According to research firm K33, Bitcoin’s average daily spot volume stands at $2.2 billion in July, reaching its lowest point since November 2023. CME Bitcoin futures open interest has hit three-year lows. This decline is part of a broader summer liquidity slowdown affecting both spot and derivatives markets. Despite lower activity, Bitcoin is expected to remain above $58,000 on July 30. Market participants will closely monitor Federal Reserve announcements and developments in spot Bitcoin ETF markets, particularly actions by major issuers like BlackRock or Fidelity.
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