Crypto Assets Market September Review: Volume Rise but Price Fall

In September, the crypto assets market showed a complex situation. Although the prices of major crypto assets generally fell, the trading volume of exchanges continued to grow. Overall, market activity has increased, but investor sentiment remains cautious.

Price Trend

In September, the prices of major Crypto Assets showed an overall downward trend:

• BTC fell to 43829 dollars, a decrease of 7.1% month-on-month
• ETH falls to 3001 dollars, a month-on-month decrease of 12.6%

Other Crypto Assets have mixed performance:

• Solana continues to rise, with a month-on-month increase of 30.4%
• Cardano fell 23.6% after the Alonzo upgrade, but gained smart contract functionality.

Trading Situation

Despite the price fall, trading activity in September rose compared to August:

• The total volume of spot trading reached 2.5 trillion USD, a month-on-month increase of 6.2%.
• On September 7, the single-day trading volume reached 161.6 billion USD, a rise of 54.2% compared to the monthly high in August.
• Top exchanges account for 91.2% of the total spot trading volume.

It is worth noting that the trading volume of BTC with fiat currencies or stablecoins has fallen to its lowest level since April, totaling 6.9 million BTC, a decrease of 0.5% compared to the previous period. This figure is a 76.5% decline from the historical peak of 29.5 million BTC in March 2020.

Derivatives Market

The derivatives market is also showing a growth trend:

• The total volume of derivatives trading rose by 1.2% to 3.5 trillion USD.
• The derivatives market accounts for 56.0% of the overall Crypto Assets market.
• CME BTC options volume rose by 36%, reaching 1,295 contracts
• The total open interest of ETH derivatives rose by 4.7%, reaching 5.8 billion US dollars.

On the aspect of open contracts:

• The total open interest at the end of September reached the highest level in 5 months, with an average daily volume of 27.8 billion USD, a month-on-month increase of 14.3%.
• The total amount of open BTC futures contracts has slightly decreased to 11.9 billion USD.
• The total amount of ETH futures open interest has risen to $5.8 billion.

Exchange Performance

Performance of major exchanges in September:

• Spot trading volume ranking: Some trading platform > Some trading platform > Some trading platform
• A certain trading platform's spot trading volume is $828 billion, with a month-on-month rise of 10.2%.
• The spot trading volume of a certain trading platform is 181 billion USD, with a month-on-month increase of 2.8%.
• A certain trading platform has a spot trading volume of 168 billion USD, with a month-on-month growth of 1.3%.

Derivatives market share:

• A certain trading platform accounts for 56.1%, with a trading volume of 1.9 trillion dollars.
• A certain trading platform accounts for 14.3%, with a trading volume of 488 billion USD.
• A certain trading platform accounts for 11.4%, with a transaction volume of 389 billion US dollars.

Institutional Investor Trends

CME data shows that institutional investor activity is on the rise:

• The monthly trading volume of BTC futures contracts is approximately 144,000, with a month-on-month increase of 10.6%.
• The ETH futures volume reached $18.5 billion, a month-on-month rise of 34.5%.
• BTC futures volume increased by 6.0%, reaching 31.9 billion USD
• The open interest rate for ETH futures has reached a historical high of 678 million USD.

Summary

In September, the Crypto Assets market exhibited active trading but faced price pressure. Despite the fall in prices of mainstream Crypto Assets, the exchange volume and derivatives open interest continue to rise, particularly with strong performance in ETH-related products. This indicates that market participation remains high, but investor sentiment is becoming more cautious. Future market trends will still need to closely monitor regulatory developments and institutional investor behavior.