Futures to spot ratio for BTC on Binance reaches new all-time high

The price fluctuations of BTC depend even more on futures trading, with decreasing spot demand. On Binance, the ratio of futures to spot volumes reached a new all-time peak.ย
BTC price discovery has heavily shifted to the futures market. Based on Cryptoquant data, futures volumes are approximately 7.82 times higher than spot trading. Traders now rely on derivatives, instead of going through the hassle of direct buying and selling.ย
As of August 6, Binance open interest for BTC is $24.47B, down from over $44B in October 2025. Daily trading volumes reach $57.82B, while spot volume hovers at around $6B.ย
Driven by futures trading, BTC mostly moved sideways, trading at $64,339.89. BTC still has a 56.8% dominance of the crypto market, and July was a relatively strong month with a close in the green.ย
BTC is now stuck in a tight range between $64,000 and $65,000, based on the liquidation heatmap.ย
