Bitcoin panic-selling may be ending as sellers' profit margins disappear

According to CoinDesk, the panic selling of Bitcoin appears to be stabilizing as profit margins for sellers diminish, with Bitcoin maintaining a price above $62,000 amidst geopolitical tensions. Analysts observed a shift in market dynamics, highlighted by a resurgence in spot ETF inflows after a prolonged period of outflows, suggesting that sellers are retreating. However, some caution remains as the recent price stability may largely stem from speculative trading in futures rather than a robust recovery in spot demand. Read the full story at CoinDesk . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human crypto writing — new writers keep 100% of tips and collects for their first 90 days.