Bitcoin perpetual futures volume on Binance hit its sixth-lowest daily level in five years on August 8, despite Bitcoin trading steadily around $65,000. In July, Binance’s Bitcoin futures volumes had surpassed $57 billion in transactions, with the futures-to-spot volume ratio climbing to approximately 7.8x. This sharp decline contrasts with previous activity and may indicate a shift in trader positioning or a period of low volatility. Binance remains the world’s largest crypto derivatives exchange by a significant margin.
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