Bitcoin Rebounds 30% in August, but Spot Volume Hits Three-Year Low

BitcoinWorld Bitcoin Rebounds 30% in August, but Spot Volume Hits Three-Year Low Bitcoin has recovered roughly 30% from its August lows, yet spot trading activity across major exchanges has slumped to levels not seen in three years.

The divergence between price recovery and trading participation has raised questions about the sustainability of the current rally.

Spot Volume Drops Sharply According to crypto analyst Darkfost, average daily spot volume on major exchanges has fallen by about 70% compared to October last year, when prices were near their peak.

Binance, the world’s largest crypto exchange, saw its spot volume drop from $198 billion to $44 billion. Gate recorded a decline from $53.4 billion to $14 billion, while Bybit fell from $41.2 billion to $17.4 billion.