Bitcoin reached ATH in 4 really important metrics this month

New ATH in Bitcoin Monthly Transactions - 19.4M in July
So much for the "people only buy to hold it" argument. People are truly using it also as P2P cash.

https://newhedge.io/terminal/bitcoin/monthly-transactions

https://preview.redd.it/78vaahhis0gd1.png?2758&format=png&auto=webp&s=638700f2116e90dcdb1bf90c1c36a38b840525fe

New ATH in Bitcoin Network Difficulty - 91T
Miner capitulation anyone? Death spiral? Miners are plugging in and pushing difficulty/hashrate to new ATHs.

https://newhedge.io/terminal/bitcoin/network-difficulty

https://preview.redd.it/eacsgn4ls0gd1.png?2776&format=png&auto=webp&s=4afb7d1acded0b8dba987ab2e57c1a2ebeecb73b

New ATH in Bitcoin Hashrate - 667 EH/s
Similar to Difficulty above, miners are extremely bullish and plugging in machines despite "lackluster" price action as some would say

https://newhedge.io/terminal/bitcoin/hashrate-vs-price

https://preview.redd.it/6q8ym5jms0gd1.png?2768&format=png&auto=webp&s=d9bd0f872c85493d8bdd0fc413c27104123e62d8

Bitcoin Open Interest - $39B
So this could be bullish, but also indicate a short-term market correction. OI (open interest) represents the amount of money flowing into the Bitcoin futures market.

https://newhedge.io/terminal/bitcoin/open-interest

https://preview.redd.it/9fu373jns0gd1.png?2774&format=png&auto=webp&s=581e6351785184e5270a2bdf3053b204736ccf1b