Glassnode's research highlights diverging futures volumes trends for Bitcoin, Ethereum, and Solana.
BTC, ETH, and SOL Futures Volumes
According to Glassnode, Bitcoin, Ethereum, and Solana futures volumes are showing different trends. Bitcoin futures started the year at $60 billion, peaked at $63 billion, and have since decreased to $57 billion. Ethereum futures began the year at $32 billion and are now at $28 billion. Solana futures rose from $7 billion in January to a peak of $12.2 billion, then decreased to $8.7 billion.
Understanding Glassnode's Data
Futures volumes are considered a key indicator of market health and trader behavior. An increase in volumes often precedes significant price movements. For Bitcoin, this could indicate a turnaround in liquidity and trader interest. However, for Ethereum and Solana, volumes remain mostly unchanged.
Forecasts and Outlook
These trends highlight Bitcoin's resilience amid a drop in institutional interest for Ethereum and Solana. Analysts at Standard Chartered Bank predict Bitcoin prices to rise to $500k by year-end. The outlook for Ethereum is less optimistic, with a forecast of $4,000 by December 2025.
Glassnode's research presents a mixed picture of the futures market. Bitcoin shows strength, while altcoins like Ethereum and Solana face challenges in attracting investor interest.
