K33 Research said on July 29 that Bitcoin spent the past week trading in a tight $60,000 to $66,000 range, with activity across major market segments remaining subdued. The firm said average daily spot volume in July was only about $2.2 billion, while open interest on CME was near multi-year lows. It also said perpetual futures open interest was flat at roughly 300,000 BTC. According to K33, Bitcoin’s trading volume for July marked its lowest reading since November 2023. The update points to a market that remained range-bound through the week, with both spot and derivatives participation showing limited expansion during the month.
BlockBeats reported on July 29 that K33 Research said Bitcoin had continued to trade in a narrow $60,000 to $66,000 range over the past week.
The firm said average daily spot trading volume in July was only about $2.2 billion. CME open interest was close to multi-year lows, while perpetual futures open interest was flat at about 300,000 BTC. K33 said Bitcoin’s July trading volume was the lowest since November 2023.
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