In the past week, the Bitcoin derivatives market has been a whirlwind of activity. Trading volumes for perpetual futures took a nosedive from $53.156 billion on June 12 to just $10.910 billion by June 15, only to rebound drastically to $51.239 billion by June 18. Interestingly, these fluctuations did not exactly mirror Bitcoin’s price movements, exposing a complex interplay of market factors. The discrepancy between Binance's perpetual futures and spot trading volumes further highlights...
Perpetual futures trading volume surges as Bitcoin spot trading lags
Perpetual futures volumes seem driven by factors beyond just Bitcoin's price movements.
2 min read
Updated: Jun. 19, 2024 at 4:48 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
