Bitcoin Trade Volume Wednesday Was One of the Largest Ever

Bitcoin continues to commercialized astatine grounds levels.

According to checkonchain data, Wednesday's $130 cardinal bitcoin (BTC) measurement was 1 of the highest successful its history. Trade measurement has soared since President Trump won the U.S. predetermination astatine the commencement of November, doubling from a regular mean of $65 billion.

The futures marketplace (the full traded successful futures contracts) yesterday saw $110 cardinal worthy of volume. This was the fifth-highest futures commercialized measurement recorded, lone bettered connected a fistful of days successful November and December past year.

The spot marketplace saw astir $15 cardinal of traded volume, which is approaching an all-time high. Meanwhile, bitcoin ETFs saw astir $5 cardinal worthy of commercialized volume, which is astir fractional the all-time precocious seen successful March 2024.

It is worthy noting that options measurement has not been included successful the $130 cardinal regular measurement figure, but it excessively is increasing rapidly. According to Glassnode data, the full magnitude of options contracts traded successful the past 24 hours is much than $3 billion.

With bitcoin is vying to beryllium a planetary colony layer, the much measurement and liquidity that tin beryllium generated, the greater the asset's accidental of onboarding institutions that privation to settee successful billions of dollars astatine a moment's notice.