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2 clusters · 6 sources · 7 days · First seen · Last updated

Cryptocurrency derivatives market trading decline

Overview

The cryptocurrency derivatives market has entered a period of significantly reduced activity. In July, trading volume for perpetual futures on centralized exchanges fell to $4 trillion, the lowest level since December 2023. Decentralized exchanges also experienced a downturn, with perpetual futures volume dropping 21% from June.

By mid-August, Bitcoin trading volumes for perpetual contracts on major exchanges reached three-year lows. K33 Research characterized this market state as being in “hibernation,” noting that the 30-day average combined volume for BTC/USDT perpetuals had declined to $10.8 billion. This period of low volatility and consolidation coincided with the release of U.S. inflation data that matched economic consensus, resulting in minimal new trading activity.

Entities

Binance · Bybit · CryptoRank · K33 Research · OKX

Timeline

  1. 8 days ago

    [BUSINESS] 2 sources
    Bitcoin trading volumes hit three-year low amid stable inflation data

    Bitcoin perpetual trading volumes have hit a three-year low as the market enters a period of “hibernation,” remaining stable despite July's US inflation data matching economic consensus.

  2. 14 days ago

    [BUSINESS] 4 sources
    Crypto derivatives trading volume declines in July

    Crypto derivatives trading volume saw a sharp decline in July, with CEX perpetual futures hitting a low since December 2023 and DEX volumes dropping 21%.

Sources

btc-echo.de · cryptobriefing.com · cryptoticker.io · memeburn.com · techbullion.com · unchainedpodcast.com