[Analyst: BTC Spot Trading Volume Shows Moderate Recovery, But Demand Still Insufficient to Support New Highs] Deep Tide TechFlow reports that on October 5, crypto analyst Darkfost stated that Bitcoin's spot trading volume has shown a moderate recovery since its July low, but the overall recovery momentum remains limited. In July, when Bitcoin hit a cyclical low, spot trading volume also fell to its lowest level since the last bear market, reflecting the weakest market interest in BTC over the past three years. Since then, spot trading volume has seen some recovery, but a significant rebound has yet to occur. Darkfost disclosed data showing that Binance's spot trading volume rose to over $50 billion in September, up from $42 billion in July; Bybit's spot trading volume increased from $14 billion in July to $19 billion; Kraken's volume grew from $4 billion to $8 billion. The moderate growth in spot trading volume has accompanied Bitcoin's new round of upward momentum, but if BTC aims to challenge new highs, the market still needs further increases in spot trading volume, particularly in terms of new demand.