BTC, ETH and Sun's futures volumes show divergent trends: Glassnode

The future commercial volume for bitcoin, ethereum and Solana show divergent trends, according to Glassnode.

<a target="_blank" href="https://x.com/glassnode/status/1901962131722924463″ target=”_blank” rel=”nofollow”>By glass nodeA platform of financial and Ochain metrics, the volume of futures of bitcoin (btc) is suggesting a rebound. Meanwhile, ethereum (eth) and Solana (Sol), two of the world's largest altcoins for market capitalization, have their mostly flat futures volumes.

btc, eth and Sun's futures volumes

In the market, analysts use futures volumes as a key indicator of the market health of an asset. It also points to the behavior of the merchant, crucial to discern the potential recovery of the market or continuous downward pressure.

When futures volumes increase, suggestion is a flip in liquidity and commercial interests.

Often, this precedes notable price movements. bitcoin has witnessed this in the past and can still recover after a massive mass pressure since less than $ 100K fell.

According to Glassnode, bitcoin's volume around $ 60 billion at the beginning of 2025.

However, it reached a maximum of $ 63 billion for a maximum of one year to date and since then it has decreased to approximately $ 57 billion. Despite the fall and the rest below the $ 74 billion peak observed in December 2024, the volumes of futures of digital assets are currently around 32% higher from February 23.

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For the volume of ether futures, the image is slightly indicative of the lack of enthusiasm in the market. While it is not important, the trend is largely down.

The metric opened the year at $ 32 billion, but has decreased further from the maximum of YTD of $ 31. However, the last shared Glassnode data shows that the volume is $ 28 billion, outside its peak of one year of $ 37 billion.

Meanwhile, the volume of sun futures increased from $ 7 billion in January to a maximum of YTD of $ 12.2 billion.

However, since it reached this peak in February, the volumes of futures of Solana have dropped to $ 8.7 billion. Glassnode points out that Altcoin's futures volumes have been mostly flat in the last year. Could the launch of the sun's futures in the Mercantile Exchange Chicago help buoy volumes?

What does it mean?

These divergent trends paint the image of a resistant bitcoin market, while ethereum and Solana suggest a drop in institutional interest.

Earlier this week, standard analysts Chartered Bank doubled the price of btc, predicting a demonstration at $ 500k by the end of the year. But his perspective for ethereum is less optimistic, and his prognosis puts eth in around $ 4,000 in December 2025.

In particular, this previous prognosis Standard Chartered of $ 10K per eth.