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Bitcoin-Related Assets See Record $70 Billion Daily Trading Volume

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Data shared by analyst Eric Balchunas reveals that the Bitcoin-related asset ecosystem has reached a historic milestone, with daily trading volume estimated at $70 billion. Of this, $50 billion was contributed by MicroStrategy ($MSTR) and its associated 2x leveraged products, all of which set new trading records.

Additionally, $IBIT recorded a $5 billion single-day trading volume, marking the second-highest in its history. The inverse 2x leveraged MicroStrategy product, $MSTZ, also achieved a significant breakthrough by surpassing the $1 billion mark for the first time. Today, $MSTZ’s trading volume surged to $1.2 billion, with its daily turnover rate skyrocketing by 3,500%, setting a new benchmark.

Disclaimer: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.

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