August 9th futures data update

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Bitget2024/08/09 05:35

By:Bitget

Crypto trading volumes surge 19% in July, hitting $4.94 trillion

In a significant turnaround, global crypto trading volumes on centralized exchanges surged by 19% in July, reaching $4.94 trillion. This marks the first increase in trading volumes in four months. According to the latest research report from CCData, spot trading volumes rose by 14.3%, totaling $1.44 trillion, while derivatives trading volumes saw an increase of 21%, reaching $3.50 trillion.

The share of the derivatives market climbed to 70.9%, the highest level recorded since December 2023.

The report cites several factors for the uptick in trading volume, including the launch of spot Ether exchange-traded funds (ETFs) in the United States and positive sentiment from US political figures at the Bitcoin conference in Nashville, Tennessee.

The recent surge in trading volumes underscores the crypto market’s sensitivity to regulatory and macroeconomic factors and its capacity for rapid recovery and growth.

In July, the CME exchange’s trading volume rose 23.7% to $130 billion, with a $3.69 billion record options trading and substantial gains in Bitcoin and ETH futures and options, driven by institutional interest in ETH ahead of the US spot ETFs launch on July 23.

Source: CoinTelegraph

Futures Market Updates

BTC returning to $60K got short rekt and brought back the Long/Short ratio to bullish levels.

Bitcoin Futures Updates

Total BTC Open Interest: $28.77B (+4.95%)

BTC Volume (24H): $88.48B (+14.62%)

BTC Liquidations (24H): $18.36M (Long)/$79.61M (Short)

Long/Short Ratio: 51.20%/48.80%

Funding Rate: 0.0035%

Ether Futures Updates

Total ETH Open Interest: $10.64B (+7.25%)

ETH Volume (24H): $37.90B (-2.03%)

ETH Liquidations (24H): $23.14M (Long)/$30.42M (Short)

Long/Short Ratio: 50.94%/49.06%

Funding Rate: -0.0002%

Top 3 OI Surges

PIXFI: $2.00M (+427.99%)

SCA: $720.95K (+223.18%)

TOKEN: $19.64M (+161.19%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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