Decrease in Bitcoin spot trading volume from $10.22 billion to $6.61 billion, although it remains above the July low of $4.85 billion.
Bitcoin's spot and futures trading volumes experienced significant fluctuations between May and early August 2025, driven by changing market sentiment, price volatility, and trading activity responding to Bitcoin price movements and market events.
In mid-May 2025, Bitcoin spot volume was approximately $5.5 billion, with futures volume climbing above $50 billion. Bitcoin’s price was moving towards $118,000, supporting high trading activity in both markets. However, from late May to early June, both volumes sharply declined. Spot volume dropped from over $10 billion to around $6 billion by June 6, and futures volume fell from close to $60 billion to about $38 billion. This drop was accompanied by a price decrease to around $104,000 by mid-June.
There was a brief rebound in late June, with spot volumes reaching about $7.5 billion and futures volumes exceeding $46 billion. Yet, this increase did not last, as both spot and futures volumes continued to decline into early July, hitting lows of about $4.85 billion (spot) and $33.82 billion (futures) on July 7, 2025.
Following early July lows, spot volume surged, especially on Binance, with July 2025 spot trading volume on that platform soaring 61.4% to $698.3 billion amid a broader crypto rally and Bitcoin hitting all-time highs.
Despite the recent easing, Bitcoin's market activity at the start of August 2025 remained stronger than the weakest points earlier in the summer. The highest spot volume for the period under consideration was $9 billion, reached in late May 2025. The highest futures volume was $60 billion, also reached in late May 2025. However, both spot and futures volumes entered a steady decline from July 16 to August 7, 2025. The lowest spot volume was $4.85 billion on July 7, 2025, and the lowest futures volume was $33.82 billion on the same day.
The fluctuations appear linked to Bitcoin’s price volatility, market rallies, and technical factors such as futures trading dynamics—e.g., CME futures trading gaps occurring on weekends create potential volatility windows influencing trading volumes around those times.
- The sudden increase in Bitcoin's spot trading volume on Binance in July 2025, a 61.4% surge, indicates a surge in crypto investing activity, driven by a broader rally in cryptocurrency.
- The decline in both Bitcoin spot and futures trading volumes from July 16 to August 7, 2025, indicates a slowdown in crypto finance activities, potentially influenced by technical factors such as futures trading dynamics.
