BTC Spot and Perpetual Futures Trading Volume Hits Multi-Month High in August

Bitcoin market activity has increased again, with CryptoQuant analyzing that recent volume growth is led by buying pressure rather than selling. CryptoQuant stated, 'On August 21 (local time), BTC spot trading volume reached $7.5 billion and perpetual futures trading volume hit $33.6 billion, both recording multi-month highs. Bitcoin's price also rose 24% during the same period. Gate's trading volume increase was particularly notable, with a 30-day growth rate of 667%, the highest among major exchanges this year. This indicates growing market participation and buying demand alongside recent BTC appreciation.'