Bitcoin continues to trade at record levels.

According to checkonchain data, Wednesday’s $130 billion bitcoin (BTC) volume was one of the highest in its history. Trading volume has increased since President Trump won the US election in early November, doubling from a daily average of $65 billion.

The futures market (the total number traded in futures contracts) had a volume of 110 billion dollars yesterday. This was the fifth-highest futures trade on record, bested only by a handful of days in November and December last year.

The spot market saw around $15 billion in trading volume, which is approaching an all-time high. Meanwhile, bitcoin ETFs saw a trading volume of about $5 billion, which is about half of the record high seen in March 2024.

It is worth noting that options volume is not included in the $130 billion daily volume, but it is also growing rapidly. According to Glassnode data, the total volume of options contracts traded in the last 24 hours is more than $3 billion.

With bitcoin vying to be a global settlement layer, the more volume and liquidity that can be generated, the greater the asset’s chance of getting on board with institutions looking to settle billions of dollars at a moment’s notice.