Bitway (BTW) hits a record $1.69: what you can do at $24 million in daily turnover

Bitway reached the highest price in its history on Sunday morning at $1.69 and trades shortly afterwards at $1.63, or 1.45 euros. The record is one half of the story. The other is turnover: in 24 hours BTW worth $24.2 million changed hands, while the market value of all circulating tokens stands at $4.41 billion. Half a percent of the stock is therefore traded in a day.

For investors in Germany, that is the real news. A price up 226 percent in thirty days draws attention. Whether you can actually buy at the price on your screen, and sell again later, is decided instead by trading depth. This article sets both figures side by side and names the date that joins them in November.

Bitway (BTW) this week: a $1.69 high, up 44.9 percent in seven days

BTW costs $1.63 on Sunday morning. Over seven days it is up 44.9 percent, over thirty days 226 percent. The previous record stood at $1.43 and was reached on September 28; cryptoticker.io reported then on the relationship between the all-time high and circulating supply at Bitway. That week's low was $0.84.

Within the past 24 hours the price moved between $1.31 and $1.69. That range comes to 29 percent, measured against the session low. A daily range of that size is not routine for a project with more than four billion dollars in market value, and it is directly connected to the turnover covered in the next section.

Bitway is a layer-1 blockchain compatible with Bitcoin. CoinDesk ranked the token on October 6 among the strongest smaller names in the market, then up 25 percent over 24 hours and 170 percent over thirty days. BTW is listed in the categories decentralised finance, yield farming and governance, and in the BNB Chain and Ethereum ecosystems.

Daily turnover of $24.2 million against a market value of $4.41 billion

The market value of all circulating BTW stands at $4.41 billion. That is enough for rank 30 among all cryptocurrencies. Trading turnover over the past 24 hours comes to $24.2 million. Set the two against each other and the result is a turnover ratio of 0.55 percent.

That ratio is the metric that counts with young tokens. It says how much of the existing stock actually changes hands on an ordinary day. The lower it is, the less of a counterparty sits in the order book, and the harder a single larger order hits the price. That holds in both directions, on the way in as on the way out.

An example makes the scale tangible. Buying BTW worth $240,000 moves one percent of the entire daily turnover. At Bitcoin, one percent of daily turnover would equate to around $130 million. The same order therefore weighs roughly five hundred times as much at Bitway as at Bitcoin.

A turnover ratio of 0.55 percent: the comparison with the 25 largest cryptocurrencies

To give the number a yardstick, cryptoticker.io set it against the top end of the market. The basis is market data for the 25 largest cryptocurrencies, with the stablecoins stripped out, because as a means of trading they naturally turn over a multiple of their stock. That leaves 21 names, plus Bitway as the 22nd object. cryptoticker.io compiled this analysis itself on October 11, 2026.

The mean for the 21 names is a turnover ratio of 1.13 percent. Bitway, at 0.55 percent, comes to about half of that. The token is thus more thinly traded than the typical large name, but it is no outlier: six of the 21 have a lower ratio, among them BNB at 0.40 percent, WhiteBIT Coin at 0.23 percent and Canton at 0.22 percent. At the other end sits NEAR at 9.46 percent.

This placing matters more than a warning. A low turnover ratio is no defect on its own, since very established tokens also trade little when their holders think long term. At Bitway, though, the low ratio meets a daily range of 29 percent, and that combination is what really characterises the situation.

Slippage and spread: why a mid-sized order moves the price in a thin book

Slippage is the difference between the price you see when you send an order and the price at which it is ultimately filled. It arises when the order book does not hold enough volume on the other side at the price you want, and the order eats through several price steps.

The spread is the gap between the highest bid and the lowest offer. In thinly traded tokens it is wider, and you pay it twice, on entry and on exit. Neither figure appears in any price display; both become visible only in the settlement.

In practice that means two things. A limit order protects you from slippage, because it is filled only at the price you set or better; in return it may go unfilled altogether. A market order, by contrast, is filled for certain, but at whatever price the order book provides. At a turnover ratio of 0.55 percent that distinction is not academic.

27.08 percent in circulation: 7.29 billion BTW are still locked

Of the ten billion BTW in total, 2.71 billion are in circulation. That is 27.08 percent. The remaining 7.29 billion tokens, or 72.92 percent of the total supply, are still tied up and reach the market only step by step.

That distribution helps explain the wide daily range. The price forms against a stock amounting to barely a quarter of the eventual total. Every bid meets a scarce supply, and that amplifies moves upwards as well as downwards.

The circulating share has stayed unchanged at around 27 percent against the end-September reading. That is notable, because tokens were released in the meantime: total supply grows along with it, so the share stays roughly level despite the new tokens.

A fully diluted valuation of $16.29 billion against $4.41 billion in market value

The fully diluted valuation, FDV for short, is the value a project would have if every token ever planned were already in circulation and traded at today's price. At Bitway it stands at $16.29 billion. That is 3.69 times the current market value of $4.41 billion.

This metric is neither a price target nor a forecast. It answers a different question, namely how much buying power would be needed for the price to hold as the locked tokens arrive. The further FDV and market value sit apart, the more new capital a project needs to defend a price level across the release phase.

A ratio of 3.69 is nothing out of the ordinary for a token whose issuance began in March 2026. It is a yardstick for your expectations, not a verdict on the project. Anyone who knows it reads a record headline differently from someone who sees only the price.

Token release on November 2: 101.63 million BTW according to CoinGecko

The next dated event falls on November 2, 2026. According to CoinGecko's figures on Bitway, 101.63 million BTW are released that day, equal to one percent of total supply. The release splits there into 60.17 million tokens for the community and 41.46 million for the ecosystem pot.

For scale: 101.63 million tokens equate at the current price to roughly $166 million, and thus to about seven times an average day's turnover. That does not mean this volume will be sold, because released tokens can also sit still. It means the release is large relative to trading depth.

Under the publicly documented terms, the release follows a monthly, linear schedule over 41 months for community and ecosystem. The team and investor shares are subject on that basis to a twelve-month lock-up; since token issuance began in March 2026, those periods would only fall due in spring 2027. The sources are not congruent here, which is why the exact date for team and investors remains open.

Buying in Germany: MiCA authorisation and the question of the trading pair

Since the transition period of the EU's MiCA regulation expired, crypto service providers may serve clients in Germany only with full authorisation as a crypto-asset service provider. For you that means the first thing to check with a smaller token is not the price but whether your venue is authorised here at all and offers the pair.

A token at rank 30 is not automatically listed on the spot market at large venues authorised in the EU. If it is reachable only through a decentralised exchange, network fees and the management of your own key come on top. Which platforms hold European authorisation is shown in our overview of regulated crypto exchanges.

Check in addition which counter-currency the pair trades against. If it runs against a stablecoin rather than the euro, an extra conversion step arises with costs of its own, and for tax purposes that conversion is a separate transaction.

Leverage and liquidation: BTW perpetuals at Binance and Bitget

Futures contracts without an expiry date, known as perpetuals, exist for BTW. According to data platform CoinMarketCap, Binance listed a BTWUSDT perpetual on June 4, 2026, and Bitget offers BTW contracts with leverage of up to ten times. A spot listing at Binance is not evidenced by that; the two are separate things.

A liquidation is the forced closing of a leveraged position once the collateral no longer suffices. At ten times leverage, a price move of roughly ten percent against the position is enough. BTW's daily range on Sunday was 29 percent.

A plain calculation follows from that: a move that can occur several times in a single day at this level is enough, at ten times leverage, for a complete closing. With a thin order book there is the added effect that the closing itself pushes the price further and takes more positions with it.

Custody: BTW sits on BNB Chain and Ethereum

Bitway is listed in the BNB Chain and Ethereum ecosystems. For custody that means you have to choose the right network when withdrawing from an exchange. A transfer onto the wrong chain generally means losing the tokens, and no provider is obliged to retrieve them.

With a token whose price has more than tripled in thirty days, the amount sitting in an exchange account often grows faster than the attention paid to it. A hardware wallet keeps the private key off the computer; how the devices differ is set out in the hardware wallet comparison.

Keep in mind that self-custody shifts responsibility entirely to you. The recovery phrase is the access to the tokens, and it belongs neither in a photo nor in a chat history.

Holding period and tax: one year decides the tax liability

In Germany cryptocurrencies count as other assets. Sell BTW at a profit within a year of buying and that profit is taxable as a private disposal, charged at your personal income tax rate. After a year has elapsed the profit is tax-free.

With a token that has tripled in thirty days, that is a calculation with weight. A short-term sale after a sharp rise can cost a considerable part of the gain depending on your rate, while the same position stays untouched after twelve months.

What matters, therefore, is documenting every transaction, including a conversion into a stablecoin, because that too is a disposal. Without a recorded acquisition date the one-year period cannot be proven later.

Levels above and below: $1.69 as the high, $1.31 as the session low

To the upside, the record of $1.69 is the next level to watch. A price that passes it has no historical trading zone above it in which supply has built up. To the downside lies the session low of $1.31, below it the round dollar level and the old record of $1.43 as an intermediate step.

These are observation points, not price targets. At a turnover ratio of 0.55 percent such levels carry less weight anyway than at a heavily traded name, because less volume sits at each step.

Bitway release on November 2: 101.63 million tokens join the supply

The situation translates into three steps, which you can work through in this order.

1. Settle the venue and the pair. Check whether your provider holds European authorisation and lists BTW on the spot market against the euro. The overview of crypto brokers names terms and product range.
2. Set your order size against daily turnover. Measure your intended sum against $24.2 million and work with limit orders rather than market orders. For holding larger balances, the software wallet comparison helps.
3. Note November 2. Record the release date and your own holding period. The crypto tax tools carry the acquisition date and the one-year period along automatically.

(As of October 11, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)