Bitcoin Perpetual Futures Volume Drops to Lowest Level Since 2023: K33 Research

BitcoinWorld Bitcoin Perpetual Futures Volume Drops to Lowest Level Since 2023: K33 Research Bitcoin perpetual futures trading volume on major exchanges Binance and Bybit has fallen to its lowest level since 2023, according to a recent report by crypto research firm K33 Research.

The decline also extends to spot markets, where volume has dropped to levels not seen since February 2024. The data suggests a notable cooling in trading activity across the crypto derivatives market, even as open interest remains relatively elevated.

Declining Volume, Persistent Open Interest K33 Research’s analysis highlights a divergence: while trading volumes have contracted sharply, open interest in Bitcoin perpetual futures has stayed comparatively large.

This means that many positions remain open, but traders are less active in opening or closing them.