Volume just came back — and this time it's buying, not selling.

Spot hit $75B and perps hit $336B on August 21, both multi-month highs, right alongside a 24% Bitcoin rally. Every prior volume spike this year came with selling; this one didn't.

The growth is broad too — 30-day spot growth just hit its fastest pace of 2026 across every major exchange, led by Gate at +667%.

→ Dive into the research.

@cryptoquant_official