CryptoQuant analyst maartunn said Binance’s monthly futures trading volume has exceeded $1.6 trillion, setting a new high for the year. The update comes with Bitcoin still hovering around $60,000 and overall market sentiment remaining cautious. According to the post, many traders still describe the market as bearish.
The report also noted that Europe is still adjusting to the Markets in Crypto-Assets, or MiCA, regulatory framework, while the summer holiday period usually slows trading activity. Even so, Binance’s derivatives business has continued to show strength. The jump in volume suggests that traders are still actively using Binance’s futures market despite restrained sentiment and seasonal softness in broader activity.
Binance futures volume hits a yearly high
CryptoQuant analyst maartunn said Binance’s monthly futures trading volume has surpassed $1.6 trillion, marking a new high this year, according to ChainCatcher.
Bitcoin is still hovering around $60,000, and market sentiment remains cautious. Many traders continue to describe the market as bearish.
Trading stays active despite MiCA adjustment and summer slowdown
The report said Europe is still adapting to the Markets in Crypto-Assets (MiCA) rules, and summer holidays typically lead to slower trading activity. Even so, Binance’s derivatives market has remained strong. The surge in volume points to continued trader participation in Binance’s futures market despite those conditions.
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