This chart provides a comprehensive view of the volume relationships between the Bitcoin spot and perpetual futures markets on Binance over time, highlighting price evolution and volume comparison between these markets. Let’s describe each key aspect:

1. Market Volume (Bars):

   • Spot Market Volume: Represents the volume traded directly in the market, where Bitcoin is bought and sold without leverage.
   • Perpetual Futures Volume: Refers to the volume in the Bitcoin futures contracts market, where traders can trade with leverage. Higher volumes in futures typically indicate greater speculation and volatility.
     
     

2. Bitcoin Price (Line):
   The line on the chart shows the daily evolution of Bitcoin’s price over the analyzed period. Price fluctuations help contextualize the spot and futures market volumes, allowing for a more comprehensive understanding of how volume responds to these price changes.
   
   

3. Highlight Points (Red Markers):

   The points highlighted in red mark periods when the futures market volume fell below a critical threshold (less than 3.85 times the spot volume) and the combined total market volume was below 100,000. These moments indicate periods of reduced speculative interest or limited volume, potentially signaling that a strong move may be about to happen. Typically, such a move tends to go in the opposite direction of the current trend.

   For a more comprehensive analysis, use additional charts and indicators in conjunction to more accurately speculate on the direction of this “next strong move.”