Bitcoin futures volume dopped 57% in September
Bitcoin (BTC) futures trading volume dropped by more than half in September, led by Binance volume s falling. According to a Sept. 19 K33 Research report, Bitcoin spot futures trading volume s fell by 57% since the beginning of September — with Binance being a key driver with a 48% fall. Bitcoin spot volume s also fell by 8% over the last seven days due to the fall in trading activity in Binance, while combined volume s on other exchanges stayed at a relatively steady level. K33 Senior Analyst Vetle Lunde and Vice President Anders Helseth noted in the report that despite the fall in futures volume , indicators suggest a growing bullish sentiment among Bitcoin futures traders on the Chicago Mercantile Exchange (CME) — following the bearish sentiment reported in mid-August. Bitcoin’s open interest from active market participants on CME Bitcoin futures increased by 19% over the past week alone, with premiums also increasing. On the other hand, CME’s Ethereum (ETH) ope...