Bullish
Bitcoin July Trading Volume Hits Lowest Level Since November 2023
2026-07-29 18:43:07
Bitcoin spot volume averaged $2.2B in July, the lowest since late 2023. CME open interest nears multi-year lows while perpetuals stagnate at 300,000 BTC.
Woofun AI data shows that Bitcoin consolidated within a narrow $60,000 to $66,000 range over the past week. The average daily spot trading volume for July stood at approximately $2.2 billion, marking the lowest level recorded since November 2023.
CME open interest approached multi-year lows, while perpetual contract open interest remained stagnant at roughly 300,000 Bitcoins.
WOOFUN AI
Impact Assessment · Quick Read
The drop in trading volume to levels unseen since late 2023 indicates a period of market consolidation and reduced liquidity. With CME open interest also declining, institutional positioning appears cautious. This stagnation may precede a significant directional move once volume returns, but currently reflects low conviction among traders.
Generated by WOOFUN AI · For reference only, not investment advice
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