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BlockBeats News, July 29th, K33 Research issued a statement stating that Bitcoin has been consolidating in a narrow range between $60,000 and $66,000 over the past week. The average daily spot trading volume in July was only about $2.2 billion, CME open interest approaching a multi-year low, and perpetual futures open interest stagnating at around 300,000 bitcoins. Bitcoin's July trading volume hit the lowest level since November 2023.
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