According to @EmberCN, July saw a broad crypto rally with BTC up 10%, ETH up 62%, and HTX up 35%, signaling strong market-wide momentum (source: @EmberCN). According to @EmberCN citing HTX’s July data, the exchange recorded month-over-month trading volume growth of 33% and a 45% increase in new user registrations, indicating heightened activity on centralized exchanges (source: @EmberCN). According to @EmberCN, these CEX metrics reflect faster new-user inflows and elevated trading enthusiasm during the so-called crypto summer period (source: @EmberCN).

According to @FarsideUK, historical data suggests a bullish trend for Bitcoin (BTC) in July, with the cryptocurrency rising in all but three Julys over the past decade for an average increase of about 7%, based on CoinGlass data. Analysis from market maker Wintermute further supports this, finding that since 2022, July is the only month combining relatively strong gains with subdued investor sentiment. Institutional interest is surging, as publicly listed firms acquired approximately 131,000 BTC in the second quarter, an 18% jump that surpassed the 8% increase in U.S. spot-ETF holdings. From a derivatives perspective, while BTC and Ethereum (ETH) futures open interest remains flat, XRP's open interest has reached a four-week high with signals of bearish bets, according to the source. Traders should monitor key upcoming token unlocks, including Ethena (ENA) on July 2, Aptos (APT) on July 12, and Arbitrum (ARB) on July 16, as well as macroeconomic events like the U.S. payrolls report which will likely influence Federal Reserve policy.