Bitfinex: July 2026 was the worst month for Bitcoin in the past two years

cryptonews.ruPublished on 2026-07-30Last updated on 2026-07-30

Abstract

Bitcoin experienced its worst month in two years in July 2026, according to Bitfinex. Market activity plummeted to its lowest level since November 2023, with daily trading volume falling to around $4.5 billion, far below February's peak of $16.5 billion. Average daily spot trading volume for Bitcoin dropped to $2.2 billion, a 1.5-year low as reported by K33. Open interest for Bitcoin futures on the CME also declined significantly, nearing multi-year lows. The volume of open perpetual swap contracts stabilized around 300,000 BTC, indicating a lack of speculative demand. Analysts attribute the downturn to seasonal factors, as July and August are traditionally low-volatility months with reduced activity. The situation is further exacerbated by major investors' caution due to uncertainty surrounding the upcoming US Federal Reserve decision on interest rates. In related news, the largest corporate Bitcoin holder, Strategy, has not added to its BTC balance for five consecutive weeks while increasing its dollar reserves to $3.75 billion through stock sales.

Updated: 2026-07-29

In July, Bitcoin market activity hit its lowest level since November 2023, according to Bitfinex specialists. The trading volume of $BTC was approximately $4.5 billion per day, significantly below the February peak of $16.5 billion.

The average daily spot trading volume of the flagship cryptocurrency reached just $2.2 billion, its lowest level in the past year and a half, according to data from analytics firm K33. Open interest in Bitcoin futures on the CME exchange also declined noticeably, approaching multi-year lows. The volume of open perpetual swap contracts stabilized around 300,000 $BTC, indicating a lack of speculative demand.

Experts attribute this calm to seasonal factors, as July and August are traditionally characterized by low volatility and reduced activity. The situation is further exacerbated by caution among large investors due to uncertainty surrounding the upcoming Federal Reserve decision on interest rates.

Earlier, Happy Coin News reported that the largest corporate Bitcoin holder, Strategy, has not replenished its $BTC balance for the fifth consecutive week, while increasing its dollar reserve to $3.75 billion by selling shares.

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Related Questions

QAccording to the article, what was Bitcoin's worst month in the last two years as reported by Bitfinex analysts?

AAccording to the article, July 2026 was Bitcoin's worst month in the last two years, as reported by Bitfinex analysts.

QWhat was the average daily Bitcoin spot trading volume in July 2026, and why is this figure significant?

AThe average daily Bitcoin spot trading volume in July 2026 was approximately $2.2 billion. This figure is significant because it represents the lowest value in the last one and a half years.

QWhat two main reasons does the article give for the low activity and quiet period in the Bitcoin market during July 2026?

AThe article gives two main reasons: 1) Seasonal factors, as July and August traditionally have lower volatility and activity, and 2) Caution from large investors due to uncertainty around the upcoming US Federal Reserve decision on interest rates.

QWhat is the status of open interest for Bitcoin futures on the CME exchange, and what does it indicate about speculative demand?

AOpen interest for Bitcoin futures on the CME exchange has notably decreased, approaching multi-year lows. The volume of open perpetual swap contracts stabilized around 300,000 BTC, indicating a lack of speculative demand.

QWhat recent action did the corporate holder 'Strategy' take regarding its Bitcoin and cash reserves, according to the report from Happy Coin News mentioned in the article?

AAccording to the report from Happy Coin News, the corporate holder 'Strategy' has not replenished its Bitcoin balance for the fifth week in a row. Furthermore, it increased its US dollar reserves to $3.75 billion by selling stocks.

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