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.
Comments
Join Our Community
Sign up to share your thoughts, engage with others, and become part of our growing community.
No comments yet
Be the first to share your thoughts and start the conversation!