CryptoQuant: bitcoin's 24% rally came with a surge in trading volumes
- —Spot volume on August 21 was ~$75 billion, the second-highest since February
- —Futures volume reached ~$336 billion, the highest since March
- —Gate spot volume rose 667% over 30 days, Coinbase 429%
- —Binance futures volume +202%, Bybit +184% over 30 days
Why it matters: Volume growth driven by buying rather than selling points to sustained demand and reduces the risk of a sharp BTC price reversal.
Source: Koin Bülteni