Bitcoin Enduring Even as Macro Shakes: Have All Who Would Leave Already Left? Selling Pressure Exhausted | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk Digital Asset Editor-in-Chief

Bitcoin Enduring Even as Macro Shakes' Have All Who Would Leave Already Left? Selling Pressure Exhausted | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk Digital Asset Editor-in-Chief [Crypto PLUS]
Watch on YouTube ↗  |  July 20, 2026 at 03:26  |  22:06  |  3PRO TV (삼프로TV)
Speakers
Park Sang-yeop — Team Lead

Summary

Digital Asset Editor-in-Chief Park Sang-yeop analyzes Bitcoin's resilience around $64,000 amid a shaky macro environment. He highlights improving ETF flows, record long-term holder accumulation, and selling exhaustion as bullish supply-demand signals, while acknowledging political gridlock on US crypto legislation and geopolitical oil-price risks. Institutional moves by banks like Bank of America further support a positive long-term outlook for Bitcoin.

  • Bitcoin holds $64K support despite negative macro and regulatory news.
  • US Bitcoin spot ETF sees small but positive net inflows for two consecutive weeks.
  • Long-term Bitcoin holder supply reaches all-time high, historically a bullish bottom signal.
  • Selling pressure appears exhausted as weak hands already left in Q1-Q2.
  • Bank of America appoints a digital asset platform chief, signaling institutional push.
  • US-Iran tensions drive oil prices higher, creating inflation risks for risk assets.
  • US crypto Clarity Bill faces political impasse, with passage odds hitting record lows.
  • Strategy (MSTR) price action does not yet confirm aggressive Bitcoin buying.
Ideas
Park Sang-yeop Team Lead 0:19
Sellers exhausted, Bitcoin resilient, inflows return.
Bitcoin is showing relative strength despite negative macro and regulatory news because the selling pressure has already been exhausted in Q1-Q2. US Bitcoin spot ETF flows have turned to net inflows for two consecutive weeks, though small, marking an improvement from record outflows in June. Long-term holder supply has hit an all-time high, historically a bullish signal that the market is bottoming. On the regulatory front, the Clarity Bill faces political gridlock and expectations have fallen sharply, yet Bitcoin holds the $64,000 level, suggesting the market has already priced in the bad news. Additional support comes from traditional financial institutions like Bank of America making strategic hires for digital assets, indicating long-term fundamental demand. Altogether, the supply-demand dynamics and resilient price action point to a bullish outlook for Bitcoin.
BTC HIGH
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This 3PRO TV (삼프로TV) video, published July 20, 2026, features Park Sang-yeop discussing BTC. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Park Sang-yeop  · Tickers: BTC