Bitcoin Spot, Perpetual Futures Volumes Hit Multi-Month High, Signaling Shift to Early Bull Phase

Forecast Trend Report by Period

Bitcoin spot and perpetual futures trading volumes have jumped to their highest levels in months as prices rise, a sign the market may be shifting from a bear market into the early stages of a bull phase.

According to CryptoQuant's weekly report published on Sept. 14, daily spot trading volume on crypto exchanges reached about $75 billion on Aug. 21, the highest since the February peak. Binance led with $19.4 billion, followed by Coinbase at $8 billion and Gate.io at $5.1 billion.

Trading also surged in derivatives markets. Daily perpetual futures volume climbed to about $336 billion on the same day, the highest since March. Binance led with $124 billion, while OKX and MEXC recorded $46 billion and $30 billion, respectively.