Bitcoin faces 20-month low in volatility and monthly transactions as ETFs set new cumulative inflow record
2025/07/04 16:00
As the second half of 2025 begins, Bitcoin is showing decreased volatility and logging fewer monthly transactions, as its U.S.-based spot ETFs near $50 billion in cumulative net inflows.
Bitcoin's "at-the-market" implied volatility, a measure of how volatile Bitcoin is expected to trade across timespans ranging from seven days to six months, has fallen in July to its lowest levels since October, 2023, when Bitcoin traded around a third of its current value, according to data from The Block.
Alongside the decrease in volatility, monthly transactions on the Bitcoin network fell by 15% in June compared to May, The Block's data shows, logging the fewest monthly transactions since October, 2023. Transaction activity has seen notable lows in recent weeks, with some abnormally low-fee transactions even being scooped up by miners looking deep in the mempool for transactions to add to blocks.
As transaction activity on the network falls, Wall Street's demand for BTC has only increased, with U.S. spot Bitcoin ETFs continually logging new cumulative inflow records. The funds logged over $1 billion in inflows over two days last week, bringing the cumulative total net inflow to just below $50 billion. The funds hold around $137.6 billion worth of BTC in total, a new all-time high.
Publicly-listed companies also bought BTC in June—around 65,000 BTC, worth about $7 billion at current prices, according to data from BitcoinTreasuries. A Glassnode analysis in June found that, though Bitcoin's onchain activity is a 'ghost town,' the increase in transactions from high net worth agents signals institutions and whales are becoming more dominant on the network.
A decrease in Bitcoin futures volume could also signal a summer slump for the world's largest cryptocurrency, The Block recently reported.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
KWT debuts at Shanghai press conference, attracting attention with a new token model anchored to electricity value
KWT co-founder JZ has comprehensively outlined the project's long-term vision: KWT is not a short-term speculative product, but aims to build a "power plant economy underpinned by the intrinsic value of electricity."

The Importance of x402 for Stablecoin Payments
X402+ stablecoins and on-chain crypto infrastructure will gradually and continuously impact the existing payment system. This not only involves the use of stablecoins, but also transfers money, credit, identity, and data into a parallel financial universe.

From "Crime Cycle" to Value Reversion: Four Major Opportunities for the Crypto Market in 2026
We are currently experiencing a "purification" that the market needs, which will make the crypto ecosystem better than ever before, potentially improving it tenfold.

SociFi dream shattered? Farcaster pivots to focus on the wallet track
Past data has shown that the "social-first strategy" is ultimately unsustainable, as Farcaster has consistently failed to find a sustainable growth mechanism for a Twitter-like social network.
