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CryptoQuant Flags Volume Revival as Another Crack in Bear Market Downtrend

Published Source: BeInCryptoRead original

Crypto Insight Summary: Crypto exchange trading volume broke out of its bear-market slump in August. Spot activity reached roughly $75 billion on August 21, and perpetual futures hit about $336 billion, according to CryptoQuant data. The analytics firm reads the rebound as an early marker of a new bull phase, since the spike arrived alongside a price rally Crypto Insight Analysis: Direction: Bullish BTC / Bullish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Rising trading volumes signal improving market sentiment and potential trend reversal.

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