According to CoinMeta, Wu said that k33 Research indicates that the Bitcoin market remained sluggish in July, and it is expected to record the lowest average monthly spot trading volume since November 2023. The report states that BTC has fallen by about 3% in the past week, remaining within the range of $60,000 to $66,000. CME Bitcoin futures open interest remains at a multi-year low, with the open interest for perpetual contracts being around 300,000. BTC In July, the average daily spot trading volume was approximately $2.2 billion, and market participation continues to weaken.