#DEX #Trading #Volume Down by 17% in July 🔻

In July 2023, the monthly #decentralizedexchanges volume showed a decrease of 17.2% compared to the volume registered in June: $57.84B —> $47.86B.

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Why has the power of Bitcoin price growth diminished in recent months?

"#Bitcoin trading volume on exchanges as necessary liquidity or vital conditions for price growth and bullish speculation by exchange participants."

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#Bitcoin #volatility was so low last month that a 1% price change is already cause for celebration among traders.

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"The supply of #Bitcoin available for trade is shrinking as we approach the 2024 halving.

Before the last halving, available supply was at an all-time high; and even experienced a brief regime where it grew faster than the rate of issue of new supplies.

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#Aave, the governance token of the decentralized finance (#DeFi) Aave protocol, experienced a 17% decline between July 30 and August 1, reaching the $62 level.

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Perceived 10-day #volatility for #bitcoin almost falling below the average for #stocks, #bonds and #gold.

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In July, the total #derivatives #trading volume on the #CME fell 17.0% to $40.1bn. In line with the general trend in the derivatives market, the futures volume on the exchange fell 17.6% to $39.1bn, with #BTC and #ETH futures volume falling to $31.3bn and $7.24bn, respectively.

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#Block trading continues to maintain high levels of trading volume, with both #BTC and #ETH block trading holding over a 40% share of trading volume today.

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Top 10 #Centralized #Futures #Exchanges by Volume in last 7 days

While users are gravitating towards derivatives #DEXes lately, futures’ trading volume on #centralizedexchanges is still massive.

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We have published our daily premium update for Bitcoin. You can unlock it here for only $3, pay with crypto:

https://social.wubits.io/share/64cbd07339ffd5259e30d5ee?rid=63dffbc796acc11510f0903b&utm_source=link

#Bitcoin Holdings on #OTC Desks Decline 33% 📉: #Glassnode

The amount of bitcoin held in addresses tied to over-the-counter (OTC) desks, a proxy for institutional activity, has declined to the lowest level since June 15.

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As short-term (#STH) holders start selling at a loss, whales continue to profit from the #BTC they bought around the 26K-25K area in early June 👆.

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#Bitcoin | We are seeing an increase in buying demand for $BTC!

#Stablecoin inflows to #crypto exchanges are now outpacing #BTC inflows, indicating increased buying interest.

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By examining the distribution of #Uniswap trade volume across different Layer 2s, we can see that an appreciable portion of trading has shifted from Ethereum to #Arbitrum, attracting up to 32% of volume in March.

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Since hitting an all-time low last summer amid soaring #inflation, consumer sentiment has rebounded sharply and is now at its highest level since July 2021, according to #fidelity.

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August 4 #Bitcoin Options Data

- 18k BTC options are about to expire with a Put Call Ratio of 0.38, a max pain point of $29,500 and a notional value of $530 million.

- 217k ETH options are about to expire with a Put Call Ratio of 0.69, a max pain point of $1,850 and a notional value of $400 million.

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#Bitcoin price history may be repeating itself!

The #BTC price trajectory past the 2021 all-time high appears to mirror the 2013-2017 bull cycle.

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The amount of #BTC that is liquid or highly liquid is at its lowest levels since 2018.

The illiquid offer continues to reach new historic highs.

Traders are trading an ever-decreasing supply of coins, while long-term holders are constantly hiding in cold storage.🥶

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#Bitcoin's realized #volatility relative to gold's realized volatility has been declining for over two years.

but please tell me again how Bitcoin is "too volatile" to be an investable asset.

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#Bitcoin continues to demonstrate a negative correlation with traditional financial markets.

More: https://social.wubits.io/share/64cdabfcd59cda1aac38d2da?rid=63dffbc796acc11510f0903b&utm_source=link

🤔 Either way, #halving can increase volatility. #btc #bitcoin.

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