The cryptocurrency market set a new volume record in June. The CME and BitMEX saw monumental trading days, as BTC incurred its largest rally in over a year.

Some analysts noted that in previous bull markets, fresh all-time highs in volumes were always followed by consolidation. Shrinking Spot market volume has been more than compensated for.

BTC 90 day Volume was recently 40% more than the 2017/18 peak.

Futures have swallowed the Spot market. BTC 90 day Volume was recently 40% more than the 2017/18 peak.

The consequences promise to be global.

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