Bitcoin trading volumes have fallen to the lowest since 2023

Bitcoin trading volumes have dropped significantly: according to broker K33, the crypto market is going through one of its sluggish periods since 2023, with weakness visible in both the spot market and the futures segment.

Key figures clearly show how much the market has cooled:

• Over the past month, the average daily spot trading volume of bitcoin on exchanges tracked by K33 fell to $2.2 billion.
• At the beginning of the year, this figure was about $5 billion, more than twice as high.
• Since February, the price of bitcoin has mostly moved in the $60,000–$70,000 range.
• In May, the market tried to consolidate above $80,000, but that momentum did not continue.
• Since June, the range has narrowed even further — about $60,000–$65,000. As of July 29, Bitcoin was trading slightly above $64,000.

“Trades Closed From +40% Profit”

“+1,300$/Month in Profit”

“Stable 500$–600$ Withdrawals”

CME Futures Also Show Low Activity

A similar picture has formed in the futures market. On the Chicago Mercantile Exchange (CME), where institutional investors are traditionally active, open interest over the past week fluctuated between 95,000 and 102,000 BTC. These are levels the market already saw in 2023.