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Bitcoin selling pressure shows signs of exhaustion
Bitcoin (BTC) selling appears to be slowing, offering the market a breathing space after weeks of range-bound action. Crypto analyst Willy Woo has suggested that investor-driven liquidation has largely run its course, opening a window for sideways consolidation rather than an immediate recovery to new highs. For traders and long-term holders, this signals a shift from panic selling to a period of digestion and sentiment repair.
Why analysts see a consolidation phase
Over the past three weeks Bitcoin traded mostly between $60,000 and $70,000. With spot and futures liquidity deteriorating across markets, many experts caution that a rapid V-shaped rebound is unlikely. Instead, expect several weeks — possibly months — of range-bound action as the market absorbs leftover selling pressure and waits for a clear catalyst such as sustained spot ETF inflows or a macro risk-on environment.

The Bitcoin Flow Model suggests that selling pressure has eased.
Where price could trade next
Willy Woo estimates that the price may have a one-month reprieve to consolidate sideways, and that there’s an outside chance of a short-lived bounce toward the mid-$70,000s that could get rejected. His outlook places the potential end of the current bearish trend around the fourth quarter, with more durable bullish momentum possibly returning in Q1–Q2 2027. Analysts stress that this timeline depends heavily on macro conditions and liquidity restoration in both spot and derivatives markets.
Key support levels to watch
Should global macroeconomic stress intensify, analysts warn of deeper downside. A fallback to around $30,000 is commonly cited as a primary support level, while $16,000 is discussed as the long-term line in the sand to preserve a secular bull market. These scenarios remain contingent on large-scale macro disruption; absent that, sideways consolidation looks far more likely.
Analyst commentary: from selling exhaustion to a ‘classic spring’
Bitwise CIO Matt Hougan echoed the view that much of the downward pressure came from long-term holders reducing exposure for a variety of reasons, including four-year cycle dynamics and sector rotation. He and other analysts believe most of that selling is now behind us, and that the market is in the process of bottoming. Pessimistic narratives such as manipulation claims have been challenged by analysts who point to broad-based selling instead.
Why liquidity and ETFs matter
Market participants are keeping a close eye on spot ETF flows. While improvements in ETF inflows can help arrest selling and provide upward pressure, they have not yet produced decisive breakouts. Experts warn that both spot and futures liquidity are currently tepid, and historically Bitcoin has struggled to sustain rallies when liquidity sources are simultaneously weak. A coordinated improvement in macro sentiment and steady spot ETF demand would be the likeliest catalyst to exit the sideways phase.
Outlook for traders and investors
For traders, the immediate strategy may involve preparing for repeated tests of the $62,000–$65,000 support zone and range-bound trading within $60,000–$70,000. Long-term investors should use this consolidation window to assess risk allocation and consider dollar-cost averaging instead of attempting to time a recovery. Overall, the market appears to be moving from a phase of active selling into a prolonged consolidation, which historically precedes renewed trends once liquidity and sentiment recover.
Source: cointelegraph
Comments
Reza
Pretty balanced take, makes sense to DCA and wait. Traders will prob test 62–65k a few times, boring but healthy. Odds look skewed to sideways into Q4
coinpilot
Is this even true? Feels like everyone keeps saying selling exhausted but liquidity is still thin, so a fakeout bounce could happen. Need real ETF flows to believe it
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