Editor's PiCK
Bitcoin, Spot and Futures Trading Volume Surge Simultaneously…"Indicates Market Interest"
Son Min
Summary
- Glassnode stated that the trading volumes of Bitcoin's perpetual futures and spot have surged since the 9th.
- Bitcoin spot trading volume rose by 50.3%, while futures trading volume increased by 31.9%.
- However, both trading volumes are still 23% and 22% below this year’s average, so it is analyzed that market sentiment hasn’t fully recovered.
There is an analysis suggesting that overall market interest in Bitcoin (BTC) in the virtual asset (cryptocurrency) market is growing.
On the 14th (local time), Glassnode stated via X (formerly Twitter), "Since the 9th, both perpetual futures and spot trading volumes of Bitcoin have risen sharply," adding, "This is a sign that overall market interest in Bitcoin has increased."
According to the data, Bitcoin spot and futures daily trading volumes grew by 50.3% and 31.9%, respectively, compared to the 9th. However, both figures remain 23% and 22% below this year's average, indicating that market sentiment has not yet fully recovered.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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