Bitcoin (BTC) trading volume hit an all-time high of $130 billion yesterday (Jan. 23), according to Checkonchain. Since President Trump won the U.S. election in early November, trading volume has soared, doubling from an average of $65 billion per day. Trading volume in the futures market (the total amount of futures contracts traded) reached $110 billion yesterday. This is the fifth highest volume on record for futures, and the cash market is trading at around $15 billion, near an all-time high. Meanwhile, Bitcoin ETF trading volume is around $5 billion, about half of its all-time high in March 2024.