Analysts argue that Bitcoin panic selling may be close to ending because marginal sell pressure appears to be drying up. The supplied event cites Bitcoin holding above $62,000, U.S. spot Bitcoin ETFs recording $197.4 million in net inflows last week, and Glassnode-referenced spot-market net selling falling from about 2,000 BTC per day in June to about 53 BTC per day in July. That does not confirm a durable recovery, because analysts also warned that the rebound is still being driven mainly by derivatives while spot buying remains comparatively 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 BITGETWhat Changed in Bitcoin Selling Pressure
The supplied market update says several analysts believe Bitcoin’s panic-selling phase may be nearing its end. Their reasoning centers on marginal sellers: the incremental supply coming from holders willing or forced to sell at current levels appears to be shrinking.
Wintermute OTC trader Jasper De Maere is cited as saying Bitcoin stayed above $62,000 despite escalation in the U.S.-Iran conflict and tension around the Strait of Hormuz. In that interpretation, the market has already absorbed much of the earlier weak-hand selling.
Why ETF Flows Matter Here
The event also cites U.S. spot Bitcoin ETFs recording $197.4 million in net inflows last week. That ended a prior run of eight consecutive weeks of net outflows, according to the supplied brief.
ETF flows do not prove a new bull leg by themselves. They are useful because they show whether regulated spot-facing demand is adding to, or subtracting from, market pressure. In this case, the cited inflow supports the view that sell pressure has eased.
Spot Selling Fell Sharply in July
Nexo analyst Dessislava Ianeva is cited as referencing Glassnode data showing Bitcoin spot-market net selling averaged about 2,000 BTC per day in June, then fell to about 53 BTC per day in July.
That change is the strongest quantitative evidence in the supplied brief. It suggests July has been one of the calmer months of 2026 for Bitcoin spot selling. The practical takeaway is narrower than a price forecast: fewer marginal sellers can reduce one source of downside pressure.
Why the Signal Is Still Incomplete
The same analyst commentary warns that Bitcoin’s rebound is being driven mainly by derivatives markets, while spot buying remains relatively weak. That distinction matters because derivatives-led moves can reverse quickly when leverage, funding, or positioning shifts.
A cleaner recovery would usually need stronger spot demand alongside falling sell pressure. Based only on the supplied event, the evidence points to selling exhaustion, not confirmed broad demand expansion.
Catalysts to Watch Next
The brief identifies two near-term catalysts: U.S. June CPI data and Federal Reserve Chair Kevin Warsh’s congressional testimony. These events could influence expectations around rates, liquidity, risk appetite, and crypto market positioning.
For readers tracking BTC, the practical checks are straightforward: watch whether BTC continues holding the $62,000 area, whether spot ETF flows remain positive, whether spot buying improves, and whether derivatives positioning becomes overheated.
Risk Disclosure and Bitget Context
This article is market news analysis based only on the supplied event brief. It is not financial advice, does not recommend buying or selling BTC, and does not guarantee any market outcome.
Readers who want to monitor BTC markets can compare spot price action, ETF flow updates, derivatives activity, and macro catalysts before making any decision. Bitget users can review BTC market data through the platform using the available campaign link and code 7nfg8123, while applying their own risk controls.
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Review BITGETAffiliate link · Availability varies by region · No guaranteed outcomeQuestions readers ask
Is Bitcoin panic selling definitely over?
No. Analysts cited in the brief say panic selling may be near its end because marginal sell pressure appears to be fading. The evidence does not confirm that all downside risk has disappeared.
What evidence supports the view that Bitcoin sell pressure is weakening?
The supplied brief cites Bitcoin holding above $62,000, U.S. spot Bitcoin ETFs seeing $197.4 million in net inflows last week, and spot-market net selling falling from about 2,000 BTC per day in June to about 53 BTC per day in July.
Why is derivatives-driven recovery a risk?
A derivatives-led rebound can be more sensitive to leverage and positioning. The brief says spot buying remains relatively weak, so the recovery signal is less complete than it would be with stronger spot demand.
What should BTC traders watch next?
Based on the supplied brief, the key checks are whether BTC holds above $62,000, whether ETF inflows continue, whether spot buying strengthens, and how markets react to U.S. June CPI data and Kevin Warsh’s congressional testimony.
Does this mean BTC is a buy now?
No. The brief supports a market-analysis point about weakening sell pressure, not a trading recommendation. BTC remains risky, and any decision should account for volatility, leverage risk, macro catalysts, and personal risk tolerance.