Bitcoin (BTC) futures every day volumes on digital asset platform Bakkt have hit a brand new all-time excessive, according to information from Intercontinental Trade (ICE). Greater than $20.three million was traded in Bitcoin — or 2728 futures contracts — on Nov. 22.
30% increased than the earlier every day quantity file
The brand new quantity file represents a 66% enhance over the day gone by and is roughly 30% increased than the previous all-time high on Nov. 8.
Bakkt every day quantity & open curiosity chart | Supply: BakktVolumeBot
Main value strikes coincide with massive quantity
Moreover, yesterday’s open curiosity is at present $1.75 million, a 29% enhance over the earlier buying and selling day. Regardless of a slow start upon launch in September, the volumes of Bakkt’s bodily settled BTC futures have been progressively rising.
The brand new file quantity additionally coincides with a big drop in Bitcoin price, which fell under $7,000 on Friday. Earlier upticks in volumes have additionally aligned with main BTC value strikes as seen around…