Record-Breaking Bitcoin Trading Day: $130 Billion Volume Shakes the Market!
Coindesk•2 months ago•
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Record-Breaking Bitcoin Trading Day: $130 Billion Volume Shakes the Market!

Market Sentiment
bitcoin
trading
market
futures
etfs
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Summary:

  • $130 billion in total bitcoin trade volume recorded, one of the highest in history.

  • Futures market contributed approximately $110 billion.

  • Spot market volume approached an all-time high at $15 billion.

  • Bitcoin ETFs saw around $5 billion in trading volume.

  • Options contracts traded over $3 billion in the last 24 hours.

Bitcoin Trading Hits New Heights

Bitcoin continues to trade at record levels. According to data from checkonchain, Wednesday's total bitcoin (BTC) volume reached $130 billion, marking one of the highest trading volumes in its history. This surge in trading activity follows a significant increase since the recent U.S. presidential election, where trade volume doubled from an average of $65 billion per day.

BTC: Futures vs Spot vs ETF Trade Volume (Checkonchain)

Key Highlights:

  • The futures market accounted for approximately $110 billion in volume, ranking it as the fifth-highest recorded.
  • The spot market traded around $15 billion, nearing an all-time high.
  • Bitcoin ETFs saw about $5 billion in trading volume, about half of the peak seen in March 2024.
  • Notably, options volume is not included in the $130 billion figure, but it's also experiencing rapid growth, with over $3 billion in options contracts traded in the last 24 hours.

With bitcoin positioning itself as a global settlement layer, increasing volume and liquidity are crucial for attracting institutions that aim to conduct transactions worth billions swiftly.

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