Bitcoin spot trading volume in July averaged $2.2B, potentially the lowest since November 2023, with BTC range-bound between $60k–$66k.
Macro & Markets ·
K33 Research reported that Bitcoin spot trading volume in July averaged approximately $2.2 billion daily, potentially the lowest monthly average since November 2023. The asset declined roughly 3 percent over the preceding week and traded within a $60,000–$66,000 range during the period.
Concurrent derivatives data reflected muted market conditions. CME Bitcoin futures open interest remained near multi-year lows, while perpetual futures positions held at roughly 300,000 BTC, indicating restrained activity across derivatives markets as well.
The report suggests a sustained period of subdued trading intensity, though it does not specify whether the July average will ultimately confirm as the lowest since the November 2023 benchmark once the month concludes, nor does it provide detail on what drove the contraction in volume or when conditions might shift.