Woofun AI data shows that Bitcoin spot market dynamics indicate a sharp reduction in selling pressure. Nexo analyst Dessislava Ianeva cited Glassnode data revealing the average daily net sell-off fell from approximately 2,000 BTC in June to roughly 53 BTC in July, marking one of the calmest periods since 2026.

Wintermute OTC trader Jasper De Maere noted that Bitcoin maintained support above $62,000 despite US-Iran tensions and Strait of Hormuz instability, suggesting previous "weak hands" have exited. US spot Bitcoin ETFs recorded $197.4 million in net inflows last week, ending eight weeks of outflows.

However, analysts warn the current rebound is primarily derivatives-driven with weak spot demand, while upcoming US June CPI data and Federal Reserve Chairman Kevin Warsh's congressional testimony remain key catalysts.