BTC Futures Dominance Reaches New High on Binance
The ratio of futures to spot volumes on Binance has reached an all-time high for Bitcoin (BTC), indicating that traders are increasingly relying on derivatives rather than direct buying and selling. According to Cryptoquant data, futures volumes are approximately 7.82 times higher than spot trading, with a significant shift towards the futures market for price discovery.
As of August 6, Binance open interest for BTC is $24.47B, down from over $44B in October 2025. Daily trading volumes reach $57.82B, while spot volume hovers at around $6B. This has led to a decrease in spot demand, with some analysts attributing it to the exit of retail traders and the increasing popularity of futures trading.
Despite the high futures to spot ratio, volatility remains low, sliding to 1.17%. Under these conditions, BTC traders can still afford relatively minor liquidations while trying to extract gains from the BTC sideways trading.
The article also highlights that most accounts on Binance have taken long positions, but in terms of the value of positions, the bulk of allocated liquidity attempts to short BTC. This means even a small price move could cause significant liquidations.