Analyst: Bitcoin Rises Over 30% in August, Trading Volume Still Near Three-Year Low

CryptoQuant analyst Darkfost stated that despite Bitcoin rising over 30% in August, spot trading volume across major exchanges remains weak, continuing the sluggish trend seen since July and currently sitting at levels not seen since September 2023. Compared to the market peak in October 2025, Binance's Bitcoin spot trading volume has dropped from $198 billion to $44 billion, Gate from $53.4 billion to $14 billion, and Bybit from $41.2 billion to $17.4 billion, representing an average decline of approximately 70%.