#BinanceHODLerSIGN #TariffsPause The trading volume of Binance futures has surpassed one trillion dollars: Is leverage currently fueling the market rally?

The trading volume of Binance futures exceeded the 1 trillion dollar mark last month, intensifying the debate about the role of leverage in driving cryptocurrency prices higher.

Total trading reached 1.04 trillion dollars in April, surpassing levels in February and March, and nearing January's peak of 1.23 trillion dollars.

This strong surge in derivatives activity coincided with Bitcoin's price rise from 85,000 to 94,700 dollars, supported by a notable increase in direct buying volume on the Binance platform, where the percentage of coin purchases increased by 19% during the month, achieving weekly gains of 6.2%.

The gains were not limited to Binance alone, as OKX, Bybit, and Bitget recorded significant growth in their trading volumes, reflecting an overall recovery in the futures market.

Despite this positive momentum, cautious signals emerged, with over 47,000 Bitcoins flowing into trading platforms from short-term holders seeking to take profits, in addition to Bitcoin and Ethereum miners selling large amounts of assets as prices rose, raising questions about the sustainability of the current rally.