Bitcoin's selling pressure has eased as the cryptocurrency surpasses $70,000, according to a recent analysis by Glassnode. The report highlights that the outflow trend from Bitcoin spot ETFs has stabilized, with a 14-day net inflow trend turning positive. This suggests a reduction in selling pressure. While institutional demand remains in an exploratory phase, early signs of renewed accumulation are emerging. The analysis indicates that although institutions are still tentative, the stabilization of fund outflows and the upward trend in net inflows could signal growing interest in Bitcoin at its current price levels.