Bitcoin futures trading volume has seen a significant surge of 157% as the price of BTC crosses the $37k mark. The total volume of Bitcoin futures traded has jumped from $27.69 billion to $71.29 billion, indicating an increase in speculative activity. This sudden price rally has not only captured the attention of the market but has also led to a seismic shift within the futures trading landscape. The surge in volumes has resulted in a high number of short liquidations, which could potentially be a turning point for Bitcoin’s trajectory. These numbers hold significance for the broader market outlook and may set the tone for Bitcoin’s future.
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