Bitcoin surged past $120,000, prompting sharp increases in spot trading, futures activity and open interest across the market.
Binance Leads Spot Volume Surge
On July 18, Binance accounted for 52.6 % of total Bitcoin spot trading volume, the highest share among exchanges, capitalizing on the record price movement .
Futures Open Interest Explodes
Open interest in Bitcoin futures rose substantially on Binance, matching the spike in spot trading. As of late July, Binance’s BTC futures OI reached approximately $15.3 billion, out of a total global BTC futures open interest near $86 billion .
Altcoin Markets Follow the Trend
Altcoin spot trading volumes also rose, with Binance leading roughly 49.4 % of the altcoin market share—echoing the trend seen in Bitcoin .
This synchronized surge across on‑chain and derivatives markets highlights a moment of intense market activity as prices hit all‑time highs, signaling strong demand and positioning by traders across assets.
Sources CryptoQuant via Binance, Bitcoin.com, CoinGlass, Economic Times
