Bitcoin continues to trade at record levels, capturing the attention of investors and analysts alike. According to checkonchain data, Wednesday’s trading volume for Bitcoin (BTC) reached an astonishing $130 billion, marking one of the highest volumes in its history. This surge in activity correlates closely with the political landscape, particularly following President Trump’s victory in the U.S. election at the start of November, as trading volume doubled from a daily average of $65 billion.
In the futures market, total trading volume yesterday amounted to $110 billion, making it the fifth-highest recorded volume for futures contracts. This impressive figure is only surpassed by a select few days in November and December of the previous year, demonstrating a sustained interest in Bitcoin derivatives.
The spot market also witnessed significant activity, with approximately $15 billion in traded volume, inching closer to an all-time high. Meanwhile, Bitcoin Exchange-Traded Funds (ETFs) contributed an additional $5 billion in trade volume, a commendable figure that is about half of the peak seen in March 2024.
It is essential to highlight that the reported $130 billion daily volume does not take into account the growth in options trading, which is becoming a significant player in the market. As per Glassnode data, the total value of options contracts traded in the last 24 hours exceeded $3 billion, pointing to a burgeoning area of interest among traders.
As Bitcoin positions itself as a potential global settlement layer, the generation of increased volume and liquidity becomes essential. The more robust the trading environment, the greater the chances of attracting institutional players keen on settling transactions worth billions of dollars swiftly.
