K33 says july bitcoin spot volume is on track for its weakest month since november 2023

'Sleepy July': K33 says bitcoin spot volume on track for weakest month since late 2023

Bitcoin spot volume in July: $2.2B daily (8-month low). BitMEX closes after 11 years; market share tumbled from 40% (2020) to 0.6% (2026). Crypto contraction and consolidation weaken blockchain infrastructure ROI; platform shrinkage raises stack and compliance risk for enterprise.