Remarkable Bitcoin Trading Volume Reached Historic Levels
Across ETFs, spot, and futures trade, bitcoin combined for $130 billion volume yesterday.
Summary of Findings:
- Total Trade Volume: Wednesday’s bitcoin trade volume reached $130 billion, marking it as one of the highest trading periods in history.
- ETF Volume: Approximately $5 billion.
- Futures Trade Volume: Recorded at $110 billion, indicating one of the highest levels historically.
Bitcoin has been trading at unprecedented levels, with recent data from checkonchain showing a surge in activity. Following the recent U.S. elections where President Trump was victorious, the average daily trading volume for bitcoin has doubled from $65 billion.
The futures market recorded a volume of $110 billion yesterday, making it the fifth-highest trading day in history, only surpassed in a few days last November and December.
Additionally, the spot market saw volumes nearing $15 billion, approaching an all-time high, while bitcoin ETFs accounted for about $5 billion in trade volume, which is close to the peak seen in March 2024.
It’s important to note that options volume is not included in the total of $130 billion, yet is also on the rise, recorded at over $3 billion in contracts traded in the last 24 hours.
As bitcoin aspires to become a global settlement layer, increasing trading volume and liquidity is crucial to attracting institutions prepared to settle multi-million dollar transactions swiftly.
