Bitcoin futures trading on Binance registered a volumetric spike during U.S. market hours, tied to whale activity in block trades exceeding $50M in notional value. Bitcoin’s price surged to a record high shortly after midnight ET on October 5, 2024, wicking up to just above $125,700 per Coinbase bitcoin price data displayed on TradingView . Rising 3% on the day, bitcoin’s price cleared its prior all-time high of ~$124,500 set in August of this year. World's largest derivatives exchange will eliminate trading gaps for Bitcoin and crypto products as volumes hit record levels, pending regulatory approval. Bitcoin futures trading charts show RSI approaching overbought levels, prompting some short-term traders to consider profit-taking, while medium-term trend followers eye breakout confirmation above $68,800.
