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 Bitcoinโs 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 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.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Tether
$1.00042
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
