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CryptoQuant Flags Volume Revival as Another Crack in Bear Market Downtrend

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CryptoQuant Flags Volume Revival as Another Crack in Bear Market Downtrend

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 The post CryptoQuant Flags Volume Revival as Another Crack in Bear Market Downtrend appeared first on BeInCrypto.

Key Takeaways

  1. Crypto exchange trading volume broke out of its bear-market slump in August.
  2. Spot activity reached roughly $75 billion on August 21, and perpetual futures hit about $336 billion, according to CryptoQuant data.
  3. The analytics firm reads the rebound as an early marker of a new bull phase, since the spike arrived alongside a price rally The post CryptoQuant Flags Volume Revival as Another Crack in Bear Market Downtrend appeared first on BeInCrypto.
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Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.