According to @ai_9684xtpa, July has historically been a pivotal month for the crypto market, marked by significant events such as the 2015 Ethereum (ETH) mainnet launch, the 2017 BNB token issuance, the 2020 DeFi Summer, and the 2024 approval of the ETH spot ETF. Each of these milestones has driven trading volumes and volatility, with the recent ETH ETF approval on July 23, 2024, expected to bring increased institutional inflows and liquidity to the ETH market. These recurring July events underscore a pattern of heightened trading opportunities and market activity, especially for ETH and BNB pairs. Source: @ai_9684xtpa

According to @Trader_XO, BTC perpetual futures trading ended July on a positive note, with strong account performance and a disciplined wind-down for the month. This momentum could signal renewed interest from active traders heading into August, potentially influencing short-term BTC price action in the crypto derivatives market. Source: @Trader_XO.