Oh, joy. Summer’s here, birds are tweeting, and apparently, so is Bitcoin’s trading volume—which has plummeted, by the way, despite BTC queuing meekly near $110,000. It’s like attending Glastonbury, only to realize everyone’s gone home to watch Love Island instead.
Bitcoin Trading Volumes: Now With Less Excitement Than A Sunday Night
Glassnode, that virtual oracle of crypto-woe, has chimed in to announce that both spot and futures volumes for Bitcoin are currently more depressing than a failed Tinder date. In case you’re new: trading volume tracks how much of this magic Internet money is getting flung around on major exchanges.
Behold! An actual chart, smug in its ability to display just how excited people used to be about Bitcoin—back when “over $100,000” was practically the new black:
Notice how both spot and futures volumes went berserk during last year’s “everyone panic and buy Bitcoin” rally beyond $100,000? Apparently, being rich overnight is really motivating. Who knew? But alas, as soon as Bitcoin got moody and slipped into a bearish phase, everyone decided to go outside and touch grass instead.
Curiously, even though Bitcoin strutted back above $100,000 (peacocking, really), this didn’t lure the traders back from their summer slumber. Futures volume briefly flickered awake, then promptly took another nap. Currently: spot volume limping in at $5 billion, futures at $31.2 billion. Not exactly Ibiza.
Glassnode helpfully points out: both metrics are flatter than flat, trending downward like my enthusiasm for salad. 🥗
But wait, there’s more disappointment! The options market has caught the bug, too. Less activity there than at a school disco during a slow song.
That’s the Implied Volatility of Bitcoin Options chart. If you ever wanted to know how excited options traders are about things changing rapidly: answer is, not at all. The market’s basically expecting less drama than a British weather forecast. Lowest volatility since mid-2023, and this, mind you, with prices loitering near all-time highs. 💤
BTC Price: You Can Wake Up Now…Or Don’t
The wild, rollercoaster excitement of Bitcoin’s price has managed to stall completely, hanging around the $108,400 mark for the last few weeks. The financial equivalent of reading the back of a cereal box.
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2025-07-08 08:24