The direct read is that Bitcoin selling pressure may be easing, but the rebound is not yet fully confirmed by spot demand. Analysts pointed to Bitcoin holding above $62,000 despite geopolitical stress, U.S. spot Bitcoin ETF net inflows of $197.4 million last week, and Glassnode-cited data showing reported average daily spot net selling falling from about 2,000 BTC in June to about 53 BTC in July. The key caution is that the current rebound is described as mainly derivatives-led, 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 WEEXWhat Changed In The Bitcoin Sell Pressure Picture
The central claim from the brief is narrow: the marginal sell side may be drying up. Analysts cited by Jinse Finance said Bitcoin’s months-long panic-selling pressure could be nearing an end, with sellers’ pressure gradually weakening at the margin.
Wintermute OTC trader Jasper De Maere pointed to Bitcoin holding above $62,000 even as U.S.-Iran tensions escalated and the Strait of Hormuz situation remained tense. In that reading, BTC’s ability to stay above that level suggests much of the earlier weak-holder selling may already have cleared.
This is an exhaustion argument, not a guarantee of upside. A market can run out of forced sellers before strong new buyers appear, which is why the spot-demand caveat matters.
ETF Flows And Spot Selling Data
The brief cites U.S. spot Bitcoin ETFs recording $197.4 million in net inflows last week, ending eight consecutive weeks of net outflows. That shift is presented as another sign that sell pressure is weakening.
Nexo analyst Dessislava Ianeva, citing Glassnode data, said Bitcoin spot-market average daily net selling was about 2,000 BTC in June and had fallen to about 53 BTC in July. The brief describes July as one of the calmest months of 2026 on that measure.
For readers, the useful distinction is between lower selling and stronger buying. Lower net selling can stabilize price, but a durable recovery generally needs visible demand rather than only reduced supply from sellers.
Why The Rebound Still Needs Confirmation
The brief explicitly cautions that Bitcoin’s current rebound is mainly driven by the derivatives market, while spot buying remains relatively weak. That makes the setup more sensitive to positioning, leverage, and catalyst-driven volatility.
A derivatives-led move can be powerful, but it can also reverse quickly if funding, liquidations, or macro expectations shift. The brief does not provide enough evidence to say spot buyers have taken clear control.
A practical reading is to treat the market as less pressured by forced or panic selling, while still waiting for confirmation from spot participation and sustained ETF demand.
Macro Catalysts To Watch
The brief identifies two near-term catalysts: upcoming U.S. June CPI data and congressional testimony from Fed Chair Kevin Warsh. Both could affect risk appetite, rate expectations, and crypto market positioning.
If inflation data or policy signals surprise the market, Bitcoin could react even if internal sell pressure is improving. That is why the easing-seller thesis should be evaluated alongside macro conditions, not in isolation.
The evidence supplied supports a cautious market interpretation: selling pressure may be less intense, but external catalysts can still dominate short-term price action.
Practical Checks For BTC Traders
Readers evaluating BTC after this report should separate three checks: whether ETF flows remain positive, whether spot-market selling stays low, and whether price strength is supported by spot buying rather than only derivatives activity.
BTC holding above $62,000 is relevant in the brief because it occurred during geopolitical stress. If price continues to hold key levels while spot flows improve, the case for seller exhaustion becomes stronger.
For users comparing market venues, WEEX can be considered as one place to monitor BTC market movement and execute trading decisions, but platform choice should be based on personal checks around risk controls, fees, liquidity, account access, and local eligibility. The supplied registration link is WEEX official destination with code 7nfg8123.
Risk Disclosure
This article is based only on the supplied Jinse Finance event brief and does not verify the original linked source independently. It should not be treated as financial advice, a price forecast, or a recommendation to buy, sell, or trade BTC.
Crypto markets can move sharply around macro data, geopolitical news, ETF-flow changes, and derivatives positioning. The brief itself notes that spot buying remains relatively weak, which limits how strong the rebound signal can be judged from the supplied evidence alone.
No outcome is guaranteed. The information here should be used as a framework for checking market conditions, not as a trading instruction.
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Review WEEXAffiliate 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 it is fully over. The evidence points to weakening marginal sell pressure, while spot demand still needs confirmation.
Why is BTC holding above $62,000 important in this report?
Analyst Jasper De Maere cited Bitcoin holding above $62,000 despite U.S.-Iran tensions and Strait of Hormuz concerns as a sign that earlier weak-holder selling may have largely cleared.
What did ETF flows show in the brief?
The brief says U.S. spot Bitcoin ETFs recorded $197.4 million in net inflows last week, ending eight consecutive weeks of net outflows. Analysts used this as evidence that selling pressure may be easing.
What does the Glassnode-cited spot selling data suggest?
According to Nexo analyst Dessislava Ianeva as cited in the brief, Bitcoin spot-market average daily net selling fell from about 2,000 BTC in June to about 53 BTC in July, suggesting a much calmer spot selling environment.
What is the biggest caution for the BTC rebound?
The brief warns that the rebound is mainly driven by derivatives markets while spot buying remains relatively weak. That means the move may still need stronger spot participation to look durable.
What events could affect Bitcoin next?
The brief identifies upcoming U.S. June CPI data and congressional testimony from Fed Chair Kevin Warsh as possible catalysts for Bitcoin and broader market direction.