According to the latest CoinGlass report, Bitcoin (BTC) futures transactions have significantly decreased to 558,914 units, equivalent to $49 billion. This figure, the lowest level in the past four months, indicates a notable drop from the December peak of 700,000 units ($62 billion). The declining trend in futures transactions reflects a shift in the market towards spot purchases and a decrease in traders’ inclination to use leverage. This strategic shift may be a response to the recent sharp fluctuations in Bitcoin prices, which plummeted to $78,300 in late February, marking a 25% decline from the historical peak of $108,786 in January. Digital currency market analysts predict that the highly volatile price trend will continue in March, leading to more cautious trading strategies and further reduction in futures transactions.
