BITCOIN SPOT TRADING VOLUME

That is 1.37 times the middle day of the 30 recorded days before it.

Those two readings can disagree, and often do. Trading days are lopsided: a handful of enormous ones drag the average up while most days sit well below it, so a day can be comfortably above a normal day and still be an unremarkable one for the year. The multiple compares this day with the middle of the last month. The bar ranks it against every day we recorded in the last year, counting the day itself.

An average day of the past week traded 18.6% less than an average day of the week before, which is quieter.

A different question from the one above, and the two can point opposite ways without either being wrong. That one asks whether this day was busy for Bitcoin; this one asks which way the last fortnight has been heading, by setting one week’s average day against the week before it. Both weeks were recorded across the same 5 exchanges, which is the condition for comparing them at all: the recorded set has grown over the years, and a week measured across five exchanges beside a week measured across four would show our record changing rather than the market. Neither direction is good news or bad news on its own. A quiet stretch can end in a jump and a busy one can simply be a busy one.

Over the past 30 days, from Sep 16, 2026, Binance carried 50.1% of the coins traded.

A month rather than a single day, because one exchange taking a few hours off would otherwise rewrite the whole picture. Shares are only worth reading from Aug 2015 onward, which is when a second exchange started reporting.

A weekend day carries about 58% of what a weekday carries.

Bitcoin itself never closes. The people trading it mostly keep office hours, and the five weekdays are near enough identical while both weekend days drop away. Each day of the week has between 582 and 583 readings behind it, measured from Aug 17, 2015, the first day at least two exchanges were reporting.

Most of what people call Bitcoin trading is not Bitcoin changing hands. Over the 30 days to Oct 15, 2026, the 3 exchanges where we record both kinds of market took $71.59 billion in coins bought and sold and $671.19 billion in bets on where the price goes next.

A different measurement from the rest of the page. Binance, Bybit and OKX are the exchanges we record both books for, so this is those rather than the 5 exchanges the first chart is drawn from, and it counts dollars as each exchange reported them hour by hour rather than coins valued at a daily close. The two sets of figures will not match and are not meant to. Other exchanges run a betting market too; these are the ones whose own hourly figures we hold for both sides, which is what lets the comparison be like for like. The record here starts Sep 9, 2019.

Over the 30 recorded days from Sep 16, 2026 to Oct 15, 2026, market orders across 6 exchanges came to $949.8 million more sold at market than bought at market. Of every dollar that changed hands, 49.5% was somebody taking a price already on offer to buy, and the rest was somebody taking a price on offer to sell.

Every trade has a buyer and a seller, so this is not about how many of each there were. It is about which side was in more of a hurry: who took the price already sitting there rather than queueing and waiting to be met. A different measurement from the rest of this page: Binance, Bitstamp, Bybit, Coinbase, Kraken and OKX, every trade counted at the price it printed at, from Sep 5, 2026. The first chart is the 5 exchanges whose daily totals we hold, valued at each one’s daily close, so the two will not add up to each other and are not meant to.

Of every dollar of coins that changed hands on Binance in Sep 2026, 49.1% of it was somebody taking a price already on offer to buy, and the rest was somebody taking a price on offer to sell. Added up month by month since Sep 2017, that comes to $72.67 billion more sold at market than bought at market.

One exchange, named, and that is the whole claim. Binance is the only exchange we record whose candles report which side took the price this far back, so this is its own record and not the market’s. It is a large share of the market and it is not all of it. The selling figure is the month’s whole turnover minus its measured buying, so the two always add up to that month’s turnover. The reading above is Binance, Bitstamp, Bybit, Coinbase, Kraken and OKX together, day by day, back to Sep 5, 2026. The two are never added together and never drawn as one line, because joining them would put a step at the join that was our coverage rather than anything the market did.

On Binance’s perpetual market in Sep 2026, 49.5% of the dollars that changed hands took the price by buying.

Two things this is not. It is not the coin trading above: a bet is opened and closed without a coin moving, so a dollar here and a dollar there are different events that happen to be counted in the same currency, and the two are never added. And it is not a count of who is right. Every bet has somebody on each side of it; this only says which side walked up and took the price on offer rather than waiting to be taken. It sits near the even line most months, which is what a market with two willing sides looks like.

Read it as attendance, not as a verdict. A big number means a lot of people showed up to trade, which is worth knowing when a price move happens: the same move on a quiet day and a busy day are not the same event.

It will not tell you which way anybody was leaning. That is a separate question, and only the market-order readings above answer it: across 6 exchanges over the last 30 recorded days, and on Binance alone, month by month.

Two things to keep in mind. This counts the 5 exchanges we record ourselves, not every venue in the world, so it is a floor rather than a total. And the number of exchanges behind it has grown over the years, which is why the count sits beside the reading instead of being quietly folded in.