The data show that Bitcoin has recently observed the growth of the Futures volume, breaking away from such as Ethereum (ETH) and Solana (SOL).
Bitcoin Futures Volume has recently increased
In modern post At X, the analytical company in the Glassnode chain talked about the latest trends in the field of Futures trading for Bitcoin and two other best cryptocurrencies.
“Futures commercial volume” refers to an indicator here, which follows the total amount of a given cryptocurrency, which is involved in transactions related to Futures on centralized exchanges of derivative instruments.
First of all, here is a chart that focuses on the volume of trade in the Futures Bitcoin contract:
Looks like the value of the metric has been on the rise for BTC in recent days | Source: Glassnode on X
As shown in the graph above, the BTC Futures commercial volume observed a decrease last month, but its value recently found a reflection. At a low level, the indicator approached the $ 40 billion sign, but since then it increased to $ 57 billion.
“Bitcoin Futures Wolume started a year $ 60 billion, reached the top of USD 63 billion, and now amounts to USD 57 billion – 32% higher than February 23, but below the summit in December 74 billion USD,” notes the analytical company.
Although the number one cryptocurrency has recently registered an escalate in the indicator, the same did not apply to Ethereum and Solana. The table shows that the indicator moves relatively flat for these two assets.
The trend in the ETH futures trading volume over the past year | Source: Glassnode on X
The Futures Ethereum volume measured about $ 32 billion at the beginning of the year, and today it is $ 28 billion, which is not a gigantic difference. Similarly, the indicator started a year with Solana worth $ 7 billion, and now it is $ 8.7 billion, once again a relatively compact change.
The value of the metric has also been moving sideways for SOL | Source: Glassnode on X
The Futures commercial volume serves as a look at the speculative interest in cryptocurrency. The recent trend would mean that Bitcoin attracts the attention of investors, while Altcoins remain antiquated.
In some other messages, the Intotheblock market intelligence platform revealed WX post As recently, they began to escalate Bitcoin supply.
The analytical company defines “long -term owners” as investors who have been holding their coins for over a year ago, without transferring or selling them even once.
The BTC HODLers have just seen a turnaround in their supply | Source: IntoTheBlock on X
According to Intotheblock, long -term owners generally accumulate during bear markets, so the last change may be a sign that the mood changes towards the bear. The analytical company also notes: “It should be remembered that this is not always a reliable signal: that in mid -2012, a similar accumulation did not lead to a prolonged slowdown.”
BTC price
At the time of writing, Bitcoin floats by about USD 81,800, which is a decrease by over 3% in the last 24 hours.
The price of the coin appears to have retraced its recovery | Source: BTCUSDT on TradingView
A distinguished painting with Dall-E, Intotheblock.com, Glasnode.com, Chart from tradingview.com
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