<ul data-eligibleForWebStory="false"><li>Bitcoin has been consolidating just below its $112,000 all-time high with strong support at $105,000 amidst major macroeconomic developments fueling market optimism.</li><li>The derivatives market, particularly Bitcoin futures, has shown significant growth with over $650 trillion in cumulative BTC futures volume on Binance since September 2019, compared to $168 trillion in spot volume during the same period.</li><li>The increasing dominance of futures trading highlights a shift towards leveraged and speculative activity shaping Bitcoin's price action, influencing its potential breakout into price discovery or a deeper retracement.</li><li>BTC price analysis indicates a crucial resistance at $109,000 while consolidation continues, with a potential rally towards price discovery above $112,000 pending a breakout. Market sentiment remains cautiously bullish with a focus on volume and key support levels.</li></ul>

Bitcoin Enters New Era: Derivatives Dominate As Futures Volume Hits $650 Trillion

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