Analyst: BTC spot trading volume has seen a moderate rebound, but demand is still insufficient to support new highs

Cryptocurrency analyst Darkfost stated that Bitcoin's spot trading volume has seen a mild recovery since the low point in July, but the overall recovery strength remains limited. When Bitcoin reached its phase low in July, the spot trading volume also fell to its lowest level since the last bear market, reflecting the weakest interest in BTC from the market in the past three years. Since then, the spot trading volume has rebounded somewhat, but a significant recovery has not yet occurred.

Data disclosed by Darkfost shows that Binance's spot trading volume rose to over $50 billion in September, up from $42 billion in July; Bybit's spot trading volume increased from $14 billion in July to $19 billion; Kraken's volume rose from $4 billion to $8 billion. The mild growth in spot trading volume is accompanied by a new round of upward momentum for Bitcoin, but if BTC wants to challenge new highs, the market still needs to further increase spot trading volume, especially new demand.