price growth has been sluggish lately. The decline in two essential BTC metrics and one stablecoin metric significantly affected this slow progress.An analysis of these metrics for July showed that they had experienced a decline. Bothspot and derivative trading volumes, according to CryptoQuant, showed no significant daily spikes compared to previous months.
The highest volumes recorded in July were on the 6th and 14th of the month. On 6 July, the spot trading volume reached approximately 114,000, while derivatives surpassed 1.3 million. On 14 July, spot trading was 104,000, and derivatives exceeded 988,000.However, these highs were lower than those achieved in previous months, indicating a decline in overall trading activity.outflow from exchanges declined in July, as depicted by the BTC exchange outflow chart.
This band represented around 47% of the total supply at the start of the year. However, as of this writing, it has surged to over 56%.This significant increase in the band indicated that more holders had taken their assets off exchanges. Furthermore, these assets have remained untouched by trading activities for the past two years. Essentially, this suggested a growing number of investors committed to holding onto their Bitcoin for the long term.
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