Bitcoin continues to trade at record levels.
According to data from checkonchain, Wednesday’s $130 billion bitcoin (BTC) volume was one of its highest ever. Trade volume has soared since President Trump won the US election in early November, doubling from a daily average of $65 billion.
The futures market (the total traded in futures contracts) recorded a volume of 110 billion dollars yesterday. This was the fifth-highest futures trading volume on record, only improving on a few days in November and December last year.
The spot market recorded approximately $15 billion in trading volume, approaching an all-time high. Meanwhile, bitcoin ETFs recorded trading volume of around $5 billion, which is about half of the all-time high seen in March 2024.
It is worth noting that options volume has not been included in the daily volume figure of $130 billion, but it is also growing rapidly. According to Glassnode data, the total number of options contracts traded in the last 24 hours exceeds $3 billion.
As Bitcoin competes to be a global settlement layer, the more volume and liquidity that can be generated, the greater the asset’s chances of incorporating institutions that want to settle billions of dollars at any time.
