Binance Rules As Bitcoin Futures Volume Peaks During Historic Price Rally

Bitcoin reached a fresh all-time high on November 13, sparking crypto market activity.

The futures market has been particularly affected, with BTC/USDT trading volume rising. This growth indicates a period of significant market involvement, with Binance leading the way.

The analyst said on CryptoQuant QuickTake that spot and futures trading activity has increased on major controlled exchanges.

BTC/USDT trading volume on all major platforms has hit $129 billion, with Binance contributing $50.2 billion.

The rise in futures trading has sparked concerns about market stability and volatility. As Crazzyblockk highlighted, fast expansion in Bitcoin's derivatives sector, especially futures, typically causes market swings.

The CryptoQuant analyst added:

This may temporarily raise demand, but it generally causes significant volatility and pullbacks.

Investors and traders should be cautious due to the “overheated” market, the researcher said. Using his words:

Given the current situation, investors and traders should be cautious, avoid hurried speculation, and wait for price stability before acting.

Bitcoin Outlook

Bitcoin has fallen 6.1% to $87,977 in the previous day. After reaching a record high above $93,000 yesterday, the price is falling.

BTC is 5.9% down from its high after trading below $88,000. Despite this ongoing slump, famous crypto researcher Ali recently revealed an intriguing BTC pattern.

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