Alibaba (BABA) profits are under pressure due to heavy investment in AI; Bybit BABAUSDT perpetual contract 24-hour trading volume exceeds 13 million.

Alibaba (NYSE: BABA) shares fell nearly 5% in a single day after releasing its FY2026 Q4 financial report on May 15. Furthermore, its shares fell nearly 4% in pre-market trading today. This significant stock price volatility has substantially increased trading activity in the derivatives market. In the past 24 hours, the total trading volume of BABAUSDT perpetual contracts across all platforms was approximately $45.1 million. Bybit led all exchanges with a trading volume of $13.24 million, accounting for 29.35% of the market share, ahead of Binance ($4.52 million, 10.01%), Hyperliquid, and KuCoin.