Wednesday’s Bitcoin Trading Volume Was Among the Highest on Record.

Bitcoin Hits $130 Billion in Daily Trade Volume, Marking a Record High

Bitcoin (BTC) continues to break records with its trading volume, as the cryptocurrency reached a staggering $130 billion in total volume on Wednesday, according to Checkonchain data. This figure marks one of the highest trading volumes in Bitcoin’s history, reflecting the growing momentum in the market.

Since President Trump’s victory in the U.S. election at the beginning of November, Bitcoin’s trading volume has surged, doubling from a daily average of $65 billion to its current levels.

The futures market alone accounted for $110 billion of that total, marking the fifth-highest recorded futures volume. The only days with higher futures volumes occurred in November and December of last year.

The spot market saw roughly $15 billion in trades, nearing its all-time high. Meanwhile, Bitcoin ETFs accounted for about $5 billion in volume, approximately half of the record-high figure seen in March 2024.

It’s important to note that options volume is not included in the $130 billion daily volume figure, but this market is also growing rapidly. Glassnode data reveals that $3 billion worth of options contracts were traded in the past 24 hours.

As Bitcoin aims to become a global settlement layer, the surge in volume and liquidity strengthens its case for widespread institutional adoption. The higher the volume, the more capable Bitcoin becomes of handling large institutional transactions, potentially settling billions of dollars with ease.