The crypto market could bounce back this month after a rocky June, with stablecoin outflow from exchanges showing slowing selling pressure.
The crypto markets could be set for a “relief rally” after a market rollercoaster in June, with some analysts suggesting selling pressure on exchanges has tapered off.
“Looking at July’s outlook, there is major reason to be optimistic after so much small trader capitulation,” crypto intelligence platform Santiment posted to X on July 2.
It added negative market sentiment and trader losses mean “a relief rally may just be beginning.”
