Specific Trade Sizes Dominated Sampled Crypto Perpetual Volume
Trading activity in sampled cryptocurrency perpetual contracts was heavily concentrated around a small number of order sizes, according to CoinDesk.
Ether and Bitcoin Perpetuals Show Concentrated Activity
A $5,499 trade size accounted for 57% of the sampled volume in ether perpetual contracts. In bitcoin perpetuals, recurring trade sizes of $2,500 and $5,000 collectively represented 54% of the sampled volume.
Perpetual contracts are derivatives that allow traders to speculate on cryptocurrency prices without an expiration date. The concentration around specific trade sizes highlights the distribution of activity within the sample but does not, by itself, indicate the direction of market prices.