According to CoinMeta, as reported by K33 Research, BTC has fallen by 3% over the past week to around $63,300, and has been consolidating within a narrow range between $60,000 and $66,000. The average daily spot trading volume in July was approximately $2.2 billion. The number of open CME contracts is near a multi-year low, while the open position volume of perpetual contracts has stagnated at around 300,000 BTC.