Slowest month since 2023
Bitcoin is having its quietest month since 2023, falling 3% over the past week as BTC remains stuck around $60-66k. Slowing activity is crushing revenues, leading to exchange closures, with legendary pioneer BitMEX announcing its shutdown this week.
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July's slow pace continued over the past week, with BTC falling 3% to $63,300 while remaining stuck in a narrow consolidation range. Market activity stayed muted across the board, putting July 2026 on track for the lowest average daily BTC spot trading volume since November 2023. CME open interest remains near multi-year lows, perpetual futures open interest has stalled around 300,000 BTC, and average daily spot volume came in at just $2.2 billion for the month.Strategy increased its USD reserve by $525 million to $3.75 billion while refraining from buying BTC for a fifth straight week, leaving it with enough cash to cover roughly two years of dividend obligations. The company also announced its first STRC bu
