BTC, ETH and SOL Futures volumes show diverging trends: Glassnode
The future volume of trading against Bitcoin, Ethereum and Solana displays divergent trends, according to Glassnode.
By glass knotAn onchain and financial metric platform, Bitcoin (BTC) The long -term volume suggests a rebound. Meanwhile, Ethereum (Ethn) and Solana (GROUND), two of the largest altcoins in the world by market capitalization, have their volumes for the most part.
BTC, ETH and Sol volumes
On the market, analysts use volumes as a key indicator of the market health of an asset. It also indicates the behavior of traffic, crucial to discern potential market recovery or continuous continuous pressure.
When term volumes increase, suggestion is a reversal of the liquidity and interest of traders.
Often this precedes notable price movements. Bitcoin has witnessed this in the past and can still rebound after a massive sales pressure since the drop of less than $ 100,000.
According to Glassnode, the Bitcoin term volume oscillated around $ 60 billion at the start of 2025.
However, he culminated at $ 63 billion for a summit of the year and has since decreased to around 57 billion dollars. Despite the drop and the peak of $ 74 billion observed in December 2024, the long -term volumes of the flagship digital assets are currently 32% more on February 23.
$BTC, $ETH, and $SOL Futures volumes show diverging trends – #BTC is rebounding, while #ETH and #SOL remain mostly flat.#Bitcoin Futures volume started the year at $60B, peaked at $63B YTD, and now sits at $57B – 32% higher since Feb 23 but still below December’s $74B peak. pic.twitter.com/2qSmkFcIsQ
— glassnode (@glassnode) March 18, 2025
For the Ether term volume, the image is slightly revealing a lack of enthusiasm on the market. Although it is not major, the trend is largely down.
The metric opened the year at $ 32 billion, but fell from the $ 31 YTD summit. Nevertheless, the latest data that Glassnod shared show that the volume amounts to $ 28 billion, on its one year peak of $ 37 billion.
Meanwhile, the Future Sol volume increased from $ 7 billion in January to a YTD summit of $ 12.2 billion.
However, since he reached this peak in February, Solana’s long -term volumes fell to $ 8.7 billion. Glassnode notes that the long -term volumes have been mainly flat in the past year. Could the launch of Future soil on the Exchange Mercantile Chicago help the volumes of buoy?
What does that mean?
These divergent tendencies paint the table of a resilient bitcoin market, while Ethereum and Solana suggest a decrease in institutional interest.
Earlier this week, Standard Bank standard analysts doubled on the BTC price, providing for a rally at $ 500,000 by the end of the year. But their prospects for Ethereum are less optimistic, their forecasts putting ETH at around $ 4,000 by December 2025.
In particular, this cup Previous forecasts of Chartered Standard of $ 10,000 for ETH.
Post Comment