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.
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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