Analysis: BTC may be approaching a near-term bottom, Strategy sell-off does not trigger excessive market panic

CoinFeed July 11 news, Bitfinex Alpha's latest report points out that Strategy recently made its first large-scale Bitcoin sale, but the market showed strong resilience and did not experience significant selling pressure, with the July trend remaining positive so far. Currently, about 10.83 million BTC is in an unrealized loss state, while about 9.22 million BTC remains in profit. The market cannot yet fully determine whether investors have digested recent capital flow changes, but spot trading volumes do not fully reflect the impact of the previous large-scale capital outflows, indicating that the market may be approaching a bottom formation phase. As ETF asset allocation changes and capital flows turn positive again, the Bitcoin market in July may face new variables. With long-term holders and some whales re-accumulating, Bitcoin is shifting from low-conviction holders to higher-conviction investors, and the next 2 to 3 months could be an important window for confirming the near-term bottom.