The direct read is that Bitcoin panic selling may be close to exhaustion, according to the supplied analyst brief. The strongest evidence is BTC holding above $62,000, U.S. spot Bitcoin ETFs recording $197.4 million in net inflows last week after eight straight weeks of net outflows, and Glassnode-cited spot net selling falling from about 2,000 BTC per day in June to about 53 BTC per day in July. The limit is equally important: the brief says the rebound is mainly derivatives-driven while spot buying remains relatively weak, so this is not financial advice or a buy signal.
| 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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Review BINANCEWhat Changed in the BTC Setup
The brief reports that several market analysts believe Bitcoin's months-long panic selling may be near its end. Their view is based on weakening marginal sell pressure rather than a claim that a new rally is guaranteed.
Wintermute OTC trader Jasper De Maere is cited as saying that Bitcoin stayed above $62,000 despite escalation in the U.S.-Iran conflict and tension around the Strait of Hormuz. In the brief's interpretation, that suggests earlier weak-hand selling has largely been cleared out.
The Evidence Behind the Analyst View
The ETF flow shift is one of the cleaner signals in the supplied material. U.S. spot Bitcoin ETFs recorded $197.4 million in net inflows last week, ending eight straight weeks of net outflows. That does not prove demand is strong, but it does show that the previous outflow pressure eased during the period described.
The spot-market selling data is another key point. Nexo analyst Dessislava Ianeva, citing Glassnode data, said Bitcoin spot-market net selling averaged about 2,000 BTC per day in June, then dropped to about 53 BTC per day in July, one of the quietest months of 2026 so far according to the brief.
Why This Is Not a Clean Bullish Signal
The supplied brief also warns that the current Bitcoin rebound is mainly being driven by derivatives markets. That matters because derivatives-led moves can fade quickly if spot buyers do not follow through.
Spot demand is described as relatively weak. For decision-making, that means traders should separate reduced selling pressure from confirmed broad demand. Those are related, but they are not the same condition.
Practical Checks for Binance Users
If you track BTC on Binance, use the brief as a risk checklist rather than a trade instruction. The key checks are whether BTC continues to hold major levels, whether spot participation improves, and whether ETF flows remain constructive after the latest inflow week.
A practical approach is to compare spot behavior with derivatives-driven momentum. If price rises while spot demand stays weak, the move may be more sensitive to leverage, liquidation flows, and macro headlines. This article does not provide financial advice.
Macro Catalysts to Watch
The brief names two near-term catalysts: U.S. June CPI data and congressional testimony from Federal Reserve chair Kevin Warsh. Either could affect market expectations and short-term BTC positioning.
Because the article's source material does not provide forecasts for CPI, policy decisions, or BTC price targets, the responsible conclusion is limited: macro events may affect volatility, but no outcome is established by the supplied brief.
Evidence Limits and Risk Disclosure
This analysis uses only the supplied event brief and its cited source context. It does not independently verify Glassnode data, ETF flow data, market depth, order books, or the CoinDesk source page.
Crypto markets remain volatile. Lower selling pressure can reduce one headwind, but it does not remove downside risk, liquidity risk, leverage risk, or event risk. Traders should treat analyst commentary as one input, not as a guarantee of direction.
Natural Next Step
Readers who already plan to trade or monitor BTC can use Binance as one venue for checking price action and market context. The supplied referral URL is BINANCE official destination and the supplied code is 7nfg8123.
The commercial context should stay secondary to the market read: the useful action is to verify current BTC conditions, understand the risk, and avoid treating one analyst theme as a complete trading plan.
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Review BINANCEAffiliate link · Availability varies by region · No guaranteed outcomeQuestions readers ask
Are analysts saying Bitcoin panic selling is over?
The supplied brief says analysts believe Bitcoin panic selling may be near its end. It does not say selling is definitively over or that BTC must rise from here.
What evidence supports the view that BTC sell pressure is fading?
The brief cites BTC holding above $62,000, U.S. spot Bitcoin ETFs seeing $197.4 million in net inflows last week, and spot net selling falling from about 2,000 BTC per day in June to about 53 BTC per day in July.
Why does weak spot demand matter?
Weak spot demand matters because the brief says the rebound is mainly derivatives-driven. A derivatives-led move can be more fragile if spot buyers do not confirm the trend.
What upcoming events could affect Bitcoin next?
The brief names U.S. June CPI data and Kevin Warsh's congressional testimony as potential catalysts for market direction.
Is this a recommendation to buy BTC on Binance?
No. This is not financial advice and not a buy or sell recommendation. For Binance users, the article is a checklist for reading the BTC setup and its risks.