The direct takeaway is that liquidity conditions improved slightly, but risk appetite did not broaden evenly. Stablecoin supply returned to positive growth, while perpetual trading activity kept weakening. For BTC and ETH watchers, this points to a market where available cash may be rebuilding, but leveraged trading demand still looks cautious.
| Primary source | Jinse Finance |
|---|---|
| Reported at | 2026-07-13T15:51:43.000Z |
| 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 Last Week
The report’s clearest signal was the return of stablecoin supply growth. Total stablecoin supply increased by about $121 million during the week, reversing from negative to positive growth.
That matters because stablecoins often sit close to trading activity. More supply can mean more available settlement liquidity, but the supplied data does not prove that the new supply entered BTC, ETH, or any specific trading strategy.
Spot Activity Improved Slightly
DEX spot trading volume rose modestly in the same weekly window. This suggests some recovery in direct token exchange activity, although the brief does not provide the exact DEX volume figure or the assets driving the rebound.
A small spot-volume recovery is more useful when read beside other measures. In this case, it sits next to slowing perpetual trading volume, so the better interpretation is mixed participation rather than broad market acceleration.
Perpetual Volume Kept Slowing
Perpetual contract trading volume continued to weaken. That is important because perpetual markets often reflect leveraged positioning and short-term risk appetite.
The report does not say whether the slowdown came from BTC, ETH, or other assets. It also does not identify whether traders were reducing long exposure, short exposure, or total leverage. The safer conclusion is that leveraged trading activity remained softer during the week.
BTC Treasury Activity Was Uneven
The brief says seven companies reduced a combined 909.3 BTC, worth about $56.96 million. That is a concrete BTC supply-flow detail, but it should not be overread as a market-wide institutional trend from this single weekly report.
Strategy, specifically, did not buy or sell BTC for one consecutive week. That lack of activity is still a data point: one closely watched corporate BTC holder was inactive during the same period when other companies collectively reduced BTC holdings.
ETH Accumulation Detail
Bitmine continued to add ETH, increasing holdings by 27,801 ETH worth about $49.12 million. In this supplied report, ETH accumulation appears as a separate company-specific action rather than a broad ETH market claim.
That distinction matters. The brief supports saying Bitmine bought ETH; it does not support saying companies broadly rotated from BTC into ETH, or that ETH demand across the market increased.
How To Read This As Market Context
A practical reading is to separate liquidity, spot demand, leverage, and treasury flows. Stablecoin supply growth points to more available crypto liquidity. Slightly higher DEX spot volume points to some activity recovery. Slower perpetual volume points to weaker leveraged participation.
Those signals do not all point in the same direction. For readers comparing BTC and ETH exposure, the report supports a cautious checklist approach: watch whether stablecoin supply growth continues, whether spot volume expands beyond a mild rebound, and whether perpetual volume stabilizes.
Evidence Limits
This article relies only on the supplied Jinse Finance brief describing Lookonchain’s July 6 to July 12 on-chain weekly report. It does not independently verify the original X post, company wallet labels, exchange flows, or live market prices.
The brief also does not provide exact DEX spot volume, perpetual volume, stablecoin composition, chain-level breakdown, or the names of the seven BTC-selling companies. Those missing details limit how far the analysis can go.
Practical Checks Before Acting
Before treating this as a BTC or ETH signal, compare it with current price action, order-book liquidity, funding rates, spot volume by venue, and updated stablecoin supply data. A weekly snapshot can become stale quickly in crypto markets.
Anyone using Binance or another exchange should also check fees, liquidity, risk controls, and local eligibility before trading. A Binance account referral or invite code can be relevant for onboarding, but it does not change the risk of BTC, ETH, or perpetual contracts.
Risk Disclosure
BTC, ETH, stablecoins, spot markets, and perpetual contracts carry material risk. Perpetual contracts add leverage and liquidation risk. Stablecoin supply growth does not guarantee market upside, and corporate buying or selling does not guarantee price direction.
This article is informational market commentary based on the supplied event brief. It is not financial advice, investment advice, or a recommendation to buy, sell, hold, or use leverage.
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Review BINANCEAffiliate link · Availability varies by region · No guaranteed outcomeQuestions readers ask
What was the main Binance news angle from this report?
The main market angle was that stablecoin supply returned to growth while perpetual contract trading volume continued to slow. That combination suggests liquidity improved, but leveraged trading activity remained cautious.
How much did stablecoin supply increase last week?
According to the supplied brief, total stablecoin supply increased by about $121 million during the week of July 6 to July 12, shifting from negative growth to positive growth.
What happened with BTC holdings in the report?
The brief says seven companies reduced a combined 909.3 BTC, worth about $56.96 million. It also says Strategy did not buy or sell BTC for one consecutive week.
What happened with ETH holdings in the report?
Bitmine continued to increase its ETH holdings, adding 27,801 ETH worth about $49.12 million, according to the supplied brief.
Does slower perpetual volume mean BTC or ETH will fall?
No. Slower perpetual volume shows weaker activity in leveraged trading, but it does not predict price direction by itself. It should be checked against price, spot volume, liquidity, funding, and newer market data.
Is this enough information to make a trade?
No. The brief is useful context, but it is not a complete trading basis. It lacks detailed volume figures, chain-level breakdowns, current prices, and confirmation of how market participants reacted after the report window.