According to the figure above, the trading volume of BTC in July is the largest month, which means that the price of BTC is at the bottom of the bear market. Now, as the price of BTC has recovered over the past few days, BTC trading volume has begun to normalize.
Santiment added a new data to the published data BTC addresses have entered the ecosystem. This wallet is not an ordinary BTC wallet, it received 50 .56KBTC on July 8th. This wallet probably belonged to a whale that was serving BTC to prepare for a price increase.
As of this writing, BTC has lost roughly 24.69% in price over the past 24 hours. That brought BTC down to a price of $2,932.82, below $23,000. Over the past seven days, BTC has seen its price drop by more than 14% in 24 hours.
The bulls tried to push the BTC price above the next major resistance at $25,000, but failed to do so, with a 24-hour high of $24,196.82 and a low of $22,707.51.
The current market value of BTC is about 438, 326, 628, and 810 US dollars, and its 24-hour trading volume is 43, 84, 679, and 158 US dollars. From yesterday to now on CoinMarketCap, the daily trading volume has decreased by 6%.92%.
