Bitcoin-Related Stock Sees Record High with Single-Day Trading Volume Surpassing $70 Billion

BlockBeats News, November 22nd, according to Bloomberg ETF analyst Eric Balchunas, the trading volume of the Bitcoin ecosystem (The Bitcoin Industrial Complex) hit a new high today, reaching an estimated $70 billion, with $50 billion contributed by MicroStrategy (MSTR) and its related 2x leveraged products, which have all set new trading records.

At the same time, IBIT reached a daily trading volume of $5 billion, marking the second-highest daily record in history, and MSTZ (inverse 2x leveraged MSTR product) also surpassed the $1 billion mark for the first time. MSTZ's trading volume today reached $1.2 billion, with a daily turnover rate soaring by 3500%, setting a new record.