---
title: "BTC, ETH and SOL Futures volumes show diverging trends: Glassnode"
url: https://diffcoin.com/btc-eth-and-sol-futures-volumes-show-diverging-trends-glassnode/
description: "Glassnode data shows the futures volume for BTC, ETH and SOL are indicating diverging trends"
published: 2025-03-18
updated: 2025-03-18
author: "Mila"
site: "Diffcoin"
---

# BTC, ETH and SOL Futures volumes show diverging trends: Glassnode

Future trading volume for Bitcoin, Ethereum and Solana are showing diverging trends, according to Glassnode.

Per Glassnode, an onchain and financial metrics platform, Bitcoin (BTC) futures volume is suggesting a rebound. Meanwhile, Ethereum (ETH) and Solana (SOL), two of the world’s largest altcoins by market cap, have their futures volumes mostly flat.

## BTC, ETH and SOL futures volumes

In the market, analysts use futures volumes as a key indicator of an asset’s market health. It also points to trader behavior, crucial to discerning potential market recovery or continued downside pressure.

When futures volumes rise, the suggestion is a flip in liquidity and trader interest.

Often, this precedes notable price movements. Bitcoin has witnessed this in the past and may yet rebound after massive sell-off pressure since dropping under $100k.

According to Glassnode, Bitcoin futures volume hovered around $60 billion at the start of 2025.

However, it peaked at $63 billion for a year-to-date high and has since decreased to about $57 billion. Despite the dip and remaining below the $74 billion peak seen in December 2024, the flagship digital asset’s futures volumes currently hovers 32% higher since February 23.

For Ether futures volume, the picture is slightly indicative of a lack of enthusiasm in the market. While not major, the trend is largely downward.

The metric opened the year at $32 billion but has dropped further from the YTD high of $31. Nonetheless, latest data Glassnode shared shows the volume stands at $28 billion, off its one-year peak of $37 billion.

Meanwhile, SOL Futures volume rose from $7 billion in January to a YTD high of $12.2 billion.

However, since reaching this peak in February, Solana futures volumes are down to $8.7 billion. Glassnode notes that the altcoin’s futures volumes have mostly been flat in the past year. Could SOL futures launch on the Chicago Mercantile Exchange help buoy volumes?

## What does it mean?

These diverging trends paint the picture of a resilient Bitcoin market, while Ethereum and Solana suggest a drop in institutional interest.

Earlier this week, analysts at Standard Chartered Bank doubled down on BTC price, forecasting a rally to $500k by the end of the year. But their outlook for Ethereum is less optimistic, with their forecast putting ETH at around $4,000 by December 2025.

Notably, this slashed Standard Chartered’s previous forecast of $10k for ETH.

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