English

Bitcoin Hits a Critical Level of Selling Pressure as Experts Say the Bottom Is Confirmed

Travis | 기사입력 2026/02/10 [23:47]

English

Bitcoin Hits a Critical Level of Selling Pressure as Experts Say the Bottom Is Confirmed

Travis | 입력 : 2026/02/10 [23:47]

▲ Bitcoin (BTC)

Bitcoin (BTC) has reportedly entered a phase of market stabilization as it weathers a recent wave of sharp selling pressure and shows signs that the pace of its decline is gradually slowing.

According to cryptocurrency-focused outlet Decrypt on February 10 (local time), the risk of further declines is easing as the large-scale selling seen over recent days begins to subside. Market analysts note that as selling momentum becomes exhausted, downside support levels are solidifying, which could serve as a signal of recovering investor sentiment.

Analyses from major financial institutions also support this outlook. Nikolaos Panigirtzoglou of JP Morgan stated, “The recent selling pressure in Bitcoin appears to have largely been absorbed. The market is already close to a bottom.” He added that as profit-taking by early investors has mostly been digested, price volatility is likely to decrease going forward.

Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are likewise pointing to oversold conditions for Bitcoin, suggesting the potential for a rebound. In particular, declining trading volume during the downturn is widely interpreted as a sign that selling pressure has reached a critical point and that a foundation is being laid for a short-term price recovery.

Fund flows from institutional investors are also showing positive changes. While capital outflows from certain assets are slowing, steady new inflows are helping to cushion price declines. Experts believe that the easing of these supply-demand imbalances could reaffirm Bitcoin’s long-term upward price trend.

However, a full market recovery will require stabilization in macroeconomic indicators and additional inflows of buying interest. If Bitcoin successfully defends its current support level, the market is expected to gain renewed momentum to attempt another strong rally.

Disclaimer: This article is provided for investment reference only, and no responsibility is taken for any investment losses incurred based on its contents. The information herein should be interpreted solely for informational purposes.