The direct answer: the report argues that Bitcoin panic selling may be nearing its end because BTC held above $62,000 despite geopolitical stress, U.S. spot Bitcoin ETFs recorded $197.4 million in net inflows after eight weeks of outflows, and spot market net selling reportedly fell sharply from June to July. That is constructive for BTC, but it is not a confirmed bullish signal on its own because analysts also warned that the rebound appears driven mainly by derivatives while spot buying remains relatively weak.
| 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 BYBITWhat Changed
The report’s central claim is that Bitcoin’s panic-selling phase may be close to ending. Analysts described a market where marginal sellers are becoming less forceful, not a market where risk has disappeared.
Wintermute OTC trader Jasper De Maere pointed to BTC holding above $62,000 even as U.S.-Iran tensions escalated and the Strait of Hormuz situation remained tense. In the brief, that price resilience is framed as a sign that earlier weak-hand selling may have largely cleared out.
ETF Flow Signal
One practical signal in the report is the shift in U.S. spot Bitcoin ETF flows. The brief says U.S. spot Bitcoin ETFs saw $197.4 million in net inflows last week, ending eight consecutive weeks of net outflows.
That matters because ETF flows can show whether institutional or structured demand is absorbing supply. The supplied evidence does not prove a durable trend, but it does show that the recent flow picture changed from persistent outflow to net inflow in the reported week.
Spot Selling Data
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.
This is the strongest supply-side detail in the event. If accurate, it means the market moved from meaningful daily net selling to almost neutral spot pressure. That supports the idea that marginal sell pressure is fading, but it does not automatically mean buyers are strong.
Why Caution Still Matters
The same report includes a clear warning: the current Bitcoin rebound is mainly being pushed by derivatives activity, while spot buying remains relatively weak. That distinction matters because derivatives-led moves can reverse quickly when positioning changes.
For BTC traders and long-term observers, the practical question is whether spot demand follows through. A market can look healthier when forced selling slows, but a sustainable advance usually needs real spot accumulation, not only leverage-driven momentum.
Near-Term Catalysts
The report identifies two upcoming catalysts: U.S. June CPI data and Federal Reserve Chair Kevin Warsh’s congressional testimony. Both could affect market expectations and risk appetite.
Because these catalysts were still pending in the supplied brief, the evidence limit is straightforward: the article can describe why they matter, but it cannot claim how the data or testimony will affect BTC. The market reaction remains unknown until those events are released and digested.
Practical Checks
A decision-useful read of this event should separate three checks: whether BTC continues to hold key reported levels, whether ETF inflows continue beyond one week, and whether spot demand improves rather than leaving derivatives to carry the move.
Readers comparing trading venues can use this kind of event as a checklist rather than a signal. On Bybit or any other platform, the relevant work is to review BTC exposure, margin use, stop levels, and event timing before placing a trade. The supplied Bybit partner link is BYBIT official destination and the code is 7nfg8123. This is context, not a recommendation.
Risk Disclosure
This article is based only on the supplied market brief and event details. It does not independently verify Glassnode data, ETF flow figures, the CoinDesk source article, or the Jinse Finance summary.
Crypto assets are volatile, and BTC can move sharply around geopolitical headlines, inflation data, central bank testimony, ETF flows, and derivatives positioning. Nothing here is financial advice, a guarantee of performance, or a claim that BTC will rise, fall, or hold any specific level.
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Review BYBITAffiliate link · Availability varies by region · No guaranteed outcomeQuestions readers ask
Is Bitcoin panic selling over?
The supplied brief says analysts believe Bitcoin panic selling may be close to ending, but it does not prove that selling is fully over. The evidence points to weaker marginal selling and improved ETF flows, while spot demand is still described as relatively weak.
Why is the $62,000 level mentioned?
The report says BTC stayed above $62,000 despite U.S.-Iran conflict escalation and Strait of Hormuz tension. Analysts cited this resilience as a sign that earlier weak-hand selling may have largely cleared.
What did ETF flows show?
According to the supplied brief, U.S. spot Bitcoin ETFs recorded $197.4 million in net inflows last week, ending eight consecutive weeks of net outflows. That suggests selling pressure may have eased during the reported period.
What did the Glassnode data suggest?
The brief says Nexo analyst Dessislava Ianeva cited Glassnode data showing average daily Bitcoin spot net selling fell from about 2,000 BTC in June to about 53 BTC in July. That supports the view that spot selling pressure has cooled.
Why is a derivatives-led rebound risky?
A derivatives-led rebound can depend heavily on positioning and leverage. The supplied brief warns that spot buying remains relatively weak, which means the rebound may need stronger spot demand to become more durable.
What should BTC readers watch next?
Based on the brief, readers should watch whether ETF inflows continue, whether spot buying strengthens, and how markets react to U.S. June CPI data and Kevin Warsh’s congressional testimony.