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Binance futures volume swamps spot, Bitcoin ratio hits 7.82

On Binance this week, daily Bitcoin futures volume reached $57.8 billion versus $6.1 billion for spot, according to CryptoQuant data.

Reported · Written up by our desk · Market Structure

Binance is seeing a record split between Bitcoin spot and derivatives activity, with futures trading far outpacing spot. Cointelegraph, citing CryptoQuant data, reported that the Bitcoin futures-to-spot trading volume ratio hit 7.82, meaning futures volume outweighs spot nearly eight times.

The gap is reflected in Binance volumes for the week, where daily Bitcoin futures volume reached $57.82 billion while spot volume was $6.08 billion. CryptoQuant contributing analyst Arab Chain said the divergence is occurring as Bitcoin trades near the mid-$64,000 area, while futures volume continues to grow faster than spot.

The record follows months of retreating demand, with retail trading showing an “exodus” in particular, Cointelegraph said. On a rolling 30-day basis, CryptoQuant data shows both spot and derivatives demand deteriorating, though spot has been declining more consistently since June, while BTC/USD has stayed in a narrow range above $60,000 for about two months.

Cointelegraph also pointed to earlier weakness in onchain realized losses around February, when Bitcoin first fell to the $60,000 level. It added that traders flagged decaying volume across both spot and derivatives, noting volumes cluster in the middle of the range and thin out near the extremes, according to Bitfinex.

Latest closeBitcoin $64,976.42 ▲1.1%

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