Analysts: Bitcoin rises over 30% in August, trading volume remains near three-year low

TechFlow reports that on August 31, CryptoQuant analyst Darkfost stated that although Bitcoin rose over 30% in August, spot trading volumes across major exchanges remain weak, continuing a sluggish trend since July and currently sitting at their lowest level since September 2023. Compared to the market peak in October 2025, Binance's Bitcoin spot trading volume dropped from $198 billion to $44 billion, Gate fell from $53.4 billion to $14 billion, and Bybit decreased from $41.2 billion to $17.4 billion, representing an average decline of approximately 70%.

However, August volumes have largely stabilized compared to July, with Binance recording a month-on-month increase of $1.6 billion, indicating initial signs of stabilization in market activity. Analysis suggests that if trading volumes subsequently recover alongside prices, it could serve as a key signal that Bitcoin is entering a new upward cycle.