CryptoQuant: trading volumes rose in August, signaling weakening bear trend
- —Spot volume on August 21 was about $75B, the second-highest since the February peak
- —Futures volume reached $336B, led by Binance ($124B), OKX ($46B), and MEXC ($30B)
- —30-day spot momentum: Gate +667%, Coinbase +429%, OKX +213%
- —Futures growth was mainly driven by short closures and liquidations amid rising prices
Why it matters: Rising volumes during a rally rather than a sell-off may indicate the end of the bear market and an early phase of a bull cycle.
Source: BeInCrypto PL