According to The Block’s report Bitcoin (BTC) Futures trading volume hit the lowest level since November 2020 in August.
According to data from The Block Research, bitcoin Futures trading volume was $941.5 billion in August.
Compared to other months, in December 2020 BTC Futures trading volume was $970.1 billion, the lowest level since November 2020 when the volume was $779 billion.
In addition, the August volume level of $ 941.5 billion BTC It was the first month when the futures trading volume fell below $1 trillion.
While the transaction volume in Bitcoin decreased, the volume in Ethereum increased. In this case, it is planned to take place in mid-September. Merge The effect of the upgrade is huge.
As investors’ expectations for Merge increase Ethereum (ETH) The volume of transactions also increased.
Looking at the data ETH Futures rose to $1.05 trillion, surpassing $1 trillion for the first time since May 2021.
Biggest cryptocurrency after BTC Ethereum’In May 2021, futures trading volumes last exceeded $1 trillion per month and reached $1.64 trillion.
Let’s look at the other months ETH Futures trading volume was $934.9 billion in July, while it was $806.65 billion in June.
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