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Bitcoin futures have shown significant fluctuations throughout 2024. Trading volumes peaked at 1.2 million BTC daily in early March when Bitcoin prices exceeded $70,000. However, volumes nosedived post-March despite a price rally to $63,000 in July. The term structure of Bitcoin futures indicates a bullish sentiment, with contract prices rising from $58,000 in August 2024 to $65,000 by June 2025. Additionally, there has been a shift towards cash-margined futures as Bitcoin surpassed $62,000.
BITCOIN FUTURES WILD RIDE IN 2024 Bitcoin futures are having a rollercoaster year, with trading volumes peaking at 1.2 million BTC daily in early March as Bitcoin hit over $70,000. Glassnode charts show volume nosediving post-March, even as Bitcoin rallied to $63,000 in July.… https://t.co/orCsAzMiiJ
BITCOIN FUTURES VOLUME SHOWS CYCLICAL TRENDS Glassnode's analysis of 2024 Bitcoin futures volume illustrates significant fluctuations, peaking at nearly 1.2 million BTC traded daily in March as Bitcoin broke $70,000. Despite a price rally in June, volumes dipped sharply,… https://t.co/1QlljyvO9j
INSIGHTS 📈 Shift to cash-margined futures intensifies as #Bitcoin surpasses $62,000 via @akibablade data via @glassnode https://t.co/cTGHsmPSVn
