CryptoQuant Flags Volume Revival as Another Crack in Bear Market Downtrend
Crypto trade buying and selling quantity broke out of its bear-market hunch in August. Spot exercise reached roughly $75 billion on August 21, and perpetual futures hit about $336 billion, based on CryptoQuant knowledge.
The analytics agency reads the rebound as an early marker of a brand new bull section, because the spike arrived alongside a value rally fairly than a wave of promoting.
Spot Volume Returns With the Rally, Not the Sell-Off
August 21 noticed the second-largest spot session since February’s peak, ending a downtrend that had pushed exercise to multi-year lows whereas exchange liquidity continued to drain. Binance dealt with $19.4 billion of that complete, forward of Coinbase at $8 billion and Gate at $5.1 billion.
What separates this spike from earlier ones in 2026 is path. Earlier quantity spikes in 2026 occurred throughout sell-offs, making them an indication of exit demand fairly than recent shopping for.
This one behaved otherwise. It landed during a 25% rally in Bitcoin (BTC) and different main cash, which CryptoQuant treats as proof of real shopping for.
Growth was additionally broad. The 30-day change in spot quantity peaked round August 25 on the quickest tempo of 2026, with Gate up 667%, Coinbase up 429%, and OKX up 213%. Binance and the lengthy tail of smaller venues expanded by roughly 157% to 163%.
Follow us on X to get the most recent information as it occurs
Leverage Returns, however Shorts Did Much of the Work
Leverage adopted spot larger, and the sums concerned have been far bigger. Daily quantity reached about $336 billion on August 21, the best since March, led by Binance at $124 billion, OKX at $46 billion, and MEXC at $30 billion.
However, CryptoQuant flagged a caveat. Most of that futures spike came from traders covering shorts or being liquidated as costs climbed rapidly.
Futures development was nonetheless market-wide. The 30-day change peaked round August 24 and 25, with Binance up 202% and Bybit up 184%. OKX, Coinbase, and Gate now present the quickest 30-day enlargement at 407%, 378%, and 305%, respectively.
“The quantity comeback could also be one other signal of the tip of the bear-market downtrend and aligns with the early bullish section now underway throughout the crypto market,” CryptoQuant stated.
Prices have cooled since. Bitcoin traded close to $77,424 on September 14, well below its level a yr earlier. The coming weeks will present whether or not August’s exercise was the beginning of a regime change or a single burst of leverage.
Subscribe to our YouTube channel to look at leaders and journalists present skilled insights
The publish CryptoQuant Flags Volume Revival as Another Crack in Bear Market Downtrend appeared first on BeInCrypto.