Trading volumes for bitcoin futures contracts have again exceeded the $1 trillion mark after they were at a global low in August. According to The Block Research, the total trading volume for BTC derivatives at the end of September amounted to $1.05 trillion.
According to experts, there was a lull in the futures market in August, as investors' attention was focused on the global update of The Merge Ether ecosystem. Financing rates on most exchanges remain positive. The exceptions were Bitmex (-1.78%) and Huobi (-0.65%). The financing rate is mutual transactions between traders based on the price difference between perpetual and spot contracts.
Many analysts agree that this is a positive factor for the crypto market. A positive value of the financing rate means that most bidders hold long positions on bitcoin.
But despite the protracted downward trend in the crypto market, the total number of active users in the bitcoin ecosystem is steadily growing. According to experts, such dynamics is caused by a serious economic crisis in European countries.
In such conditions, investors are increasingly considering the flagship of the cryptomarket as a tool to protect against inflation.
It is also noteworthy that about 47% of retail investors remain in profit even taking into account the fact that in 2022 bitcoin quotes sank by 60% relative to the global extreme formed in 2021. On Tuesday, October 4, the value of Bitcoin settled at $19,938. The current capitalization of the crypto asset is estimated at $383.1 billion. The daily increase was 2.7%, while the trading volume increased by 15.9%.
