{"id":653179,"date":"2024-11-15T10:30:55","date_gmt":"2024-11-15T10:30:55","guid":{"rendered":"https:\/\/wncen.com\/?p=653179"},"modified":"2024-11-14T18:04:58","modified_gmt":"2024-11-14T18:04:58","slug":"binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/","title":{"rendered":"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">Bitcoin has continued its <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-weekly-rsi-entering-power-zone-last-time-btc-soared-80\/\" target=\"_blank\" rel=\"noopener \">bullish momentum streak<\/a>, reaching a new all-time high on November 13 and triggering a wave of activity across the crypto market.<\/p>\n<p data-pm-slice=\"1 1 []\">In particular, the futures market has been<a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-buying-pressure-rises-but-heres-why-a-pullback-could-be-coming\/\" target=\"_blank\" rel=\"noopener \"> significantly impacted<\/a>, with a surge in trading volume for the BTC\/USDT pair. This increase has highlighted an intense period of market engagement, with leading exchanges, particularly Binance, at the forefront of this trading frenzy.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-weekly-rsi-entering-power-zone-last-time-btc-soared-80\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Weekly RSI Entering Power Zone \u2013 Last Time BTC Soared 80%<\/a><\/div>\n<h2 data-pm-slice=\"1 1 []\">Record Trading Volumes And Market Volatility Risks<\/h2>\n<p data-pm-slice=\"1 1 []\">A CryptoQuant analyst known as Crazzyblockk shared <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/673611a63003544c23b2531b-Binance-and-Other-Exchanges-Break-Records-with-Skyrocketing-Bitcoin-Futures-Cont\" target=\"_blank\" rel=\"noopener nofollow\">insights<\/a> into the trading frenzy phenomenon, noting that the futures market for Bitcoin has become &#8220;exceptionally overheated.&#8221;<\/p>\n<p data-pm-slice=\"1 1 []\">According to the analyst&#8217;s recent post on the CryptoQuant QuickTake platform, trading volume has surged across both spot and futures markets on major centralized exchanges.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/408039\/quicktake\/SBZKE_4fa3d8bf32bf185acb7d5b50871da933a24a47f621952f71acbf4ade18abdf6e.png?resize=1280%2C720&#038;ssl=1\" alt=\"Bitcoin volume from the spot and futures market. \" width=\"1280\" height=\"720\"><figcaption class=\"wp-caption-text\">Bitcoin volume from the spot and futures market. | Source: CryptoQuant<\/figcaption><\/figure>\n<p data-pm-slice=\"1 1 []\">The cumulative trading volume for BTC\/USDT across all major platforms has reached an amount of roughly $129 billion, with <a href=\"https:\/\/wncen.com\/bitcoin-news\/short-term-bitcoin-holders-move-millions-to-binance-is-a-market-correction-imminent\/\" target=\"_blank\" rel=\"noopener \">Binance<\/a> contributing a substantial $50.2 billion to this figure.<\/p>\n<p data-pm-slice=\"1 1 []\">The surge in futures trading activity has raised important questions about market stability and the potential for heightened volatility. As Crazzyblockk explained, when Bitcoin&#8217;s derivatives market experiences rapid growth, particularly in the futures segment, there is often a tendency for heightened market fluctuations.<\/p>\n<p data-pm-slice=\"1 1 []\">The CryptoQuant analyst added:<\/p>\n<blockquote>\n<p data-pm-slice=\"1 1 []\">While this can briefly boost demand, it often leads to minor pullbacks and sharp fluctuations.<\/p>\n<\/blockquote>\n<p data-pm-slice=\"1 1 []\">The analyst emphasized that the <a href=\"https:\/\/wncen.com\/bitcoin-news\/is-bitcoin-now-overheating-key-metrics-reveal-crucial-insights-for-investors\/\" target=\"_blank\" rel=\"noopener \">&#8220;overheated&#8221; state<\/a> of the market warrants caution from investors and traders. In his words:<\/p>\n<blockquote>\n<p data-pm-slice=\"1 1 []\">Given the current climate, it would be wise for investors and traders to exercise caution, refrain from rushed speculation, and await a period of price stability before making further moves.<\/p>\n<\/blockquote>\n<h2 data-pm-slice=\"1 1 []\">Outlook On Bitcoin<\/h2>\n<p>Bitcoin is facing a <a href=\"https:\/\/wncen.com\/news\/bitcoin\/market-pricing-in-a-higher-fair-value-for-bitcoin-as-price-discovery-continues\/\" target=\"_blank\" rel=\"noopener \">noticeable decline in price<\/a>, dropping by 6.1% in the past day to a current trading price of $87,977. This ongoing drop in price comes after it recently achieved an all-time high above $93,000, as recorded yesterday.<\/p>\n<p>With BTC back to trading below the $88,000 region, the asset has now decreased 5.9% away from its peak. While the reason behind this ongoing correction is not certain, renowned crypto analyst Ali has recently highlighted an interesting BTC trend behind the scenes.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/bitcoin-news\/short-term-bitcoin-holders-move-millions-to-binance-is-a-market-correction-imminent\/\" target=\"_blank\" rel=\"noopener \">Short-Term Bitcoin Holders Move Millions To Binance\u2014Is A Market Correction Imminent?<\/a><\/div>\n<p>In a <a href=\"https:\/\/x.com\/ali_charts\/status\/96276445\" target=\"_blank\" rel=\"noopener nofollow\">post<\/a> uploaded earlier today on X, the analyst reveals that roughly $5.42 billion of Bitcoin profits has now been realized, pushing the asset&#8217;s sell-side risk ratio to 0.524%. Ali warned to &#8220;stay alert and proceed with caution.&#8221;<\/p>\n<figure style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GcWAatQXsAAywG-?format=jpg&amp;name=large\" alt=\"Bitcoin sell-side risk ratio. \" width=\"1800\" height=\"1013\"><figcaption class=\"wp-caption-text\">Bitcoin sell-side risk ratio. | Source: Ali on X<\/figcaption><\/figure>\n<p>Meanwhile, another analyst known as Javon Marks has also <a href=\"https:\/\/x.com\/JavonTM1\/status\/81839494\" target=\"_blank\" rel=\"noopener nofollow\">noted<\/a> in one of his recent posts that while further upward momentum is still being witnessed with Bitcoin hitting a peak yesterday, &#8220;target now continues to be at $116,652 which is visioned to come at even greater speeds and with greater power than the first.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Some of the greatest, most precise, and simplistic analysis that you will probably see on <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">#Bitcoin<\/a> (BTC) and Crypto \u265f\ufe0f!<\/p>\n<p>December 2022 @ \u2248$16,782, we noticed bullish signals as well as a price breakout holding which signaled to us the $67,559 target which at the time was over\u2026 <a href=\"https:\/\/t.co\/qrJv2WPwnG\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/qrJv2WPwnG<\/a> <a href=\"https:\/\/t.co\/7ZkeUV13UY\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/7ZkeUV13UY<\/a><\/p>\n<p>\u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) <a href=\"https:\/\/twitter.com\/JavonTM1\/status\/81839494?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">November 13, 2024<\/a><\/p><\/blockquote>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has continued its bullish momentum streak, reaching a new all-time high on November 13 and triggering a wave of activity across the crypto market. In particular, the futures market has been significantly impacted, with a surge in trading volume for the BTC\/USDT pair. This increase has highlighted an intense period of market engagement, with leading exchanges, particularly Binance, at the forefront of this trading frenzy. Related Reading: Bitcoin Weekly RSI Entering Power Zone \u2013 Last Time BTC Soared 80% Record Trading Volumes And Market Volatility Risks A CryptoQuant analyst known as Crazzyblockk shared insights into the trading frenzy phenomenon, noting that the futures market for Bitcoin has become &#8220;exceptionally overheated.&#8221; According to the analyst&#8217;s recent post on the CryptoQuant QuickTake platform, trading volume has surged across both spot and futures markets on major centralized exchanges. The cumulative trading volume for BTC\/USDT across all major platforms has reached an amount of roughly $129 billion, with Binance contributing a substantial $50.2 billion to this figure. The surge in futures trading activity has raised important questions about market stability and the potential for heightened volatility. As Crazzyblockk explained, when Bitcoin&#8217;s derivatives market experiences rapid growth, particularly in the futures segment, there is often a tendency for heightened market fluctuations. The CryptoQuant analyst added: While this can briefly boost demand, it often leads to minor pullbacks and sharp fluctuations. The analyst emphasized that the &#8220;overheated&#8221; state of the market warrants caution from investors and traders. In his words: Given the current climate, it would be wise for investors and traders to exercise caution, refrain from rushed speculation, and await a period of price stability before making further moves. Outlook On Bitcoin Bitcoin is facing a noticeable decline in price, dropping by 6.1% in the past day to a current trading price of $87,977. This ongoing drop in price comes after it recently achieved an all-time high above $93,000, as recorded yesterday. With BTC back to trading below the $88,000 region, the asset has now decreased 5.9% away from its peak. While the reason behind this ongoing correction is not certain, renowned crypto analyst Ali has recently highlighted an interesting BTC trend behind the scenes. Related Reading: Short-Term Bitcoin Holders Move Millions To Binance\u2014Is A Market Correction Imminent? In a post uploaded earlier today on X, the analyst reveals that roughly $5.42 billion of Bitcoin profits has now been realized, pushing the asset&#8217;s sell-side risk ratio to 0.524%. Ali warned to &#8220;stay alert and proceed with caution.&#8221; Meanwhile, another analyst known as Javon Marks has also noted in one of his recent posts that while further upward momentum is still being witnessed with Bitcoin hitting a peak yesterday, &#8220;target now continues to be at $116,652 which is visioned to come at even greater speeds and with greater power than the first.&#8221; Some of the greatest, most precise, and simplistic analysis that you will probably see on #Bitcoin (BTC) and Crypto \u265f\ufe0f! December 2022 @ \u2248$16,782, we noticed bullish signals as well as a price breakout holding which signaled to us the $67,559 target which at the time was over\u2026 https:\/\/t.co\/qrJv2WPwnG pic.twitter.com\/7ZkeUV13UY \u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) November 13, 2024 Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":653187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[10768,428,441,629,679,1119,78790,6664,10923,83531],"class_list":["post-653179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-binance","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-market","tag-bitcoin-price","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market","tag-cryptoquant"],"acf":[],"yoast_head":"\n<title>Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally<\/title>\n<meta name=\"description\" content=\"Bitcoin has continued its bullish momentum streak, reaching new all-time high on November 13 and triggering a wave of activity across the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has continued its bullish momentum streak, reaching new all-time high on November 13 and triggering a wave of activity across the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-15T10:30:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-14T18:04:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally\",\"datePublished\":\"2024-11-15T10:30:55+00:00\",\"dateModified\":\"2024-11-14T18:04:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/\"},\"wordCount\":568,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024\",\"keywords\":[\"Binance\",\"bitcoin\",\"bitcoin analysis\",\"bitcoin market\",\"bitcoin price\",\"btc\",\"BTCUSDT\",\"crypto\",\"crypto market\",\"cryptoquant\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/\",\"url\":\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/\",\"name\":\"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024\",\"datePublished\":\"2024-11-15T10:30:55+00:00\",\"dateModified\":\"2024-11-14T18:04:58+00:00\",\"description\":\"Bitcoin has continued its bullish momentum streak, reaching new all-time high on November 13 and triggering a wave of activity across the...\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024\",\"width\":1024,\"height\":1024,\"caption\":\"Binance Dominates as Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally","description":"Bitcoin has continued its bullish momentum streak, reaching new all-time high on November 13 and triggering a wave of activity across the...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/","og_locale":"en_US","og_type":"article","og_title":"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally","og_description":"Bitcoin has continued its bullish momentum streak, reaching new all-time high on November 13 and triggering a wave of activity across the...","og_url":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-11-15T10:30:55+00:00","article_modified_time":"2024-11-14T18:04:58+00:00","og_image":[{"width":1024,"height":1024,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally","datePublished":"2024-11-15T10:30:55+00:00","dateModified":"2024-11-14T18:04:58+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/"},"wordCount":568,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024","keywords":["Binance","bitcoin","bitcoin analysis","bitcoin market","bitcoin price","btc","BTCUSDT","crypto","crypto market","cryptoquant"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/","url":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/","name":"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024","datePublished":"2024-11-15T10:30:55+00:00","dateModified":"2024-11-14T18:04:58+00:00","description":"Bitcoin has continued its bullish momentum streak, reaching new all-time high on November 13 and triggering a wave of activity across the...","breadcrumb":{"@id":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024","width":1024,"height":1024,"caption":"Binance Dominates as Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally","url":"http:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","bitcoin","bitcoin analysis","bitcoin market","bitcoin price","btc","btcusdt","crypto","crypto market","cryptoquant"],"dateCreated":"2024-11-15T10:30:55Z","datePublished":"2024-11-15T10:30:55Z","dateModified":"2024-11-15T10:30:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/binance-dominates-as-bitcoin-futures-volume-hits-new-peaks-amid-historic-price-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/DALL\\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/DALL\\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"bitcoin\",\"bitcoin analysis\",\"bitcoin market\",\"bitcoin price\",\"btc\",\"btcusdt\",\"crypto\",\"crypto market\",\"cryptoquant\"],\"dateCreated\":\"2024-11-15T10:30:55Z\",\"datePublished\":\"2024-11-15T10:30:55Z\",\"dateModified\":\"2024-11-15T10:30:55Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-14-18.07.52-A-digital-illustration-highlighting-Binances-dominance-in-Bitcoin-futures-trading-showing-a-rising-graph-trading-charts-and-Bitcoin-symbols-in-the.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/653179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=653179"}],"version-history":[{"count":4,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/653179\/revisions"}],"predecessor-version":[{"id":653192,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/653179\/revisions\/653192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/653187"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=653179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=653179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=653179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}