Bitcoin-Related Assets See Record $70 Billion Daily Trading Volume

Data shared by analyst Eric Balchunas reveals that the Bitcoin-related asset ecosystem has reached a historic milestone, with daily trading volume estimated at $70 billion. Of this, $50 billion was contributed by MicroStrategy ($MSTR) and its associated 2x leveraged products, all of which set new trading records.

Additionally, $IBIT recorded a $5 billion single-day trading volume, marking the second-highest in its history. The inverse 2x leveraged MicroStrategy product, $MSTZ, also achieved a significant breakthrough by surpassing the $1 billion mark for the first time. Today, $MSTZ’s trading volume surged to $1.2 billion, with its daily turnover rate skyrocketing by 3,500%, setting a new benchmark.