Binance Bitcoin volume ratio hits record as futures outweigh spot eight times over
Binance saw a record divergence between daily spot and futures trading volumes, with the latter reaching nearly $58 billion.
Binance experienced an unprecedented surge in Bitcoin (BTC) trading volume this week, with derivatives trading nearly eight times higher than spot markets, according to data from CryptoQuant. The Bitcoin futures-to-spot trading volume ratio stands at an astonishing 7.82, marking a record high. Daily Bitcoin futures volume reached a staggering $57.82 billion, while spot volume trailed at $6.08 billion.
CryptoQuant's contributing analyst, Arab Chain, attributed this trend to a shift in market activity, with investors and traders favoring futures for leverage, risk management, and short-term strategies. The record-breaking volume comes after months of declining investor demand, particularly in the retail sector. Bitcoin has been trading near $64,000, while futures volume continues to grow faster than spot trading volume.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
