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| Exchange | 24h Volume | 24h Change | 7d Change | Share |
|---|---|---|---|---|
 |
$19.41B | -0.6% | -15.2% | |
 |
$7.50B | -11.5% | -14.2% | |
 |
$6.62B | -8.3% | -17.1% | |
 |
$6.06B | -6.3% | -20.1% | |
 |
$3.63B | +1.4% | -5.6% | |
 |
$3.17B | -13.4% | -29.3% | |
 |
$2.87B | +10.8% | -28.8% | |
 |
$2.03B | -9.6% | +5.6% | |
 |
$775.6M | +47.7% | +1.6% | |
 |
$690.8M | -16.0% | -10.8% | |
 |
$500.6M | -13.1% | -14.3% | |
 |
$454.9M | -13.8% | +6.7% | |
 |
$259.9M | -8.3% | -11.4% | |
 |
$145.8M | -7.6% | -22.6% | |
 |
$103.9M | +2.2% | -61.4% |
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Bitcoin trading volume measures the total value of BTC perpetual contracts traded over a given period. PerpDEX Wars aggregates activity across the exchanges we track so you can see total market volume, recent changes and where trading is concentrated.
The table breaks down BTC volume by exchange, while the Bitcoin trading volume chart shows how aggregate activity has changed over time. Because this page focuses on perpetual markets, the data is best read as Bitcoin futures volume rather than spot BTC turnover.
Volume is useful for judging market participation and liquidity. A sharp increase can show that traders are reacting to a price move, while falling volume often points to quieter conditions. Read it together with open interest: volume measures how much is being traded, while open interest shows how much positioning remains open.
Bitcoin trading volume measures the total value of BTC perpetual contracts traded during a given period. Higher volume means more trading activity is taking place, but it does not tell you whether traders are predominantly long or short.
Volume counts trading activity during a period, while open interest measures the value of positions that are still open. A market can have high volume without building much new open interest if traders are frequently opening and closing positions.
Looking at Bitcoin trading volume by exchange shows where activity and liquidity are concentrated. It can also reveal when one venue is gaining market share or experiencing an unusual increase in trading relative to the rest of the market.
A volume spike usually means market participation has increased sharply. It can happen around large price moves, liquidations, news or periods of higher volatility, so volume is most useful when read alongside price, open interest and funding rates.
This page tracks BTC perpetual futures activity across the exchanges covered by PerpDEX Wars. It is therefore different from a general Bitcoin volume chart that combines or focuses on spot-market trading.
The page updates as fresh exchange data is collected, so the 24-hour total, exchange breakdown and historical chart can change as new trading activity comes in.