Golden Finance reported that according to checkonchain data, Bitcoin (BTC) trading volume reached $130 billion yesterday (January 23), setting a record high. Trading volumes have surged since President Trump won the U.S. election in early November, doubling from an average of $65 billion a day. The futures market (the total volume of futures contracts traded) hit $110 billion yesterday. This is the fifth-highest futures volume ever recorded, with cash market volume at around $15 billion, which is close to an all-time high. Meanwhile, Bitcoin ETF trading volume is around $5 billion, about half of its all-time high in March 2024.