Bitcoin derivatives volume on Binance surges to nearly eight times
TL;DR:
- The ratio between Bitcoin futures volume and the spot market on Binance reached an all-time high of 7.82.
- Daily derivatives volume on the platform reached $57.82 billion, compared to $6.08 billion traded on the spot market.
- The spot price of Bitcoin remained above the $60,000 threshold for two consecutive months.
Activity in Bitcoin derivatives on Binance recorded a historical disparity compared to spot trading, as futures market volume multiplied nearly eightfold relative to spot. According to CryptoQuant data published on Friday, this divergence represents the highest relative level ever recorded on the exchange.
Daily volume traded in futures contracts on Binance reached $57.82 billion during the week. In contrast, spot transactions totaled $6.08 billion over the same period.
Arab Chain, a contributing analyst at CryptoQuant, noted that Bitcoin’s price has stayed near $64,000 while derivative products are growing faster than the spot market. He added that this trend reflects a trader preference for leverage, risk management tools, and short-term trading strategies.
… Continue reading the full article at the original source below.
