volumes – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 06 Sep 2025 04:31:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 volumes – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin treasury companies’ purchase volumes slump despite record transaction count https://earlybirdsinvest.com/bitcoin-treasury-companies-purchase-volumes-slump-despite-record-transaction-count/ https://earlybirdsinvest.com/bitcoin-treasury-companies-purchase-volumes-slump-despite-record-transaction-count/#respond Sat, 06 Sep 2025 04:31:58 +0000 https://earlybirdsinvest.com/bitcoin-treasury-companies-purchase-volumes-slump-despite-record-transaction-count/

Bitcoin (BTC) treasury companies reached a record holding of 840,000 BTC in August, but underlying data reveal weakening institutional demand.

According to a Sept. 5 report by CryptoQuant, purchase volumes and transaction sizes plummeted to multi-year lows.

Strategy led corporate Bitcoin accumulation with 637,000 BTC, representing 76% of total treasury holdings. At the same time, 32 other companies control the remaining 203,000 BTC.

Holdings surged following the November 2024 US Presidential Election, with Strategy more than doubling its position from 279,000 to 637,000 BTC and other companies expanding their holdings 13-fold from 15,000 to 203,000 BTC.

Declining purchase volumes

Strategy acquired 3,700 BTC in August, down dramatically from 134,000 BTC purchased in November 2024. Other treasury companies purchased 14,800 BTC, which is below the 2025 average of 24,000 BTC and significantly lower than their June peak of 66,000 BTC.

The average Bitcoin per transaction dropped to 1,200 for Strategy and 343 for other companies, down 86% from early 2025 highs. The report attributed the smaller transaction sizes to liquidity constraints or potential market hesitation among institutional buyers.

Monthly holdings growth decelerated sharply for Strategy, falling from 44% in December 2024 to just 5% in August. Other treasury companies experienced similar patterns, with monthly growth dropping from 163% in March to 8% in August.

Despite recording 53 purchase transactions in June and maintaining elevated activity through August with 46 transactions, the frequency masks declining institutional appetite. Treasury companies completed only 14 transactions in November 2024, making current levels appear robust by comparison.

The report focused on pure-play, publicly-traded Bitcoin treasury companies holding 1,000 BTC or more, excluding mining companies and firms with substantial operating businesses like Tesla and Coinbase.

Regulatory and market pressures mount

The treasury market faces new regulatory headwinds as Nasdaq implements shareholder approval requirements for equity issuances used to purchase crypto.

The rule change targets the crypto-treasury playbook, where public companies sell equity or convertibles to fund token purchases. As a result, this change could slow the rapid capital deployment that characterized 2025.

In addition, Sequans Communications became the first Bitcoin treasury company to execute a reverse stock split, adjusting its American Depositary Shares structure to maintain NYSE listing requirements.

The company controls 3,205 BTC, valued at approximately $355 million, but its stock declined 75% this year, raising concerns about potential asset sales to defend share prices.

The report concluded by revealing patterns similar to the 2020-2021 cycle, when Strategy’s holdings growth peaked at 78% before declining to 6% a year later. The current setup suggests institutional Bitcoin accumulation may be entering a similar deceleration phase.

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]]> https://earlybirdsinvest.com/bitcoin-treasury-companies-purchase-volumes-slump-despite-record-transaction-count/feed/ 0 56991 PEPE Faces 15% Downside Risk as Trading Volumes and On-Chain Activity Plunge https://earlybirdsinvest.com/pepe-faces-15-downside-risk-as-trading-volumes-and-on-chain-activity-plunge/ https://earlybirdsinvest.com/pepe-faces-15-downside-risk-as-trading-volumes-and-on-chain-activity-plunge/#respond Thu, 04 Sep 2025 12:09:37 +0000 https://earlybirdsinvest.com/pepe-faces-15-downside-risk-as-trading-volumes-and-on-chain-activity-plunge/

Meme-inspired cryptocurrency PEPE PEPE$0.0₅9604 is under pressure after slipping below a key support level, sparking warnings of a possible 15% drop.

The move comes as trading volumes fell to $980 million and open interest contracted 4% to $535 million based on CoinGlass data, signaling waning conviction among traders.

Derivatives data show long liquidations hit $326,000, far outpacing just $9,900 in shorts, based on the same data source, highlighting an imbalance that could accelerate downward momentum.

Meanwhile, activity on the PEPE network has collapsed to fewer than 3,000 daily active addresses, Glassnode data shows. That’s a sharp drop from late 2024, when a peak 27,500 addresses were active during a major price rally.

According to trader Alpha Crypto Signal, the price of PEPE could see a major breakdown and slow towards the $0.0000085 to $0.0000080 area as it comes off of a symmetrical triangle.

Meanwhile, Nansen data for the past week shows the top 100 PEPE addresses on the Ethereum blockchain added just 0.2% to their holdings, while PEPE on exchanges rose 1.13%.

Technical Analysis Overview

PEPE showed volatility during the latest trading cycle, with a 5% range between $0.000010028 at the high and $0.000009567 at the low, according to CoinDesk Research’s technical analysis data model.

A rally earlier in the week briefly pushed prices to the $0.000010000 mark on volume of 2.6 trillion tokens, but the move stalled and sellers regained control.

Since then, the token has drifted lower, testing $0.000009610, a 4% pullback from recent highs. Hourly trading also showed resistance forming near $0.000009640 despite sharp volume spikes above 89 billion, suggesting distribution rather than accumulation.

]]> https://earlybirdsinvest.com/pepe-faces-15-downside-risk-as-trading-volumes-and-on-chain-activity-plunge/feed/ 0 56716 BlackRock’s Ethereum ETF leads $640 million inflow spree, hits record trading volumes https://earlybirdsinvest.com/blackrocks-ethereum-etf-leads-640-million-inflow-spree-hits-record-trading-volumes/ https://earlybirdsinvest.com/blackrocks-ethereum-etf-leads-640-million-inflow-spree-hits-record-trading-volumes/#respond Fri, 15 Aug 2025 09:05:00 +0000 https://earlybirdsinvest.com/blackrocks-ethereum-etf-leads-640-million-inflow-spree-hits-record-trading-volumes/

US spot Ethereum exchange-traded funds (ETFs) extended their winning streak on Aug. 14, recording $639.6 million in net inflows.

Data from SoSo Value shows that BlackRock’s ETHA led the surge with $519.7 million in inflows.

It was followed by Grayscale Ethereum Mini Trust, which saw $60.7 million in inflows, Fidelity’s FETH attracted $56.9 million, and Invesco’s product added $2.2 million. Other issuers reported no inflow activity for the day.

Nate Geraci, president of NovaDius Wealth, highlighted the scale of the inflows. He pointed out that the Aug. 14 inflow ranked as the fourth-highest day for spot ETH ETFs since launch, with three of the top four days occurring this week.

He also noted that nearly $3 billion has entered these products over the past four trading sessions.

Considering this, Geraci said the Ethereum-focused funds are “quickly becoming a vacuum” for fresh investor capital.

Record trading volumes

Meanwhile, the inflows coincide with record trading activity, signaling increased institutional participation.

Ethereum ETFs
Ethereum ETFs Trading Volume (Source: Geraci/X)

Bloomberg ETF analyst Eric Balchunas highlighted that BlackRock’s ETF traded $3 billion on Aug. 13, marking the ETF’s largest single-day volume to date and ranking seventh overall in trading volume across all ETFs and stocks.

This activity level places ETHA in the top 0.1% of all ETFs and stocks, surpassing trading volumes in major institutions like JPMorgan and Berkshire Hathaway.

BlackRock ETHA
BlackRock’s ETHA Trading Volume (Source: X/Balchunas)

Geraci added that these figures point to a broader trend that institutional investors are not only increasing exposure to Ethereum but are also relying on regulated ETFs as a primary avenue for participation.

]]> https://earlybirdsinvest.com/blackrocks-ethereum-etf-leads-640-million-inflow-spree-hits-record-trading-volumes/feed/ 0 53294 Ethereum Spot Volumes Eclipse Bitcoin’s as Altseason Heats Up https://earlybirdsinvest.com/ethereum-spot-volumes-eclipse-bitcoins-as-altseason-heats-up/ https://earlybirdsinvest.com/ethereum-spot-volumes-eclipse-bitcoins-as-altseason-heats-up/#respond Thu, 24 Jul 2025 06:00:08 +0000 https://earlybirdsinvest.com/ethereum-spot-volumes-eclipse-bitcoins-as-altseason-heats-up/

First time in over a year, Ethereum spot trading volume is greater than Bitcoin’s, reported CryptoQuant on Wednesday.

Last week, ETH spot trading hit $25.7 billion compared to $24.4 billion for Bitcoin, it added, noting that this pushed the ETH/BTC spot volume ratio above 1 for the first time since June 2024.

“Investors are rotating to ETH and altcoins,” analysts said.

Ethereum Outperforming Bitcoin

Ethereum’s price ratio against Bitcoin has surged from 0.018 to 0.031, reaching its highest level since January. This recovery comes after ETH hit extremely undervalued levels earlier this year, the analysts stated.

US ETF data also reveals investors are allocating more capital to Ethereum relative to Bitcoin, with the ETH/BTC ETF holding ratio doubling from 0.05 to 0.12. Additionally, ETH faces less selling pressure than Bitcoin, as measured by lower exchange inflows, suggesting the outperformance trend could continue, they added.

CryptoQuant also noted that altcoin spot trading volume surged to the highest level since March, suggesting that a rotation of capital was underway.

“The spot trading volume for altcoins totaled $67 billion on July 17, signaling renewed interest from traders for these types of coins.”

The CoinGlass “crypto flippening index” reports an increase in flippening potential for ETH versus BTC, although it remains low at 18.5%. However, the metric has climbed from 11.5% in late April when ETH was wallowing around $1,700.

Ethereum’s price ratio against Bitcoin has fallen 5.8% in the past 60 hours, commented Santiment on Thursday, predicting a second wave.

“If trading and social volume fall the rest of the week, this would be a strong signal that a second bullish wave is coming up due to impatience and profit taking coming from the retail crowd.”

Meanwhile, Glassnode commented that altcoins were “showing broad strength following Bitcoin’s lead,” cautioning that surging open interest across the sector “suggests speculative froth may be building, raising the risk of sharper volatility ahead.”

Ether Price Retreats

Ethereum prices dipped more than 7% from their 2025 high on Monday in a fall below $3,600 in late trading on Wednesday.

It is natural for some profit to be taken after a massive 50% rally in just one month, and many analysts predict that Ether will continue higher due to sustained institutional and corporate buying pressure.

A number of prominent analysts have predicted a sharp move to $8,000 over the coming months.

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]]> https://earlybirdsinvest.com/ethereum-spot-volumes-eclipse-bitcoins-as-altseason-heats-up/feed/ 0 49347 NFT-related tokens soar in Q2, with PENGU leading despite decline in trading volumes https://earlybirdsinvest.com/nft-related-tokens-soar-in-q2-with-pengu-leading-despite-decline-in-trading-volumes/ https://earlybirdsinvest.com/nft-related-tokens-soar-in-q2-with-pengu-leading-despite-decline-in-trading-volumes/#respond Sat, 12 Jul 2025 05:55:45 +0000 https://earlybirdsinvest.com/nft-related-tokens-soar-in-q2-with-pengu-leading-despite-decline-in-trading-volumes/

NFT-related tokens delivered the strongest sector performance in the second quarter, gaining an average of 55.4% even as dollar-denominated NFT trading volume fell to multi-year lows.

Artemis data shows that the average gains from NFT-related tokens surpassed the second-best performance, which was Ethereum’s (ETH) 37.2%, by nearly 50%.

Pudgy Penguins’ PENGU token accounted for much of the sector’s advance. Trading data showed PENGU closed at $0.01476 on June 30, up from its intraday low of $0.00387 on April 8. The move represents a gain of roughly 3.8 times in just 83 days.

Daily turnover on Binance routinely exceeds $180 million in USDT terms, indicating sustained speculative appetite. The surge helped the NFT-applications basket outpace artificial intelligence tokens (35.6%) and Bitcoin (31.4%) during the period, according to Artemis.

As Bitcoin registered a new all-time high above $118,000 on July 11, PENGU is priced at $0.229 with a 20% price increase.

Volumes shrink while transaction counts climb

DappRadar’s “State of the Dapp Industry” report shows second-quarter NFT trading volume slipped to $823 million from $1.5 billion in the first quarter, a 45% drop. The slump is more significant if compared to the $4 billion in volume a year earlier, a 79% decline.

The drop came despite a jump in sales count to 12.5 million from 7 million the prior quarter, suggesting smaller ticket sizes dominated activity. 

DappRadar attributes the divergence to a market shift toward low-cost collectibles and gamified minting, which inflates transaction numbers without lifting notional value.

Market participants attributed the disconnect between token prices and marketplace turnover to speculation shifting from non-fungible assets to their related governance or meme tokens.

Artemis analysts noted that traders seeking leveraged exposure to NFT culture gravitated toward liquid exchange-listed tokens rather than illiquid JPEGs, a pattern that intensified once ETH funding rates turned negative in mid-May.

Broader sector data reinforce the split. The Bitcoin ecosystem increased by 6.2% and smart contract platforms rose by 16.2% during the quarter, but real-world asset tokens declined by 50.6% and data availability projects fell by 47.4%, according to Artemis. 

Second-quarter performance has left PENGU with a market capitalization exceeding $1.4 billion and a top 82 position on major price dashboards.

The token’s outsized rally, paired with shrinking marketplace volume, illustrates the growing detachment between fungible representations of NFT brands and the underlying non-fungible assets they reference.

Mentioned in this article
]]> https://earlybirdsinvest.com/nft-related-tokens-soar-in-q2-with-pengu-leading-despite-decline-in-trading-volumes/feed/ 0 47157 DEX Trading Volumes Explode – Are CEXes Losing Their Grip on Crypto? https://earlybirdsinvest.com/dex-trading-volumes-explode-are-cexes-losing-their-grip-on-crypto/ https://earlybirdsinvest.com/dex-trading-volumes-explode-are-cexes-losing-their-grip-on-crypto/#respond Sun, 06 Jul 2025 02:17:48 +0000 https://earlybirdsinvest.com/dex-trading-volumes-explode-are-cexes-losing-their-grip-on-crypto/

In June, total crypto market capitalization posted a modest 2.62% gain, even as volatility stayed elevated due to increased geopolitical tensions in the Middle East. Investor anxiety over potential energy supply disruptions and growing regional instability led to persistent pressure on asset prices.

Despite this, the DEX to CEX spot trade volume reached a historic peak of 27.9% in June.

DEX Fever Hits June

Over the past year, DEX trading volumes have more than doubled. This is in contrast with flat volumes on CEX platforms, according to the latest Binance Research report shared with CryptoPotato.

In fact, PancakeSwap led DEX market share growth as it climbed from 16% in April to 42% in June, driven by Alpha trading volume growth and the Infinity upgrade that boosted speed, cost, and liquidity efficiency. World Liberty Financial’s increased on-chain activity also boosted liquidity and yield opportunities.

Hyperliquid’s spot volume rose from $6 billion in January to nearly $10 billion in June, amidst fierce competition from decentralized perp trading solutions.

On Solana, PumpSwap also maintained strong user engagement. The same cannot be said for Raydium, Orca, and Meteora, which struggled to match their January trading peaks, then fueled by meme coin hype.

Hybrid CeDeFi Platforms Narrow the Gap

A major driver of this growth is that CEXes are increasingly channeling activity toward DEX platforms. Several large exchanges have launched or revealed hybrid models that merge CEX liquidity with on-chain settlement.

Binance Research explained that these CeDeFi offerings deliver low-slippage trading, MEV protection, and fast transactions, which allow DEX scalability while bridging the gap between centralized and decentralized crypto markets.

It also stated that the flexible regulatory environment for DeFi has allowed DEXes to innovate and expand with new features, which has driven their on-chain volumes. On the other hand, CEX spot volumes remain tied to retail speculation, macro conditions, and volatility, which makes them more vulnerable to external market shifts seen throughout this year.

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]]> https://earlybirdsinvest.com/dex-trading-volumes-explode-are-cexes-losing-their-grip-on-crypto/feed/ 0 46019 As Asia catches up, the share of Bitcoin, Ether and Solana trading volumes falls below 45% https://earlybirdsinvest.com/as-asia-catches-up-the-share-of-bitcoin-ether-and-solana-trading-volumes-falls-below-45/ https://earlybirdsinvest.com/as-asia-catches-up-the-share-of-bitcoin-ether-and-solana-trading-volumes-falls-below-45/#respond Tue, 03 Jun 2025 07:22:02 +0000 https://earlybirdsinvest.com/as-asia-catches-up-the-share-of-bitcoin-ether-and-solana-trading-volumes-falls-below-45/

Digital assets rebounds since early April are characterized by significant changes in activity, with Asian trading hours gaining market share in global Bitcoin

spot trading volumes of ether and solana, while the US steadily loses the ground.

The US trading time share of the three major token spot volumes peaked at a high of over 55% on a simple 30-day moving average base, peaking at an early 2025, exceeding 45%. His latest reading is the lowest since Donald Trump’s victory in the November presidential election.

Meanwhile, trading hours in Asia currently account for almost 30% of global activity, with Europe accounting for the rest.

According to Falconx, slower activity across the US represents a shift in the investor mix driving price action.

“It may suggest that it has increased influence from the flow of non-US portfolioes and that it suggests that US investors are focusing on the market beyond spot crypto,” the Falconx research director said in a note shared with Coindesk.

Spot exchange trading volume for BTC, ETH and SOL (30-day moving average). (Falconx research)

Bitcoin, the leading cryptocurrency by market value, has risen 40% to $105,000 since hitting its lowest price under $75,000 in early April, according to Coindesk data. Ether and Solana spiked 87% and 68% respectively over the same period.

Low capacity BTC rally

Bitcoin prices have skyrocketed to new highs, but global spot trading activity has not yet recovered to the level seen earlier this year.

According to Falconx, daily volumes of BTC spot markets, which averaged over $15 billion on a 30-day rolling basis after the November election, fell during the sale in April and have since fallen below $10 billion.

Bass gatherings are often considered bear traps. However, this is not necessarily the case this time, as ETFs have recently become popular as investment vehicles.

According to Falconx, the cumulative volume of spot Bitcoin ETFs registered in 11 US has skyrocketed from about 25% of the global spot BTC market volume to a record 45% in under two months.

The spikes in ETF volumes stem mainly from bold directional bets rather than non-directional arbitrary bets like cash or carry trade, and involve long positions in ETFs and simultaneous short positions in CME BTC futures.

Data Source According to Farside investors, 11-spot ETFs have accumulated a net inflow of $44 billion since its launch in January 2024. All of these, BlackRock’s IBIT, raised $6.35 billion in May. This is the most since January 2025, indicating a growing institutional demand for BTC amid trade tensions and bond market unrest.

“All of this shows room for growth and suggests that ETFs are likely to remain a huge force behind demand at this rally,” Lawant said.

The amount of US ETFs as a share of the BTC spot market volume. (Falconx research)

]]> https://earlybirdsinvest.com/as-asia-catches-up-the-share-of-bitcoin-ether-and-solana-trading-volumes-falls-below-45/feed/ 0 39846 Leverage outweighs liquidity as Bitcoin spot volumes drop 40% since January https://earlybirdsinvest.com/leverage-outweighs-liquidity-as-bitcoin-spot-volumes-drop-40-since-january/ https://earlybirdsinvest.com/leverage-outweighs-liquidity-as-bitcoin-spot-volumes-drop-40-since-january/#respond Thu, 08 May 2025 07:39:04 +0000 https://earlybirdsinvest.com/leverage-outweighs-liquidity-as-bitcoin-spot-volumes-drop-40-since-january/ Bitcoin’s market structure has shifted decisively toward leverage, with derivatives now overwhelmingly accounting for the majority of daily trading volume.

Data from CryptoQuant showed that the derivatives market consistently comprised over 90% of Bitcoin’s total trading activity in 2025, pushing the average derivative-to-spot volume ratio to 13.2x YTD. This ratio peaked at 16.6× on May 6, the same day Bitcoin closed near $96,800.

Bitcoin Trading Volume (Spot VS. Derivative)
Graph showing Bitcoin’s YTD aggregated trading volume across spot and derivative exchanges (Source: CryptoQuant)

The shift towards derivatives accelerated sharply in March and April. As Bitcoin’s price bottomed around $80,000 in late March and began climbing again in April, derivative flow increased while spot activity remained weak.

The biggest difference in volume came on Apr. 7, when derivatives hit a daily record of over 1.26 million BTC, even as spot volume failed to reach 30,000 BTC. On most days since mid-February, spot turnover has remained well below that level.

This aligns with previous CryptoSlate reports, which found that the price recovery we’ve seen since February wasn’t driven by fresh inflows or strong retail demand on exchanges.

The data shows a clear inverse relationship between leverage intensity and price strength. The correlation between the daily derivative-to-spot ratio and BTC’s spot price stands at –0.40 YTD, meaning that periods of heavier derivative dominance generally align with weaker price performance.

This trend has appeared repeatedly throughout the year: in March and April, derivatives accounted for over 95% of the total volume multiple times, following local tops and retracements in Bitcoin’s price.

During Bitcoin’s push above $100,000 in January, spot volumes occasionally surpassed 100,000 BTC, including a Jan. 20 spike that paired high spot participation with a local price peak. Since then, such strong spot volume has vanished. In April and May, even as prices approached earlier highs, spot volumes remained tepid, seldom exceeding 20,000 BTC per day.

Aggregate volume data reinforces this view. Between Jan. 1 and May 6, total spot trading reached just 4.15 million BTC, compared to over 50.5 million BTC in derivative volume. Futures markets have thus absorbed more than 92% of Bitcoin’s daily turnover across the year.

The steady rise in the derivative/spot ratio, from 11.27× in January to 13.77× in May, reflects this market transformation into a leverage-driven structure. While volatility has declined since March, the rising ratio indicates continued reliance on margin and futures products for directional bets.

This kind of structural imbalance raises significant risks. When spot liquidity thins, price discovery becomes more sensitive to leverage positioning, and funding rates or liquidation cascades can move the market much more than actual flows. Thin order books on exchanges mean that even small sell pressure can slip prices rapidly, particularly when the prevailing trade is crowded into one side of the futures curve.

The lack of spot conviction could limit the upside for Bitcoin unless ETF inflows or large-scale on-chain accumulation resume. So far, spot market behavior suggests most demand is synthetic, with little real buying pressure visible on exchanges.

Until spot flow begins to accompany price strength, the market remains fragile: highly reactive but underpinned by exposure, not conviction.

The post Leverage outweighs liquidity as Bitcoin spot volumes drop 40% since January appeared first on CryptoSlate.

]]> https://earlybirdsinvest.com/leverage-outweighs-liquidity-as-bitcoin-spot-volumes-drop-40-since-january/feed/ 0 35027 XRP Derivatives Frenzy: Future Trading Volumes See Explosive Growth To New Heights https://earlybirdsinvest.com/xrp-derivatives-frenzy-future-trading-volumes-see-explosive-growth-to-new-heights/ https://earlybirdsinvest.com/xrp-derivatives-frenzy-future-trading-volumes-see-explosive-growth-to-new-heights/#respond Fri, 11 Apr 2025 00:47:46 +0000 https://earlybirdsinvest.com/xrp-derivatives-frenzy-future-trading-volumes-see-explosive-growth-to-new-heights/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After trading below the $2 mark for the past 3 days, XRP has finally recovered the level with a nearly 14% upswing in mere hours. Its recent upward move to the $2 level is attributed to a sudden surge in the entire crypto market, coupled with the notable bullish performance in its network activities and derivatives market.

Notable Surge In XRP’s Futures Trading Volume

While XRP’s price is struggling to regain its upward momentum, many areas of its market are showing bullish performance, rising to unprecedented levels. These positive developments could generate enough momentum for the altcoin, paving the way for a much larger rebound in the near term.

Ali Martinez, a seasoned technical expert and trader, has delved into XRP’s recent market performance, revealing substantial growth in the past few days. Specifically, the volume of XRP’s futures trading has exploded as fresh market interest pours into the asset, hitting new heights. On-chain data from Martinez shows that the futures trading volume rose to about $21.62 billion across all crypto exchanges, marking a new monthly high. 

Despite general market volatility, this strong surge in derivative activity indicates increased investor confidence and speculative enthusiasm behind the altcoin. Furthermore, it is often seen as a sign of increased price activity, with investors and traders anticipating possible breakouts in the short term.

XRP
A major rise in futures trading volume | Source: Ali Martinez on X

This spike in futures trading volume coincides with a sharp growth in XRP’s network activity, signaling heightened investor participation and conviction. Martinez reported the development in another post on the X (formerly Twitter) platform, capturing the attention of the community.

In the post, the expert reported that the network is showing signs of robust growth as wallet addresses holding at least 1 XRP have grown sharply over the past few days. Even as prices still undergo notable bearish pressure, this rise in small-scale investors implies improving adoption and retail interest in the altcoin.

Data shows that these holders have now reached a new all-time high with a total of 6.26 million wallet addresses in spite of the recent volatility around the asset. A persistent rise in the wallet addresses could be a bullish sign for the network’s long-term fundamentals, potentially sparking a short-term shift in the altcoin’s price.

Critical Levels To Surpass For A Continued Uptrend

XRP may have briefly rebounded, but several resistance levels might hinder its uptrend. After navigating the recent shift in price action through the UTXO Realized Price Distribution (URPD) metric, Ali Martinez has outlined the key areas where the asset is likely to face robust barriers.

As prices grow slowly, the key support levels are sitting at $1.67 and $1.39. Holding above these areas will provide more stability to its recent upward move. However, if it falls below these points, it will approach even stronger support at $0.98 due to the significant accumulation observed there. On the upside, the crucial areas to break are the $2.04 and $2.38 resistance levels, as over 1.76% and 3.36% of XRP supply were accumulated at these zones, respectively.

XRP
XRP trading at $1.98 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

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]]> https://earlybirdsinvest.com/xrp-derivatives-frenzy-future-trading-volumes-see-explosive-growth-to-new-heights/feed/ 0 30147 Short-term optimism as Bitcoin perpetual volumes soar on Binance and OKX https://earlybirdsinvest.com/short-term-optimism-as-bitcoin-perpetual-volumes-soar-on-binance-and-okx/ https://earlybirdsinvest.com/short-term-optimism-as-bitcoin-perpetual-volumes-soar-on-binance-and-okx/#respond Wed, 02 Apr 2025 03:25:12 +0000 https://earlybirdsinvest.com/short-term-optimism-as-bitcoin-perpetual-volumes-soar-on-binance-and-okx/ Across Binance and OKX, the top three most popular perpetual futures pairs have shown a decent price uptick (+2% to 2.5% over the last 24 hours) alongside a big jump in trading volume.

However, their open‐interest (OI) figures are diverging somewhat: while Binance’s BTC/USDT perpetual shows both volume and OI rising, most other pairs either show flat‐to‐lower OI despite big volume spikes. This typically reads in the futures market as an indication of varied positioning strategies among participants, and it aligns with the volatility in Bitcoin’s spot price.

Across Binance and OKX, the listed perpetuals reflect roughly the same gain in BTC’s price. Data from CryptoQuant likewise shows the spot market climbing into the mid‐$84 k range, confirming a short‐term bullish push.

Many pairs, such as Binance BTC/USDT at around +52%, BTC/USDC at +57%, and OKX BTC/USDC at +92%, have also seen a large surge in trading activity. This jump often means traders are piling in to catch the upward momentum while existing positions are closed or rotated, creating elevated turnover. High volume alone does not tell us whether new activity is opening more positions or simply churning existing ones, and that is where OI changes become particularly important.

perpetual futures volume bitcoin
Table showing the volume and open interest for the three most popular perpetual futures products on Binance and OKX on Apr. 1, 2025 (Source: CoinGlass)

On Binance, BTC/USDT perpetual shows OI rising by around 1.98% on top of a significant volume jump. This typically suggests that in addition to higher turnover, new long or short positions are being added. Given that the price is also up, it is common to interpret this as new longs entering the market, although adding new shorts is possible, too.

Rising OI generally points to a larger number of total contracts outstanding. Many other pairs, such as Binance BTC/USD at –0.82%, Binance BTC/USDC at –1.08%, and OKX BTC/USDT at –3.63%, show a drop in OI despite the elevated trading volume.

This often implies a wave of short covering or profit‐taking by longs, closing existing contracts, or a rapid turnover of positions that ends with fewer net contracts open than before. When the price is rising, and OI simultaneously declines, it can be a sign of traders reducing risk, often consistent with traders who were short getting squeezed or longs taking profits on the way up.

Putting all these figures together alongside Bitcoin’s spot price shows that the overall market is bullish, with BTC up by about 2% to 3%. However, the inconsistent OI changes show that only some pairs, notably Binance BTC/USDT, are adding net new positions, while others are seeing churn and position unwinding.

The sharp volume increases likely stem from day traders or short‐term momentum traders jumping in and out. Where OI declines, it can mean a flurry of liquidations, position closures, or a shift from one stablecoin pair to another, especially if traders rotate from BTC/USDC into BTC/USDT pairs.

Those pairs showing falling OI amidst a rising price often signal a short‐covering rally or simply that longs have decided to close their positions into strength. In either scenario, some participants appear to be locking in gains rather than building new, longer‐term positions.

Data from CoinGlass also shows that funding rates are positive but not extreme (e.g., 0.0035%, 0.0100%, 0.0022%, etc.), which generally points to a mildly bullish bias in perpetuals rather than an overheated market.

The data implies a bullish intraday or short‐term tilt, as the price is climbing on high volume with only modest new position‐building in specific pairs. Traders in several markets appear to have used the upswing to exit positions rather than hold on for a larger trend move.

This leaves the market directionally bullish for now but puts its longevity in question, as it may hinge on whether more fresh OI comes in or if continued churn and profit‐taking keep the rally’s momentum in check.

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