4 million in net inflows. Analyst Dessislava Ianeva highlighted ETF flows turning positive over the past ten days, while Glassnode data revealed June's daily net selling of ~2,000 BTC dropped to just 53 BTC in July, the calmest month since April.

However, recovery remains driven by derivatives traders, not spot buyers. FxPro's Alex Kuptsikevich warned that without robust buy-side liquidity, prices may stagnate. Upcoming U.S. CPI data and Fed Chair Kevin Warsh's congressional testimony could disrupt the recovery trajectory.

■Weekend price stability amid geopolitical shocks underscores resilience.

■Spot ETFs broke eight-week outflow trend with $197.4 million inflows.

■Glassnode: June daily selling (2,000 BTC) vs. July (53 BTC) signals fading pressure.

■Derivatives-driven demand lacks spot market conviction.

Market consolidation may persist until spot liquidity returns. Derivatives activity could cap upside without macroeconomic clarity. ETF flows offer short-term signals, but long-term trends hinge on rate decisions and risk appetite.