, the current futures trading volume was more than the spots trading volume. The latest data on Bitcoin’s spot and futures trading volumes indicated a significant disparity.As of this writing, the chart revealed that spot trading volume was a mere 35,000, whereas derivatives trading volume exceeded 369,000. On 28 April, the situation was even more pronounced, with spot trading volume hovering around 92,000 while derivatives trading volume reaching nearly 900,000.
Unlike the spot market, where one owns Bitcoin outright, futures traders enter into a contract to buy or sell Bitcoin at a predetermined price on a specific date in the future.According to data from Glassnode, the current Bitcoin Volatility Index has surpassed the 60% mark. It stood at 67.8% as of this writing and indicated a possible uptrend in volatility.
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Source: CryptoAmb - 🏆 22. / 68 Read more »