August BTC spot, perp futures volumes hit multi-month highs: CryptoQuant

Bitcoin trading volumes have picked up again, with recent gains driven more by buying than selling, according to a CryptoQuant analysis. On Aug. 21, BTC spot trading volume reached $75 billion and perpetual futures volume climbed to $336 billion, both the highest levels in months, CryptoQuant said. Over the same period, BTC also surged 24%. Gate posted the most notable increase in volume, with its 30-day volume growth rate reaching 667%, the highest among major exchanges this year, according to the analysis. The data suggests market participation and buying demand have risen alongside Bitcoin’s recent advance.