Data: Binance Bitcoin futures cumulative trading volume approaches $800 trillion

According to Huoxun Finance, CryptoQuant analyst Darkfost stated that the recent pullback in Bitcoin prices, from approximately $82,000 to below $60,000, has significantly boosted speculative activity in the derivatives market. Since early June, Binance futures daily trading volume has reached peaks of $39.5 billion and $35.5 billion, exceeding $42 billion in a single day when Bitcoin fell below $60,000 in early February. Binance spot daily trading volume has risen from approximately $1.5 billion to $4-5 billion, still far below the peak of over $10 billion in early February. Darkfost pointed out that Binance Bitcoin futures cumulative trading volume is approaching $800 trillion, exceeding global annual GDP and the valuation of the global real estate market. He believes the recent surge in trading may have created a local bottom, but the leverage-driven market structure is more fragile than a market supported by spot demand.