The direct read is that Bitcoin’s panic-selling phase may be close to exhaustion, not that a durable rally is guaranteed. Analysts pointed to Bitcoin holding above $62,000, renewed U.S. spot Bitcoin ETF inflows, and a sharp drop in average daily spot-market net selling from June to July as signs that marginal sell pressure is fading. The main caveat is that current upside appears to rely more on derivatives than strong spot demand.
| Primary source | Jinse Finance |
|---|---|
| Reported at | 2026-07-13T16:22:36.000Z |
| Topic | BTC |
| Evidence limit | Reported facts are separated from interpretation; current prices and platform terms require independent verification. |
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The report’s central point is narrow: Bitcoin panic selling may be close to ending because the pool of marginal sellers appears to be drying up. That is different from saying Bitcoin has entered a confirmed uptrend.
Wintermute OTC trader Jasper De Maere noted that Bitcoin stayed above $62,000 even as U.S.-Iran conflict concerns escalated and attention turned to the Strait of Hormuz. In the brief, that price stability is framed as evidence that earlier weak-hand selling has largely cleared.
Evidence Behind the Claim
The clearest flow signal in the brief is the shift in U.S. spot Bitcoin ETF activity. The report says those ETFs recorded $197.4 million in net inflows last week, ending eight consecutive weeks of net outflows.
The spot-market selling data also points in the same direction. Nexo analyst Dessislava Ianeva cited Glassnode data showing that Bitcoin spot-market average daily net selling was about 2,000 BTC in June, then fell to about 53 BTC in July. The brief describes July as one of the calmest months of 2026 so far.
What It Does Not Prove
This evidence does not prove that Bitcoin demand has fully recovered. The same analyst commentary warns that the rebound is mainly being driven by derivatives markets, while spot buying remains relatively weak.
That distinction matters because derivative-led rebounds can move quickly, but they may be less stable if spot demand does not confirm the move. A practical interpretation is that forced or emotional selling may be easing before a broad cash-market bid has clearly returned.
Catalysts To Watch
The next relevant checks named in the brief are U.S. June CPI data and Federal Reserve Chair Kevin Warsh’s congressional testimony. Either could become a market catalyst if traders reassess inflation, rates, liquidity, or risk appetite.
For Bitcoin traders, the practical question is not only whether price holds above recent levels. It is whether ETF inflows continue, spot net selling stays muted, and spot buying improves enough to support a move that is not mainly derivatives-led.
Practical Checks For Traders
A decision-useful checklist starts with flows. Watch whether U.S. spot Bitcoin ETFs continue to show net inflows after the reported $197.4 million week, and whether the end of the eight-week outflow streak becomes a trend or a one-off reversal.
Next, watch spot-market behavior. If average daily net selling stays close to the July level cited in the brief rather than returning toward June’s roughly 2,000 BTC pace, that would support the idea that marginal sell pressure has faded. If spot demand remains weak, the signal is less complete.
Risk Disclosure And Backpack Context
This article is analysis based only on the supplied Jinse Finance brief and does not provide financial advice. Bitcoin remains sensitive to macro data, geopolitical headlines, ETF flows, liquidity, and leverage conditions. The supplied evidence supports a reduced-sell-pressure thesis, not a guaranteed outcome.
For readers who trade actively, Backpack can be considered as one venue for checking markets and execution context. The supplied CTA is Backpack referral code 7nfg8123 at BACKPACK official destination. Any platform choice should be based on your own eligibility, risk controls, fees, jurisdiction, and custody preferences.
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Review BACKPACKAffiliate link · Availability varies by region · No guaranteed outcomeQuestions readers ask
Are analysts saying Bitcoin panic selling is over?
They are saying it may be close to ending. The brief says multiple analysts believe Bitcoin’s months-long panic selling may be near exhaustion because marginal sell pressure is gradually drying up.
Why is Bitcoin holding above $62,000 important in this report?
Wintermute OTC trader Jasper De Maere treats Bitcoin holding above $62,000 during recent U.S.-Iran and Strait of Hormuz tension as a sign that earlier weak-hand selling has largely cleared.
What changed in U.S. spot Bitcoin ETF flows?
The brief says U.S. spot Bitcoin ETFs recorded $197.4 million in net inflows last week, ending eight consecutive weeks of net outflows. That is presented as evidence that selling pressure is weakening.
What does the Glassnode data cited in the brief show?
Nexo analyst Dessislava Ianeva cited Glassnode data showing Bitcoin spot-market average daily net selling of about 2,000 BTC in June, falling to about 53 BTC in July.
What is the main risk to the bullish interpretation?
The main risk is that the rebound is described as mostly derivatives-driven while spot buying remains relatively weak. That makes confirmation from spot demand important.
What upcoming events could affect Bitcoin next?
The brief identifies U.S. June CPI data and Federal Reserve Chair Kevin Warsh’s congressional testimony as possible catalysts for market direction.