Bitcoin fell to $80,000 as traditional assets such as stocks, ETFs, indices, gold and oil took a bigger share of trading on crypto exchanges. According to a Glassnode and Fasanara Digital report, perpetual futures tied to these assets made up 23.5% of volume in August, up from 0.5% in November 2025, with about $778 billion traded in August alone. Trading in crypto-asset perpetuals fell 49% over the same period, which lifted the traditional-asset share. Binance handled about 55% of perpetual volume, OKX a little over 15% and Hyperliquid 11%, with traditional assets making up 35.2% of Hyperliquid's perpetual volume compared with 27.6% on Binance. The report says Bitcoin's correlation with gold peaked on September 11 at its highest level since data began in March 2018, and that the figures are conservative because unclassified contracts were counted as crypto.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/23/2026 | 81,189.43 |
| Change that session | -0.28% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/23/2026 | 2,387.60 |
| Change that session | -0.06% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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