Bitcoin panic selling may be close to ending because the supplied brief shows several signs of seller exhaustion: BTC held above $62,000 despite geopolitical stress, U.S. spot Bitcoin ETFs recorded $197.4 million of net inflows after eight straight weeks of outflows, and Glassnode data cited in the brief shows average daily BTC spot net selling falling from about 2,000 BTC in June to about 53 BTC in July. That is useful evidence, but it is not enough to claim a durable trend reversal. Readers should watch whether spot demand strengthens, whether ETF inflows persist, and how BTC reacts to the U.S. June CPI release and the congressional testimony flagged in the brief.
| Primary source | BlockBeats |
|---|---|
| Reported at | 2026-07-13T16:07:05.000Z |
| Topic | BTC |
| Evidence limit | Reported facts are separated from interpretation; current prices and platform terms require independent verification. |
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The brief supports a cautious answer: Bitcoin selling pressure may be easing, but the market has not yet shown enough spot demand to call the move a confirmed recovery. The phrase “panic selling may be near an end” should be read as a pressure-change signal, not as a price guarantee.
The key distinction is between fewer forced sellers and stronger organic buyers. The supplied event gives evidence for the first condition. It explicitly warns that the second condition, spot buying strength, is still relatively weak.
What Changed
According to the supplied BlockBeats brief, analysts saw signs that months of panic selling in Bitcoin may be close to exhaustion. Wintermute OTC trader Jasper De Maere linked BTC holding above $62,000 during U.S.-Iran conflict escalation and Strait of Hormuz tension to the idea that weak-hand selling had mostly cleared.
The brief also says U.S. spot Bitcoin ETFs recorded $197.4 million in net inflows last week, ending eight consecutive weeks of net outflows. That does not prove a new bull leg, but it does indicate that one recent source of selling pressure had eased in the data cited by the event.
Spot Selling Evidence
The clearest data point in the brief comes from Nexo analyst Dessislava Ianeva, who cited Glassnode data showing Bitcoin spot-market average daily net selling of about 2,000 BTC in June. In July, that figure reportedly fell to about 53 BTC.
That comparison is decision-useful because it focuses on marginal supply. When daily net selling drops sharply, the market may need less new demand to stabilize. However, lower selling is not the same as strong buying, and the brief does not provide enough evidence to say that spot demand has fully recovered.
Derivatives Caveat
The main warning in the supplied event is that the rebound is described as being driven mostly by derivatives markets. A derivatives-led move can lift price quickly, but it may be less durable if spot participation does not improve.
For a cleaner confirmation, readers should watch whether spot buyers begin to support the move, whether ETF inflows continue beyond one week, and whether BTC can hold key levels without relying mainly on leveraged positioning.
Practical Checks
A practical BTC checklist from this brief is simple: monitor whether BTC remains above the $62,000 area mentioned in the event, whether U.S. spot Bitcoin ETF flows stay positive, and whether the reported decline in spot net selling continues rather than reverting toward June levels.
The brief also flags U.S. June CPI data and congressional testimony by Federal Reserve Chair Kevin Warsh as possible catalysts. Those events matter here because macro surprises can change liquidity expectations and risk appetite, even when crypto-specific selling pressure appears to be fading.
Risk Disclosure
This guide is not financial advice and does not recommend buying, selling, or holding BTC. It explains the supplied market brief and separates the evidence from what remains unproven.
The evidence is limited to the supplied event and brief. It does not include a full order-book review, cross-exchange liquidity audit, derivatives positioning breakdown, wallet-flow analysis, or independent verification of the cited Glassnode and ETF figures.
Backpack Context
For readers comparing BTC market signals in their own workflow, the useful next step is to track the same evidence categories: spot selling, ETF flows, price resilience, derivatives influence, and macro-event reaction. No single indicator in the brief is enough on its own.
If you choose to evaluate Backpack in connection with this BTC market guide, the supplied access link is BACKPACK official destination and the supplied code is 7nfg8123. Treat that as a link and code only, not as a promise of rewards, performance, suitability, ranking, or trading results.
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Review BACKPACKAffiliate link · Availability varies by region · No guaranteed outcomeQuestions readers ask
Does this mean Bitcoin panic selling is over?
No. The supplied brief says analysts believe panic selling may be close to ending. That is a conditional market read, not confirmation that selling pressure has fully disappeared.
What is the strongest evidence in the brief?
The strongest evidence is the reported drop in average daily BTC spot net selling from about 2,000 BTC in June to about 53 BTC in July, based on Glassnode data cited in the supplied brief.
Why do U.S. spot Bitcoin ETF inflows matter here?
They matter because the brief says U.S. spot Bitcoin ETFs recorded $197.4 million in net inflows last week after eight straight weeks of net outflows. That suggests one recent source of pressure may have eased.
What is the main reason to stay cautious?
The brief says the rebound is mainly derivatives-driven while spot buying remains relatively weak. That makes the move less convincing than a rally supported by broad spot demand.
What should readers watch next?
Readers should watch whether BTC holds above the $62,000 area mentioned in the brief, whether ETF inflows persist, whether spot buying improves, and how the market reacts to the U.S. June CPI data and the congressional testimony flagged in the event.