10-7-2025 – Ethereum has overtaken Bitcoin in 24-hour futures trading volume, recording $62.1 billion compared to Bitcoin’s $61.7 billion, according to data first reported by Glassnode. This rare shift marks the first time in 2025 that Ethereum has outpaced Bitcoin in futures market activity, signaling a potential change in trader sentiment. The surge in Ethereum futures volume reflects growing interest among investors, possibly driven by upcoming network upgrades or increased institutional focus on Ethereum-based decentralized finance (DeFi) and smart contract applications.
Bitcoin, traditionally dominant in futures markets, has seen consistent volumes but faces seasonal declines, with June 2025 futures dropping 20% to $1.55 trillion. Ethereum’s rise may indicate traders are positioning for ETH-specific catalysts, such as the ongoing Pectra upgrade or rising ETF inflows. This development comes amid a broader crypto market rally, with Ethereum’s price climbing 2% to $2,643.60 and Bitcoin holding steady at $108,801.00 as of July 9, 2025.
Analysts note that Ethereum’s outperformance in derivatives markets could foreshadow stronger price momentum, especially if institutional adoption continues to grow.
