Bitcoin · 2026-07-31
That day's view: On July 31, BTC opened at $64,780.03 and closed at $62,887.88, with an intraday high of $65,409.56 and low of $62,466.00, posting a 24-hour decline of 2.92%. Trading volume reached 20,476 BTC, with selling pressure intensifying after the break below $64,000; the prior-day volume figure is not provided in the current summary, so a reliable year-on-year volume comparison cannot be computed. The funding-rate average held at +0.00730%, meaning longs continued to pay carry, yet the combination of a weakening price with a positive funding rate indicates leveraged longs are under pressure. Open Interest rose from 106,596 to 109,524, a 2.75% increase; the drop in price alongside expanding OI is closer to a (c-mix) configuration of new shorts and trapped longs piling up, rather than a healthy rebound. The Fear & Greed Index printed 25, leaving fear sentiment in place; near-term watch the $62,466 support and the $64,780 counter-pressure, and if the prior low is breached, stay alert for accelerated deleveraging.
Key Data
- BTC closing price: $64,780.03 at UTC 2026-07-31 00:00 and $62,936.91 at UTC 2026-07-31 24:00, down 2.92% over the window
- Intraday range: high $65,409.56 / low $62,466.00, a $2,943.56 range (4.54%)
- 24-hour total market volume: 20,476 BTC (approximately $1.302 billion)
- Perpetual funding rate: four-period average +0.00730% (07-31 00:00 +0.01000% / 07-31 08:00 +0.00941% / 07-31 16:00 +0.00566% / 08-01 00:00 +0.00412%)
- Taker buy/sell ratio: 24-hour average 1.0278, latest 0.6727
- Retail long/short account ratio: 24-hour average 1.8146, latest 2.2072
- Top-trader long/short position ratio: 24-hour average 1.5756, latest 1.6072
- Open Interest (OI): 24-hour net change +2.75%, currently 109,524 BTC
- Perpetual basis: stable within the -0.05% to +0.05% range
- Fear & Greed Index: 25 on 2026-07-31 (Fear)
24H Price Review
- Phase · Early session (UTC 00-06): open $64,780.03 → $64,363.06, -0.64%, 6h volume 4,202 BTC.
- Phase · Late morning (UTC 06-12): open $64,363.06 → $63,805.51, -0.87%, 6h volume 5,599 BTC.
- Phase · Afternoon (UTC 12-18): open $63,805.50 → $63,245.44, -0.88%, 6h volume 8,336 BTC.
- Phase · Close (UTC 18-24): open $63,245.44 → $62,887.88, -0.57%, 6h volume 2,339 BTC.
Bull vs. Bear
- Phase 3 (UTC 12-18) saw a single-stage 0.88% sell-off with 8,336 BTC in concentrated volume | Price touched the window low of $62,466.00, a typical pattern of concentrated selling triggered by negative news
- OI rose a net 2.75% over 24h while price fell — price down + OI up = active short accumulation | OI increased by 2,928 BTC while price dropped 2.92%, a textbook case of active short accumulation
- 4.54% range reflects an intense bull/bear tug-of-war | The 24-hour 4.54% range is a recent high, signaling rising realized volatility and elevated position-holding risk
- Phase 4 (UTC 18-24) delivered a single-stage 0.57% rebound on volume of 2,339 BTC | Price touched the window high of $65,409.56, a typical post-negative-event technical rebound pattern
- Top-trader long/short positions averaged 1.58 over 24h, indicating a mildly bullish institutional stance | The ratio averaged 1.58 and ended at 1.61, showing institutions remained mildly bullish throughout the window
- Closing price $62,887.88 held within the $62,466.00-$65,409.56 range | The 24-hour price held inside the window range without breaching the lower bound, indicating near-term support is intact