Bitcoin futures trading volume drops 20% last month... Will the 'summer slump' repeat?

Last month, Bitcoin (BTC) futures trading volume decreased by about 20% compared to the previous month, raising the possibility that a seasonal slump could return to the cryptocurrency market.

On the 4th (local time), the crypto-specialist media outlet The Block reported, "In June, total Bitcoin futures trading volume on centralized exchanges was about $1.55 trillion, which is around 20% lower than this year's monthly average ($1.93 trillion)."

In the market, there is speculation that a slowdown in summer trading volume, similar to last year, may be repeated.

According to the outlet, in June of last year, Bitcoin futures trading volume also fell by 15.7% from the previous month, and monthly average volume remained about 10% lower through September compared to the first half of the year. A similar trend began in July 2023 as well.

The Block added, "Although it is still too early to say for certain, recent data could be a sign of another quiet summer."