Bitcoin continues to trade at record highs.
According to Checkonchain data, Wednesday’s Bitcoin (BTC) volume of $130 billion was one of the highest in its history. Trade volume has soared since President Trump won the U.S. election in early November, doubling from a daily average of $65 billion.
The futures market (total futures contracts traded) recorded $110 billion in volume yesterday. This is the fifth highest futures trading volume on record, following just a few days of improvement in November and December last year.
The spot market recorded a trading volume of around $15 billion, which is close to an all-time high. Meanwhile, Bitcoin ETFs saw trading volume of around $5 billion, about half of the all-time high recorded in March 2024.
It is worth noting that options volume was not included in the daily volume of $130 billion, but it is also growing rapidly. According to data from Glassnode, the total amount of options contracts traded in the last 24 hours is over $3 billion.
As Bitcoin strives to become a global settlement layer, the more volume and liquidity that can be generated, the more likely the asset is to be onboarded to institutions that want to settle billions of dollars at any given time.
