Daily volume reached $57.82 billion this week, dwarfing spot trading volume of just $6.08 billion. The result is thin, directionless spot volume and a market that can’t seem to find a reason to move. AdvertisementCryptoQuant’s data shows the decline in spot demand has been more pronounced than the drop in derivatives. Ki Young Ju, CEO of CryptoQuant, said futures demand remains positive but hasn’t recovered to where it was three months ago. CryptoQuant reports the ratio hit a record 7.82, with daily futures volume at $57.82 billion versus $6.08 billion in spot trading.