Crypto Market Stagnation: July Macro Events Fail to Spark Bull Run

02 July, 2025, 02:30 PM

Despite a flurry of significant macroeconomic events scheduled for July, including the signing of President Trump's budget and the end of a tariff moratorium, the cryptocurrency market is expected to remain stagnant. Analyst Vetle Lunde of K33 Research notes a persistent "depressed atmosphere," with key indicators reflecting investor caution. Perpetual futures funding rates, open interest, trading volume, and option skew all point to a risk-averse market sentiment. The upcoming deadline for cryptocurrency framework recommendations adds another layer of anticipation, but has so far failed to ignite bullish momentum. Lunde suggests that this low risk appetite could actually lay the groundwork for future gains. He recommends a strategy of "patiently maintaining spot exposure," implying a belief in the long-term potential of the market despite current stagnation. The prevailing sentiment seems to be one of cautious optimism, waiting for a catalyst to break the current deadlock. ```