In July 2026, spot trading activity in the cryptocurrency market approached minimum levels not seen since November 2023. According to a report by the analytical company K33, the average daily volume of spot transactions over the past thirty days has amounted to only $ 2.2 billion. Experts also note weak activity in the derivatives segment: open interest on the Chicago Mercantile Exchange (CME) remains near multi-year lows, while the same indicator for perpetual futures fluctuates around 300,000 bitcoins. This decrease in volumes is fully consistent with historical patterns, as July is traditionally characterized by the lowest trading activity in the crypto industry.

The steady decline in trading volumes is putting significant pressure on the financial performance of cryptocurrency exchanges. As a vivid example of this trend, analysts cite the decision of the BitMEX exchange to completely cease operations on September 23. As part of the closing procedure, the platform has already begun to implement risk limits that allow users to exclusively reduce existing positions, which will be forcibly liquidated by the time trading is finally stopped. According to the aggregator Coinglass, the cumulative thirty-day volume of spot trading in bitcoin decreased by 33.83 percent, while the volume of futures transactions decreased by 28.95 percent, reaching $1.42 trillion.

Industry experts attribute the current stagnation not only to seasonal factors, but also to the prevailing macroeconomic uncertainty. Geopolitical tensions and high energy prices support inflationary risks, which forces investors to factor into their strategies the likelihood of maintaining high interest rates for a long period. In such conditions, cryptocurrencies, like other risky assets, face a shortage of liquidity. The fear and greed index, at 29 points, confirms the cautious mood of the market, and weak capital flows into spot exchange-traded funds (ETFs) indicate that institutional players are waiting for clearer signals from the Federal Reserve System before making new investment decisions.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.