CryptoQuant reports that on August 21, the total market spot daily trading volume surged to approximately $75 billion, marking one of the highest levels since February. Among this, Binance accounted for around $19.4 billion, and Coinbase for about $8 billion. Meanwhile, perpetual contract daily trading volume climbed to roughly $336 billion, the highest since March. Unlike previous volume spikes earlier this year that were accompanied by price drops, this round of trading volume surge coincided with a roughly 24% rise in $BTC. CryptoQuant believes this is more likely driven by buying pressure. By late August, the 30-day trading volume growth rate for both spot and perpetual contracts across major exchanges saw significant increases, indicating a broad recovery in market participation, which may align with a transition from a bear market to the early stages of a bull market. https://(wublock123.com)/news/cryptoquant-august-trading-volume-rises-signals-early-bull-market-68348