Amid falling bitcoin prices, BTC futures trading volumes have skyrocketed this week.
If at the beginning of the week the largest digital currency was trading above $ 58,000 and was preparing to break through to $ 60,000, then on Monday its rate fell by more than $ 10,000. Bitcoin found the bottom around $ 47,700.
Today the BTC rate is holding slightly above $ 50,400. The cryptocurrency capitalization is now about $ 940.5 billion.
Bitcoin futures trading volume hit an all-time high earlier this week. At its peak, it exceeded $ 294.1 billion, according to the survey.
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If you look at the data provided by the researchers, you can see that the top three were Binance, Huobi, and OKEx, which accounted for trading volumes of up to $ 103.43 billion, $ 75.89 billion, and $ 45.08 billion, respectively. Next on the leaderboard are ByBt, FTX, and BitMEX platforms.
The Skew team came to similar conclusions. She also drew attention to the growing interest of investors in the futures market and noted that the previous maximum in trading was observed in mid-January 2021.
Volatility may worsen at the end of this week. This coming Friday, February 26th, Bitcoin futures and options will expire. Turbulence usually returns to the market during this period.