Analyst: Bitcoin rose over 30% in August, trading volume still close to a three-year low

CryptoQuant analyst Darkfost stated that despite Bitcoin rising over 30% in August, the spot trading volume across major exchanges remains weak, continuing the sluggish trend since July, currently at a low not seen since September 2023.

Compared to the market peak in October 2025, Binance's Bitcoin spot trading volume has dropped from $198 billion to $44 billion, Gate from $53.4 billion to $14 billion, and Bybit from $41.2 billion to $17.4 billion, with an average decline of about 70%.