Insights

Futures contracts decline as trade volume plummets by $10 Billion in 24hrs

exchange681 week ago

0 0 1 minute read

Quick Take

Futures volume is defined as the total volume (USD Value) traded in futures contracts in the last 24 hours, and is essential to understanding the dynamics of Bitcoin purchases in both spot and derivatives markets.
Futures volume continues to diminish at its second lowest point this year, 767,000 BTC in futures contracts, roughly $20 billion.
In the past 24 hours, roughly $10 billion less of futures volume was traded, with most contracts closed at Binance.
Binance holds the majority (about 66%) of futures volume contracts, although its overall share is gradually decreasing.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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