The widening gap suggests traders are increasingly using derivatives for leverage, hedging and short-term speculation.
Bitcoin derivatives activity on Binance has surged to an all-time high relative to spot trading, with the Bitcoin Futures-to-Spot Volume Ratio hitting around 7.8, according to CryptoQuant market analyst Arab Chain.
According to the latest data, Bitcoin futures generated approximately $57.8 billion in daily trading volume, compared with over $6 billion in the spot market, leaving futures volumes nearly eight times larger than spot activity.
The record ratio suggests market participants are increasingly relying on futures markets to gain exposure, manage risk, and execute short-term trading strategies. Arab Chain notes that although the metric does not predict price direction, higher derivatives activity can amplify volatility, as leveraged positions are more susceptible to rapid liquidations during sharp market moves.
Bitcoin ticked higher before the US trading session on Friday, hovering near the $65,000 mark at press time.
