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/esgepfvlg0gd1.png?width=2758&format=png&auto=webp&s=68e922f81adc39c7704f235cb9644fbdf7737396

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/4beaqvntg0gd1.png?width=2776&format=png&auto=webp&s=8018cb3e52e0876218f864a26baf12da46b5cf3b

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/jfnzbbm2h0gd1.png?width=2768&format=png&auto=webp&s=cac92952bd73fe9c16b0dd8284a6684391093725

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/trkkdr0bh0gd1.png?width=2774&format=png&auto=webp&s=56eb6010bfc68206e8c30f93094c71c4fc15802b