In the latest edition of the weekly CryptoQuant report 🖤 analysts spilled on a surge in TradFi perpetual futures activity even as bitcoin demand stays contracted. Still those BTC trade sizes are flashing big institutional moves 🌑
TradFi Perpetual Futures See Increased Activity
CryptoQuant pointed out the TradFi perpetual futures uptick comes from rising demand for gold silver and oil amid geopolitical tensions between the U.S. and Iran 🦇 this shows how traditional and crypto markets are blending as players tap crypto exchanges for macro assets.
Gate leads the convergence with $368 billion in TradFi perpetual futures volume. Binance follows at $298 billion so together they handled about two-thirds of all such volume this year. Other platforms like MEXC Bitget and Bybit grab some share yet Gate stays ahead via tokenized stocks metals 24/7 derivatives and indices 🕸️
“As gold and silver prices reached record highs amid persistent inflation concerns global equities rallied to new highs driven by AI-related optimism and oil prices surged following heightened geopolitical tensions between the United States and Iran traders increasingly turned to crypto exchanges to gain exposure through 24/7 markets” analysts stated.
Spot and Perpetual Trading Volumes Decline
While TradFi futures heat up spot trading volume on centralized exchanges drops to $679 billion in April 2026 hitting the lowest since October 2023. Perpetual futures volumes slide too as leverage appetite shrinks. Binance Bybit Gate and Crypto.com top the cumulative spot volume charts for 2026 🖤
Bitcoin liquidity stays concentrated on few exchanges with Binance and Gate leading spot depth while Gate Hyperliquid Binance OKX and Bitget head perpetual futures liquidity. Gate also tops institutional BTC flows seen in average trade sizes on spot and futures. It posts the highest average Bitcoin spot trade at $4,000 after peaking at $6,200 last year. On perpetual futures Gate leads again with $8,900 average sustaining growth from before.
Just another echo from the void by iconofsin.eth 💖
