On Binance, the ratio of futures to spot volumes reached a new all-time peak. Driven by futures trading, BTC mostly moved sideways, trading at $64,339.89. In the past months, futures trading volumes expanded faster compared to spot trading. BTC spot volumes keep weakeningBTC spot positions may be used as a hedge for futures trading. According to analyst @darkfrost, BTC spot demand has been falling for the past 10 months, still affected by the October 10 crash.