Ethereum Melonjak 73% Saat Volume Futures Binance Masih Mengungguli Spot Dengan 12,5x

CryptoQuant Quicktake · 2026-10-02T07:53:00.000Z

Ethereum naik sekitar 73% dari akhir Juni hingga Oktober meskipun rasio volume spot-ke-futures Binance tetap berada di level rendah. Rasio ini membandingkan volume perdagangan spot Ethereum dengan volume perdagangan futures di Binance. Angka 8% berarti volume spot sama dengan hanya 8% dari volume futures. Pada 27 Juni, ETH diperdagangkan mendekati $1.560 sementara rasionya berada di 6,5%. Pada 1 Oktober, Ethereum telah naik ke sekitar $2.700, tetapi rasionya hanya meningkat sedikit menjadi 8%. Dengan kata lain, Ethereum memperoleh lebih dari $1.100 sementara volume spot tetap berada di bawah sepersepuluh volume futures di Binance.

Ethereum rose about 73% from late June to October even as Binance’s spot-to-futures volume ratio remained near low levels.
The ratio compares Ethereum spot trading volume with futures trading volume on Binance.
A reading of 8% means spot volume equals just 8% of futures volume.
On June 27, ETH traded near $1,560 while the ratio stood at 6.5%. By October 1, Ethereum had climbed to about $2,700, but the ratio had increased only slightly to 8%.
In other words, Ethereum gained more than $1,100 while spot volume remained below one-tenth of futures volume on Binance.
The divergence shows that ETH’s strong price recovery was not accompanied by a comparable increase in spot’s share of trading activity.
The current reading also contrasts sharply with previous peaks in the ratio.
It reached about 45% on April 13, 2026, before ETH subsequently fell roughly 36%, while a much higher reading of 114% on November 14, 2025 was followed by a decline of about 45%.
Those episodes do not establish that a high ratio causes price declines, but they show that stronger spot volume relative to futures has not necessarily coincided with stronger subsequent price performance.
Written by Amr Taha