CryptoQuant analyst: Binance Bitcoin futures cumulative trading volume approaches $800 trillion

CryptoQuant analyst Darkfost stated that the recent pullback of Bitcoin from around $82000 to below $60000 has driven an increase in speculative activity in the derivatives market. Since early June, the daily trading volume of Binance futures has reached a peak of $39.5 billion and $35.5 billion, respectively. In early February, when Bitcoin fell below $60000, it exceeded $42 billion in a single day. The daily trading volume of Binance spot has increased from approximately $1.5 billion to $4 to $5 billion, still below its peak of over $10 billion in early February. The cumulative trading volume of Binance Bitcoin futures has approached $80 trillion, exceeding the global annual GDP and the valuation of the global real estate market.