Future buying and selling quantity for Bitcoin, Ethereum and Solana are displaying diverging developments, in keeping with Glassnode.
Per Glassnode, an onchain and monetary metrics platform, Bitcoin (BTC) futures quantity is suggesting a rebound. In the meantime, Ethereum (ETH) and Solana (SOL), two of the world’s largest altcoins by market cap, have their futures volumes largely flat.
BTC, ETH and SOL futures volumes
Available in the market, analysts use futures volumes as a key indicator of an asset’s market well being. It additionally factors to dealer conduct, essential to discerning potential market restoration or continued draw back stress.
When futures volumes rise, the suggestion is a flip in liquidity and dealer curiosity.
Typically, this precedes notable value actions. Bitcoin has witnessed this up to now and will but rebound after large sell-off stress since dropping below $100k.
In response to Glassnode, Bitcoin futures quantity hovered round $60 billion firstly of 2025.
Nevertheless, it peaked at $63 billion for a year-to-date excessive and has since decreased to about $57 billion. Regardless of the dip and remaining beneath the $74 billion peak seen in December 2024, the flagship digital asset’s futures volumes at the moment hovers 32% greater since February 23.
For Ether futures quantity, the image is barely indicative of a scarcity of enthusiasm available in the market. Whereas not main, the pattern is basically downward.
The metric opened the yr at $32 billion however has dropped farther from the YTD excessive of $31. Nonetheless, newest knowledge Glassnode shared reveals the quantity stands at $28 billion, off its one-year peak of $37 billion.
In the meantime, SOL Futures quantity rose from $7 billion in January to a YTD excessive of $12.2 billion.
Nevertheless, since reaching this peak in February, Solana futures volumes are all the way down to $8.7 billion. Glassnode notes that the altcoin’s futures volumes have largely been flat up to now yr. May SOL futures launch on the Chicago Mercantile Change assist buoy volumes?
What does it imply?
These diverging developments paint the image of a resilient Bitcoin market, whereas Ethereum and Solana counsel a drop in institutional curiosity.
Earlier this week, analysts at Normal Chartered Financial institution doubled down on BTC value, forecasting a rally to $500k by the top of the yr. However their outlook for Ethereum is much less optimistic, with their forecast placing ETH at round $4,000 by December 2025.
Notably, this slashed Normal Chartered’s earlier forecast of $10k for ETH.