Bitcoin Trading Is on Track for Slowest Month Since 2023

K33 Research says July’s unusually quiet Bitcoin trading activity is squeezing exchange revenue as several trading platforms shut down.

Bitcoin is heading for its quietest trading month since November 2023 as the price remains stuck in a narrow range and traders largely stay on the sidelines.

Average daily Bitcoin spot trading volume has fallen to about $2.2 billion in July, according to the latest report from K33 Research, a crypto market research firm. Bitcoin also dropped about 3% over the past week to $63,300 but remained inside the broader $60,000-$66,000 range.

Bitcoin’s price since July 2025.