Bitcoin's trading volume has seen a decrease since its mid-July peak, according to Glassnode data. While both spot and futures markets have cooled off, activity remains elevated compared to earlier in July. BTC Spot Trading Volume Declines On July 16th, Bitcoin spot trading volume hit $10.22 billion. By August 7th, this figure had dropped to $6.61 billion. This indicates a reduced interest in immediate Bitcoin purchases. Bitcoin Futures Trading Volume Follows Suit The futures market mirrored this trend. July 16th saw $60.17 billion in futures trading volume, which decreased to $41.05 billion by August 7th. Despite the decline, the figures remain above the early July minimums of $4.85 billion (spot) and $33.82 billion (futures), suggesting sustained, albeit reduced, market participation. This could reflect cautious optimism or a period of consolidation after the mid-July surge. ```

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