The direct read is that Bitcoin panic selling may be near exhaustion, but the signal is not strong enough to treat as a confirmed trend reversal. The supplied BlockBeats brief says analysts see marginal sell pressure drying up, supported by Bitcoin holding above $62,000, U.S. spot Bitcoin ETF net inflows of $197.4 million last week, and Glassnode-cited spot-market net selling falling from about 2,000 BTC per day in June to about 53 BTC per day in July. The main caveat is that the rebound is described as derivatives-led while spot buying remains relatively weak.
| Primary source | BlockBeats |
|---|---|
| Reported at | 2026-07-13T16:07:05.000Z |
| Topic | BTC |
| Evidence limit | Reported facts are separated from interpretation; current prices and platform terms require independent verification. |
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Review OKXWhat Changed in the Bitcoin Sell-Pressure Picture
The supplied event says multiple analysts believe months of Bitcoin panic selling may be approaching an end because marginal sell pressure is gradually drying up. That matters because markets often stabilize before sentiment fully recovers: sellers who needed or wanted to exit have already done so, leaving fewer urgent sellers at the margin.
Wintermute OTC trader Jasper De Maere is cited as pointing to Bitcoin’s ability to remain above $62,000 despite escalation in the U.S.-Iran conflict and tension around the Strait of Hormuz. In that interpretation, Bitcoin’s resilience suggests that earlier weak-hand selling has largely cleared.
The Evidence Supporting the Exhaustion Thesis
The brief gives two concrete support points. First, U.S. spot Bitcoin ETFs recorded $197.4 million in net inflows last week, ending eight consecutive weeks of net outflows. That shift does not prove sustained demand, but it does show that one major pressure channel looked less negative in the cited period.
Second, Nexo analyst Dessislava Ianeva is cited as referencing Glassnode data showing that 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 so far on that measure.
Why the Signal Is Still Incomplete
The same brief warns that the rebound is mainly being driven by derivatives markets while spot buying remains relatively weak. That is the key limitation. A derivatives-led move can push prices quickly, but without stronger spot participation it may be more vulnerable to reversals around macro news or positioning resets.
For decision-making, the distinction is important: falling sell pressure can help form a floor, but durable upside usually needs evidence of real demand. The supplied material supports a weakening-supply argument more clearly than it supports a strong-demand argument.
Practical Checks for Readers
A practical reader should watch whether Bitcoin continues to hold important price areas after macro events, whether spot ETF flows remain positive beyond one week, and whether spot-market net selling stays near the quieter July level described in the brief.
It is also worth separating price action from market structure. If price rises while spot buying remains weak, the move may still depend on leverage and positioning. If spot demand improves alongside lower sell pressure, the exhaustion thesis becomes more useful.
Risks and Evidence Limits
This article is based only on the supplied BlockBeats event brief. It does not independently verify the ETF flow figure, Glassnode-derived selling figures, analyst remarks, or macro-event schedule. The evidence should be treated as a snapshot of the cited market narrative, not a complete market model.
Bitcoin remains sensitive to macro data, geopolitical headlines, liquidity, derivatives positioning, and changes in ETF demand. The brief specifically names U.S. June CPI data and Kevin Warsh’s congressional testimony as potential catalysts. None of this is financial advice, and no price outcome is guaranteed.
OKX Context for Market Follow-Up
For readers who already use exchange tools to monitor Bitcoin, the useful next step is not chasing a headline but comparing the narrative against live market data: BTC price behavior, ETF-flow updates, spot liquidity, and derivatives positioning.
If you choose to review BTC markets through OKX, use the official OKX flow and check the terms yourself. The supplied brief includes this OKX invitation URL: OKX official destination with code 7nfg8123. This is conversion context only, not a claim about rewards, rankings, registration outcomes, or investment results.
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Review OKXAffiliate link · Availability varies by region · No guaranteed outcomeQuestions readers ask
Does the brief say Bitcoin panic selling is over?
No. It says analysts believe Bitcoin panic selling may be close to ending and that marginal sell pressure is gradually drying up. That is a probability-based market interpretation, not a confirmed outcome.
What evidence supports the idea that Bitcoin sell pressure is weakening?
The supplied brief cites Bitcoin holding above $62,000 despite geopolitical tension, U.S. spot Bitcoin ETF net inflows of $197.4 million last week, and Glassnode-cited spot net selling falling from about 2,000 BTC per day in June to about 53 BTC per day in July.
Why is weak spot buying still a concern?
Weak spot buying means the rebound may depend more on derivatives positioning than on sustained direct demand for Bitcoin. That can make the move more fragile if macro news or leverage conditions shift.
What upcoming events could affect Bitcoin according to the brief?
The supplied event names U.S. June CPI data and Kevin Warsh’s congressional testimony as possible catalysts for market direction.
Is this a recommendation to buy Bitcoin?
No. This is an analysis of the supplied event brief. It is not financial advice, a trading signal, or a guarantee of any Bitcoin price outcome.