[CryptoQuant: Market Trading Volume Fully Rebounds, Market May Be Entering Early Bull Market Phase] BlockBeats News, September 14, CryptoQuant released a report stating that on August 21, the trading volume of the crypto market's spot and perpetual contracts saw a significant simultaneous rebound. Daily spot trading volume reached approximately $75 billion, one of the highest levels since February; daily perpetual contract trading volume reached approximately $336 billion, marking a new high since March. Unlike previous bear market phases where surging trading volumes were often accompanied by market declines, this round of volume surge occurred against the backdrop of a 24% increase in BTC, indicating that this volume increase was primarily driven by buying activity. At the same time, as of August 25, the 30-day growth rate of spot and perpetual contract trading volumes across major trading platforms has significantly expanded, showing that market participation and leverage activities are fully recovering. CryptoQuant believes that the return of trading volume may indicate that the market is transitioning from the bear market's downward phase to the early stage of a bull market. [Original Link]