CryptoQuant: Market trading volume is recovering across the board, and the market may be entering the early stages of a bull market.

BlockBeats news, September 14th, CryptoQuant released a report stating that on August 21st, spot and perpetual contract trading volumes in the crypto market rebounded significantly in sync, with daily spot trading volume reaching approximately $75 billion, one of the highest levels since February; daily perpetual contract trading volume reached approximately $336 billion, a new high since March.

Unlike previous bear market phases where trading volume spikes were often accompanied by market declines, this round of trading volume surge occurred against the backdrop of BTC rising 24%, indicating that this volume increase was primarily driven by buying pressure. Meanwhile,

As of August 25th, the 30-day growth rates of spot and perpetual contract trading volumes across major trading platforms have all expanded significantly, indicating that market participation and leverage activity are fully recovering. CryptoQuant believes that the return of trading volume may signify that the market is transitioning from the bear market downtrend phase to an early bull market phase.