Bitcoin spot volume recovers slightly from 3-year low, but momentum stays weak
- —BTC spot volume hit a roughly 3-year low in July
- —Binance September spot volume topped $50B vs $42B in July
- —Bybit rose from $14B to $19B; Kraken doubled from $40M to $80M
- —Sustained spot demand is needed for BTC to challenge new highs
Why it matters: Weak spot volume signals a lack of genuine demand, making a push to new Bitcoin highs unlikely without a pickup in buying.
Source: CoinPost