{"id":180083,"date":"2023-10-24T18:15:13","date_gmt":"2023-10-24T12:45:13","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=180083"},"modified":"2023-10-24T18:15:13","modified_gmt":"2023-10-24T12:45:13","slug":"bitcoin-futures-volume-surges-233-in-24-hours-to-reach-87-billion-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-futures-volume-surges-233-in-24-hours-to-reach-87-billion-crypto-news\/","title":{"rendered":"Bitcoin futures volume surges 233% in 24 hours to reach $87 billion – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

Amid Bitcoin\u2019s near 20% surge to the $35,000 mark within the past five days, the volume of Bitcoin futures contracts witnessed an astounding rise of 233% in just 24 hours, signaling a heightened level of trading activity.<\/p>\n

This significant uptick in futures volumes, which allows traders to agree to buy or sell Bitcoin at a fixed price in the future, could be indicative of escalated speculative activity, hedging strategies, or a spike in institutional interest.<\/p>\n

Futures Volume: (Source: Coinglass)<\/figcaption><\/figure>\n

The aggregate volume of futures contracts reached a remarkable $87 billion on October 23, marking one of the highest recorded this year. A substantial portion of this activity can be attributed to ByBit and Deribit, with volumes of $17 billion and over $2 billion, respectively, significantly higher than their average volumes.<\/p>\n

\"Futures
Futures Volume Bybit: (Source: Glassnode)<\/figcaption><\/figure>\n

In addition to the aforementioned trends, other exchanges have also experienced a noteworthy increase in futures activity. For instance, Binance has recorded a surge in its futures volume to nearly $48 billion, marking a substantial rise of $30 billion within the past 24 hours. Similarly, OKX is not far behind, with its futures volume reaching approximately $20 billion, up by $15 billion in the same 24-hour span.<\/p>\n

\"Futures
Futures Volume: (Source: Glassnode)<\/figcaption><\/figure>\n

The post Bitcoin futures volume surges 233% in 24 hours to reach $87 billion<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take Amid Bitcoin\u2019s near 20% surge to the $35,000 mark within the past five days, the volume of Bitcoin futures contracts witnessed an astounding rise of 233% in just 24 hours, signaling a heightened level of trading activity. This significant uptick in futures volumes, which allows traders to agree to buy or sell Bitcoin […]<\/p>\n","protected":false},"author":2,"featured_media":180084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-180083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=180083"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180083\/revisions"}],"predecessor-version":[{"id":180085,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180083\/revisions\/180085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/180084"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=180083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=180083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=180083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}