Binance Bitcoin volume ratio hits record as futures outweigh spot nearly 8 to 1

The ratio of daily Bitcoin futures to spot trading volume on Binance has hit an all-time high. As Cointelegraph reports, the ratio reached 7.82, with daily futures volume at $57.82 billion against just $6.08 billion in spot. Bitcoin is trading near $64,000, stuck in a narrow range above $60,000 for about two months now.

CryptoQuant analyst Arab Chain links the shift to traders increasingly turning to futures for leverage, risk management, and short-term strategies rather than outright buying and selling. CryptoQuant CEO Ki Young Ju notes that spot demand is weakening: futures demand remains net positive, but is significantly lower than during the rebound three months ago. Following a 7.4% July gain, Bitfinex Research expects the range to hold through August — but says options traders are pricing in hedges for a downside move several weeks out, pointing to September.

“Bitcoin spot demand is weakening. Futures demand remains net positive, but is significantly lower than during the rebound three months ago.”

— Ki Young Ju, CEO, CryptoQuant

• Binance futures-to-spot ratio: a record 7.82 — $57.82B versus $6.08B
• Bitcoin stuck above $60,000 for about two months, now trading near $64,000
• Bitfinex Research: options traders are hedging for a downside move in September

The widening gap between futures and spot builds on what we've already covered: just yesterday bitcoin was nearing $65,000 on oil and inflation hopes, and just before that we looked at who's actually selling coins in the current corridor. A growing leverage share of volume is another signal that price action right now is being driven more by speculative positioning than by outright buying.

This piece is informational, not a recommendation to buy, sell, or hold any asset.