According to the supplied July 13 report, total stablecoin supply increased by about $121 million during July 6 to July 12, turning from negative to positive growth. DEX spot trading volume rose slightly, while perpetual futures trading volume continued to slow. The same report said seven companies reduced holdings by 909.3 BTC, worth about $56.96 million, Strategy made no BTC purchase or sale for the week, and Bitmine added 27,801 ETH, worth about $49.12 million.
| 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 BYBITMarket Read
The direct market read is mixed. The report gives one positive liquidity datapoint, one modest spot-market improvement, and one continued derivatives slowdown. That combination can matter because stablecoin supply, spot volume, and perpetual futures volume often describe different parts of market behavior.
A $121 million increase in stablecoin supply during the week shows a return to positive growth in the reported period. The supplied material does not explain which stablecoins drove the change, whether the increase came from new demand, treasury management, exchange flows, or issuer-side changes. That limit matters because the same headline number can come from different causes.
The small rebound in DEX spot trading volume suggests some improvement in on-chain spot activity. At the same time, perpetual futures volume continuing to slow suggests traders were not expanding derivatives activity in the same way. That gap makes the report more useful as a cautionary market snapshot than as a simple bullish or bearish conclusion.
BTC Context
For BTC, the report highlights corporate selling and corporate inactivity rather than broad accumulation. Seven companies reduced a combined 909.3 BTC, valued at about $56.96 million in the supplied brief. Strategy, by contrast, did not add to or reduce BTC during the same week.
That mix should be read carefully. A weekly reduction by seven companies can signal portfolio adjustment, risk management, liquidity needs, or treasury rebalancing, but the supplied source does not identify the companies, their motives, or their prior holdings. Without those details, the safer conclusion is limited: the week included measurable corporate BTC reduction, while Strategy stayed flat.
For traders following Bybit news around BTC, the useful check is whether spot behavior, derivatives activity, and treasury actions point in the same direction. In this report they do not fully align. Stablecoin supply improved, spot DEX volume edged up, perpetual volume slowed, and BTC treasury behavior was mixed.
ETH Context
For ETH, the supplied brief focuses on Bitmine continuing to add 27,801 ETH, valued at about $49.12 million. This is the clearest ETH-specific treasury action in the report, but it should not be stretched beyond what the brief says.
The reported ETH accumulation may be relevant for readers comparing BTC and ETH treasury behavior during the week. BTC saw reductions across seven companies and no Strategy change, while ETH saw continued Bitmine accumulation. The brief does not state whether this reflects a broader institutional preference for ETH, so that broader claim should not be made.
A practical ETH check is to compare this treasury action with market participation indicators. The brief gives DEX spot volume and perpetual futures volume at a market level, but it does not split those figures by BTC, ETH, or other assets. That makes asset-specific trading conclusions limited.
Trading Checks
A disciplined reader can use the report as a checklist rather than a prediction. First, separate liquidity from trading intensity: stablecoin supply returned to growth, but perpetual futures volume still slowed. Second, separate spot activity from leverage activity: DEX spot volume rose slightly while perpetual activity weakened. Third, separate treasury actions by asset: BTC and ETH had different reported corporate behaviors.
Risk control matters more when signals conflict. Slower perpetual futures volume may imply less appetite for leveraged trading, but the brief does not say whether open interest, funding rates, liquidations, or exchange balances changed. Without those inputs, leverage decisions should not be based on this report alone.
For users evaluating a trading venue, the commercial context is straightforward: Bybit can be used to monitor BTC and ETH markets, compare spot and derivatives conditions, and execute only if a personal risk plan already supports the trade. The partner link and code supplied with this brief are promotional context, not evidence of better pricing, rewards, rankings, or outcomes.
Evidence Limits
The article relies only on the supplied event and brief. The core source cited in the brief is a July 13 report referencing Lookonchain’s July 6 to July 12 on-chain weekly report, as reported by Jinse Finance. No additional web verification, price feed, exchange data, company filing, or official corporate disclosure is used here.
Because the brief is limited, this article does not claim why stablecoin supply increased, why perpetual futures volume slowed, why the seven companies reduced BTC, or why Bitmine continued adding ETH. It also does not claim that the reported activity caused any price move.
The numbers should be treated as report-specific context: about $121 million of stablecoin supply growth, 909.3 BTC reduced by seven companies at about $56.96 million, and 27,801 ETH added by Bitmine at about $49.12 million. Any decision that depends on live prices, liquidity, funding, or execution should use current market data before action.
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Review BYBITAffiliate link · Availability varies by region · No guaranteed outcomeQuestions readers ask
What happened to stablecoin supply in the reported week?
The supplied report says total stablecoin supply increased by about $121 million from July 6 to July 12, turning from negative to positive growth.
Did DEX spot volume and perpetual futures volume move the same way?
No. The brief says DEX spot trading volume rose slightly, while perpetual futures trading volume continued to slow.
What was reported for BTC treasury activity?
The brief says seven companies reduced holdings by a combined 909.3 BTC, worth about $56.96 million. It also says Strategy did not buy or sell BTC during the week.
What was reported for ETH treasury activity?
The brief says Bitmine continued to add 27,801 ETH, valued at about $49.12 million.
Is this a trading recommendation?
No. This is market context based only on the supplied brief. It is not financial advice and does not recommend buying, selling, holding, or using leverage.
How should Bybit users apply this information?
They can use it as a prompt to check live BTC and ETH liquidity, spot volume, derivatives volume, funding conditions, and their own risk limits before considering any trade. The supplied brief alone is not enough for an execution decision.