Bitcoin Spot Trading Volume Falls to $2.2 Billion in July, Lowest Since November 2023

cryptocrypto-markets 3 posts · 3 accounts

K33 Research reported that Bitcoin’s average daily spot trading volume fell to $2.2 billion in July, marking the lowest monthly average since November 2023.

The firm noted that market activity remained subdued as bitcoin dropped roughly 3% over the past week and traded between $60k and $66k. CME bitcoin futures open interest also stayed near multi-year lows, while perpetual futures open interest stood at approximately 300k BTC.

From the sources (3 posts)

@theblockco

THE BLOCK: K33 says July bitcoin spot volume is on track for its weakest month since November 2023. Average daily spot volume came in at $2.2 billion for the month, while CME futures open interest sat near lows not seen since 2023, the res

@wublockchain

K33 Research: Bitcoin’s July Average Spot Trading Volume Could Hit Its Lowest Since November 2023 K33 Research said Bitcoin market activity remained subdued in July, with average daily spot trading volume at about $2.2 billion, potentially

@cointelegraph

🚨 UPDATE: Bitcoin’s average daily spot trading volume fell to about $2.2B in July, the lowest level since July 2023, per K33 Research.

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