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Binance Bitcoin Futures Hit $57.82B — Eight Times the Spot Market Volume
['Sakamoto Nashi']
The Currency analytics
Futures volume at $57.82 billion dwarfing spot at $6.08 billion means traders aren’t really buying Bitcoin the old way anymore.
AdvertisementSpot Market Losing Its GripThe spot market used to be the backbone of Bitcoin trading.
Related: Binance Bitcoin Futures Hit $57.82 Billion as Spot Trading Shrinks 8-FoldThat kind of stagnation tends to make analysts nervous.
The $57.82 billion futures figure against $6.08 billion in spot volume is the clearest proof yet.
Bitcoin futures on Binance reached $57.82 billion in volume, compared to just $6.08 billion in spot trading — making futures roughly eight times larger than the spot market.