K33 Highlights July for Bitcoin: Will the Calm Be Disrupted This Year?

Although July is filled with significant developments that could shake the market, a quiet summer period with low cryptocurrency trading volume, similar to previous years, may occur.

K33 Research Director Vetle Lunde presented noteworthy analyses regarding the volatility of the cryptocurrency market in July in his latest report. The July calendar includes developments referred to as 'Trump trade,' such as the U.S. budget proposal, Trump's new steps related to trade tariffs, and critical regulatory dates for cryptocurrencies. However, Lunde pointed out that despite similarly significant events in previous years, trading volumes remained low in July.

Referring to major events in past years, Lunde stated:

“In July 2022, Three Arrows Capital and Celsius went bankrupt. Last July, despite major political developments such as the attack on Trump and Biden's resignation, Bitcoin (BTC) faced strong selling pressure due to Mt. Gox distributions and the German government's Bitcoin sale. Despite all this, July consistently had the second-lowest trading volume of the year over the last four years.”