Gold, silver and oil drive 65,000% jump in commodity perpetuals
Burns Brief
BitMEX said commodity perpetual swaps volume jumped from $38 Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
BitMEX said commodity perpetual swaps volume jumped from $38.1 million to $25 billion in Q1 as traders flocked to 24/7 gold, silver and oil exposure.
Key Takeaways
- BitMEX said commodity perpetual swaps volume jumped from $38
- 1 million to $25 billion in Q1 as traders flocked to 24/7 gold, silver and oil exposure