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Bitcoin spot trading activity is on course for its softest monthly total since late 2023, research firm K33 reported, with derivatives markets also running at depressed levels through July.
K33 called the period "Sleepy July," a label its data supports across both spot and derivatives channels for $BTC.
What the volume data shows K33's analysis puts $BTC spot volume on a trajectory that would, at month-end, mark the lightest monthly reading in roughly two and a half years.
The firm did not publish specific volume figures alongside its assessment. Spot volume measures how much $BTC changes hands on exchanges in a given period.
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